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olga_2 [115]
3 years ago
8

When the concept of conservation is applied to the balance sheet, it results in (

Business
1 answer:
melomori [17]3 years ago
6 0
I think the correct answer from the choices listed above is option B. When the concept of conservation is applied to the balance sheet, it results in <span>understatement of capital. Hope this answers the question. Have a nice day. Feel free to ask more questions.</span>
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In what way is globalization a disadvantage for developed nations?
erastovalidia [21]

.

Businesses and corporations relocate to developing nations so they don't have to pay the wages that developed nations pay their workers. Many of these nations do not have the same regulations in regards to workers' rights, benefits, safety, and environmental impact. Because companies aren't subject to these regulations, they are able to save millions of dollars. As a result, businesses shut down operations in the U.S. and other developed nations and move those jobs abroad.

3 0
3 years ago
Assume that on September 1, Office Depot had an inventory that included a variety of calculators. The company uses a perpetual i
White raven [17]

Answer and Explanation:

The journal entries are shown below:

1. Merchandise Inventory $1,620

        To Accounts Payable $1,620

(Being the calculators purchased on account)

2. Merchandise Inventory $50

              To Cash $50

(Being freight expenses paid for cash)

3. Accounts Payable $38

          To Merchandise Inventory $38

(being the returned inventory is recorded)

4. Accounts Receivable $690

          To  Sales Revenues $690

(Being the sales is recorded)

Cost of Goods Sold $520

     To Merchandise Inventory $520

(Being the cost is recorded)

5. Sales returns $45

       To Accounts Receivable $45

(being the sales return is recorded)

Merchandise Inventory $34

    To Cost of Goods Sold $34

(Being the cost of returned is recorded)

6. Accounts Receivable $760

     To Sales Revenues $760

(being the sale is recorded)

Cost of Goods Sold $570

   To Merchandise Inventory $570

(Being the cost is recorded)

4 0
3 years ago
Joe decides that he will contribute $5,000 a year to his 401(k) plan when he starts saving for retirement. What is the best acti
AfilCa [17]
I feel that the answer would be C as that would give it the most time to grow and build, but I have heard many times that IRA's can be better as far as tax. I would go with C, unless your class has specifically been leaning about IRA's. 
5 0
3 years ago
Vijay Company reports the following information regarding its production costs. Direct materials $ 10 per unit Direct labor $ 20
kirill115 [55]

Answer:

Unitary variable cost= $40

Total variable cost= $800,000

Explanation:

Giving the following information:

Direct materials $ 10 per unit

Direct labor $ 20 per unit

Overhead costs for the year Variable overhead $ 10 per unit

Fixed overhead $ 160,000

Units produced 20,000 units

Unitary variable cost= direct material + direct labor + manufacturing overhead= 10 + 20 + 10= $40

Total variable cost= 20000units* 40= $800,000

7 0
3 years ago
Read 2 more answers
The IRS agent who audited the Form 1120 filed by Alano Inc. concluded that $300,000 of the salary that Alano paid to its CEO and
wlad13 [49]

Answer: Alano's taxable income increases by $300,000.

Explanation:

Constructive dividends are paid to a shareholder and classified in such a way that they are not to be seen as taxable dividends.

If during auditing however, the IRS determines that it was indeed a taxable dividend, it becomes a constructive dividend.

Constructive dividends are taxable by definition so Alano's taxable income increases by the amount of dividend of $300,000.

7 0
3 years ago
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