Answer: A. Distinct
Explanation: Distinct goods or services are those that generates economic benefit (that can be of use) to the customer on its own or together with other readily available resources (Goods or services that are sold separately or a resource that the customer already possess).
One of the measures of determining if a good or service is distinct is to determine if it can be sold on a standalone basis and if it can be separately identifiable from other promises in a contract.
Answer:
$100,000
Explanation:
The total amount of loans the banking system can make = total reserves available / reserve requirement = $5,000 / 5% = $100,000
Banks have the ability to create money, since they can lend money to a client, and if that client leaves the money on the bank in a checking account, the bank can lend it again, and the circle goes on and on. This creation of money results from the money multiplier. Money multiplier = 1 / reserve requirement = 1 / 5% = 20
Answer:
True
Explanation:
Trust must exist between the agent and the client, and the agent should remain loyal to his or her client.
Agency relationships exist when an agent (a person) acts for or on behalf of his client (also referred to as the principal).
This type of relationship can only exist as long as mutual trust exists between the agent and his client.
Answer and Explanation:
The computation of the cost od merchandised sold for each sale and the inventory balance after each sale is presented in the attachment below;
The perpetual inventory is the system which updated the inventory as on a regular basis
While on the other hand, the weighted average cost method is the method in which the average cost is calculated after each every purchase is made
In the calculation below:
1. The weighted average cost of $30.90 come from
= (Total inventory cost) ÷ (Total quantity)
= ($180,000 + $1,674,000) ÷ (60,000 units)
= $30.90
1. The weighted average cost of $31.60 come from
= (Total inventory cost) ÷ (Total quantity)
= ($463,500 + $674,100) ÷ (36,000 units)
= $31.60