Answer:
Disadvantages of the Partnership
Today their company, Microsoft, is a major corporation, and Bill Gates and Paul Allen are two of the wealthiest people in the world. Microsoft is a partnership that turned into one of America's greatest success stories.
Explanation:
hope it helps.at pa brainless pwease..
Answer: B). You must use the FAFSA to apply for the federal work-study program.
Explanation: FAFSA or the Free Application for Federal Student Aid is a process through which the students can apply for the federal work-study program. Universities and colleges use the information in the FAFSA application to determine the students eligibility for grants, scholarships, work-study awards.
Thus, B). You must use the FAFSA to apply for the federal work-study program is the correct option.
Answer:
Hodge Company
Calculation of Estimated Loss on Inventory in the
Flood Using Gross Margin (Profit) Method
November 21, 2016
Inventory at November 1, 2016 $96,000
Purchases from November 1, 2016 <u>$131,000</u>
to date of flood
Cost of goods available for sale $227,000
<u>Estimated cost of goods sold:</u>
Net sales from November 1, 2016 $250,000
to date of flood
Less: Estimated gross margin <u>$75,000</u> <u>$175,000</u>
(250,000 * 30%)
Estimated cost of inventory at date of flood $52,000
Less: Salvage goods <u>$9,200</u>
Estimated loss on inventory in the flood <u>$42,800</u>
Answer: Option A
Explanation: In simple words, it refers to the software that is readily available in the market unlike the custom made software which are made for a specific purpose.
The cost of such software is less as they do not demand the expertise and time that is needed to manufacture a custom made software.
Hence from the above we can conclude that the correct option is A.
Answer:
Supplies Expenditure $600,000
Supplies Inventory $200,000
Explanation:
Calculation for the appropriate account balances related to supplies expenditures and supplies inventory :
Supplies Expenditure will be $600,000 because during the year purchased of $600,000 supplies were made.
Therefore Supplies Expenditure will be $600,000
Supplies Inventory will be:
Purchased supplies $600,000
Less used supplies $400,000
Balance =$200,000
Therefore Supplies Inventory will be $200,000
