Your friend is in the category of people considered to have HIGH INCOME.
Friend's salary is more than $1 million and he lives off a credit card. He has high income but net worth can't be determined.
Answer: Promise of returns comparable to Treasury bonds.
Explanation: Treasury bonds are debt security assets bought from the government of the United States which have a fixed interest rate, and a maturity period of about 10 years. They are very safe form of investment with little risk involved.
An investment with returns similar to that of treasury bonds, can be a legit form of investment because the interest rate is relatively reasonable.
Answer:
The number of equivalent units using the weighted-average method is 185,000.
Explanation:
Determine the number of units completed and transferred out.
Number of units completed and transferred out = Units in beginning
+ Units started and completed during the month
=35,000+110,000
=145,000
Therefore, the number of units completed and transferred out is 145,000 units.
It is given that the beginning units completed is 35,000, and the units started and completed are 110,000. They are added to calculate the number of units completed and transferred out. Therefore, the number of units completed and transferred out is 145,000 units.
----
Determine the number of equivalent units using the weighted-average method.
Equivalent units = Number of units completed and transferred out + Additional units in process ×Percentagecompleted
=145,000+(40,000×100%)
=185,000
Answer:
C
Explanation:
more current investment and more future consumption.
Hariette should choose cash basis of accounting when she runs the profit and loss report. A company's reporting guidelines and practices for revenues and expenses make up its accounting method. Cash accounting and accrual accounting are the two primary accounting techniques.
Revenues and costs are recorded in cash accounting when they are received and paid. There are three different accounting methods: modified cash basis, cash basis, and accrual basis. Let's briefly review the fundamentals before we discuss which types of firms use certain accounting techniques.
If you only consider popularity, accrual accounting comes out on top since it is both the most popular and the most accurate techniques.
To learn more about accounting, click here.
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