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3 years ago

True or false. Students with a Learners License may not receive a motorcycle endorsement.

Business

2 answers:

Ivenika [448]3 years ago

7 0

This is a true statement.

gizmo_the_mogwai [7]3 years ago

7 0

Answer:

The correct answer is True.

Explanation:

A student with an apprentice license may not receive a motorcycle endorsement. This is because apprenticeship permits are issued to those who are learning to drive and because of this cannot legally drive a motorcycle. The law states that persons who are learning to drive cannot operate a vehicle without an adult with a valid driver's license.

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Novak Company took a physical inventory on December 31 and determined that goods costing $190,000 were on hand. Not included in

Lorico [155]

Answer: $237070

Explanation:

The amount that Novak should report as its December 31 inventory will be:

Inventory in hand = $190,000

Add: Goods bought from Pelzer Corporation = $25,170

Add: Cost of goods sold to Alvarez Company = $21900

Total = $237070

The amount that Novak should report as its December 31 inventory will be $237070

8 0

3 years ago

Z-Mart appropriately uses the installment sales method of accounting for its installment sales. During 2013, Z-Mart made install

Tresset [83]

Answer:

Dr. Cr.

Sale

Account Receivable $300,000

Inventory $210,000

Deffered Gross Profit $90,000

Payment Receipt

Cash $135,000

Account Receivable $135,000

Profit Recognition

Deffered Gross Profit $40,500

Relaized Gross Profit $40,500

Explanation:

On sale a receivable is recorded and goods has been transferred to customer and its cost is been deducted from inventory. The Gross profit is deferred until the receipt of payment.

Deferred Profit = $300,000 x 30% = $90,000

Inventory cost = $300,000 - $90,000 = $210,000

Cash received from the customer, profit proportionated to the the cash receipt is realized gross profit.

Realized Profit = $135,000 x 30% = $40,500

5 0

3 years ago

Recommend financial reporting and auditing-related reforms that would likely be effective in preventing or detecting frauds simi

abruzzese [7]

Answer:

The answer is stated below:

Explanation:

If the SEC and the AICPA, worked altogether in order to share the information, they might have detected the fraud prior. The case states that the Madoff Securities does not required to submit the peer review program to AICPA as Friehling, had recorded that he did not perform or conduct any audits.

Recommendation

1. The policy execution for the exchange of the information among the two firms would be useful to detect the fraud.

2. The PCAOB should spend more resources an attending the hotline of whistle blowing through executing the policies which need certain complaints to be addressed effectively.

3. The firms or company should have done more in order to verify the financial statements assertions, which surrounds the investments. The PCAOB need to execute the policy that require the companies (such as Madoff Securities) to correctly answer the inquiries of the auditor.

6 0

3 years ago

Jones and smith share the same cuvical in the officce. Jones loves to listen to music on his speakers while working. Smith is no

Talja [164]

Answer:

A. that my answers

Explanation:

Jones and smith share the same cuvical in the officce. Jones loves to listen to music on his speakers while working. Smith is not able to concentrate on his work in the presence of music. Jones recieves benefits worth $200 regardless of whether he listen to music on his speakers or headphones. The cost of headphones is $50. SMith is not abke to conecentrate on his work and suffers damages worth $350 when Jones listens to music without his headphones. Smith does not suffer any damages when Jones listens to music on his headphones.

Suppose the office does not have any rules against listening to music on speakers while working. In thisâ case, if Jones and Smith do notâ communicate, the market outcome is that:

a. Jones continues to listen to music on his speakers; therefore, Smith is not able to concentrate on his work

b. Jones continues to listen to music on his speakers; however, Smith is able to concentrate on his work

c. Jones starts listening to music on headphones; therefore, Smith is able to concentrate on his work

d. Jones stops listening to music on his speakers; therefore, Smith is able to concentrate on his work

4 0

2 years ago

Read 2 more answers

The need to balance practice effects in the repeated measures design is analogous to the need to balance ________ in the indepen

Mama L [17]

<span>practice effects and also collaborating </span>

4 0

3 years ago