Answer:
$70,200
Explanation:
Given that,
Cost of material purchased = $21,000
Direct labor cost = $18,000
Total overhead = $32,000
Opening and closing balances in the month of July.
Cost of goods sold for July:
= Cost of material purchased + Direct labor cost + Total overhead + (Opening material + opening work in process + opening finished goods - Closing material - Closing work in process - Closing finished goods)
= $21,000 + $18,000 + $32,000 + ($6,200 + $700 + 3,300 - 7,100 - 1,200 - 2,700)
= $70,200
Answer:
The correct option here is A) .
Explanation:
Fiscal policy is a tool which is used by a government to influence the economy , through the changes in spending and taxation ( of governments ). This policy affects the economy in both short run and long run. Fiscal policy has its effect on aggregate demand for goods and services and is very much capable of influencing savings, investment and growth in the economy through its contractionary and expansionary fiscal policies. So thus from the above information it can be said that the option A is correct.
Answer:
sales daybook
Explanation:
issued to credit customers
Answer:
-Diego is correct because the loan has to be paid in full by a specific date.
Explanation:
Closed-end-credit is a type of credit where a fixed amount is borrowed and must be repaid in full by the end of a specified period. The amounts to be paid back are the principal and the interests. Sienna took a closed-end-credit because her loan was issued at a go, and she had to repay after 48 months.
Open-end credit is like a revolving fund. The borrower is allowed credit up to a specific limit. Once they make repayments, they can re-access the facility.
Answer:
Major consumer-protecting laws are:
Explanation:
1. Major federal Act Section 5- This legislation specifies that all firms are required to treat the customer equally and must not be at any disadvantage because of their exploitative treatment.
2. Fair Credit Report Act- This statute guarantees that it is treated equally and safely by all companies handling customer data. It makes sure that no unethical sharing of such information with any 3rd person takes place.
3. Financial Modernization Act - This legislation mandates all commercial banks in the United states to include it in principle how they safeguard and manage customer data securely.
