Bill Gates (1955-), is a well-known American entrepreneur, investor. Gates launched Microsoft and has been on the Forbes since 1987. He was born and raised in Seattle, Washington and still currently lives in Seattle.
<u><em>Explanation</em></u>:
<u>(a) FIFO</u>
In using this method we calculate cost based on the price of the earliest (first) purchased inventory date.
(b) LIFO
Here we calculate cost by using the price of the most recent (last) purchased inventory date. eg for inventory cost calulations for March 9 we use the price value of March 29
(c) weighted average
This meeting uses the average cost of the entire inventory in the month. Calculated by dividing total cost by today inventory.
(d) specific identification.
Here cost are just assigned to each individual item or batch of items in the period.
Answer:
double-blind experiment
Explanation:
A double-blind experiment is one in which both the experimenter and the subjects don't have knowledge of which treatment is given to which participant.
The aim of this method is to avoid bias especially from demand characteristics (experimenter expectation) and placebo effect (perception of benefit from an ineffective substance).
Double-blind experiment is used when CureAll develops a new drug to treat restless legs syndrome, and test the drug's efficacy is designed in such a way that neither the experimenter administering the drug or participants knows which drug is administered.
If a company uses $1,510 of its cash to purchase supplies, the effect on the accounting equation would be One asset increases $1,510 and another asset decreases $1,510, causing no effect.
The relationship between an entity's assets, liabilities, and owner's equity are represented by the basic accounting equation, often known as the balance sheet equation. It serves as the system's cornerstone for double-entry bookkeeping. The total debits and total credit for each transaction are equal.
There are three possible arrangements for the accounting equation:
- Assets = Liabilities + Owner's Capital - Owner's Drawings + Revenues - Expenses.
- Owner's equity = Assets - Liabilities.
- Net Worth = Assets - Liabilities.
The accounting equation makes sure that every entry in the books and records is verified and that each obligation (or expense) and its associated source, or each item of revenue (or asset) and its source, can be independently verified.
To know more about accounting equations refer to: brainly.com/question/14689492
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Answer:
willful misrepresentation
Explanation:
Willful misrepresentation is an intentional act or misrepresentation of facts with an intent to deceive. It is an intentional action taken by one party, which constitutes a breach of representation with an intent or act to mislead the other party to whom such representation was made.
The above scenario is an example of wilful misrepresentation because the broker knew that the foundation of the house was faulty but willfully misrepresented fact by telling the buyer that the home's foundation was 'solid as rock'.
