Answer:
$459,000
Explanation:
The computation of the ending retained earning balance is shown below:
Ending retained earning balance is
= Opening retained earning balance + net income - dividend
where
Net income
= Service revenue - operating expenses
= $827,000 - $748,000
= $79,000
Now the ending retained earnings balance is
= $444,000 + $79,000 - $64,000
= $459,000
Answer:
The correct answer is C.
Explanation:
Giving the following information:
The LIFO inventory method assumes that the cost of the latest units purchased are:
<u>Under the Last-in, First-out method the first units on inventory are the ones left to ending inventory. On the contrary, the last units are the first ones to go to the cost of goods sold. </u>
a. the last to be allocated to the cost of goods sold. False, this is under the FIFO method.
b. the first to be allocated to ending inventory. False, this is under the FIFO method.
c. the first to be allocated to the cost of goods sold. True.
d. not allocated to cost of goods sold or ending inventory. False, they are allocated to cost of goods sold.
Answer:
D. Experience
Explanation:
Based on the information provided within the question it can be said that this scenario best describes the 4E framework objective known as experience. This is the objective of helping customers experience the company's product, either directly or indirectly. Which is what the clothing line in this scenario is doing by allowing it's customers to virtually experience the product by seeing how it would look on them through a computer program.
Answer: a. Ellie has most likely tapped into an illusionary correlation in her data.
Explanation:
Illusionary Correlation is a phenomenon in Psychology and Statistics where during the course of research, the researcher perceives a relationship to exist between the variables due to seemingly statistically significant findings when no such relationship actually exists.
The problem is that since such correlations are usually rare, they are easier to discover and fixate on.
The likelihood of children apps being influenced by goat cheese and the number of engine failures of Ford Fiesta cars in the USA would make quite a number of people scoff which is why her manager was skeptical.
