Answer:
The answer is $215,000
Explanation:
Cost of goods sold equal:
Opening/beginning inventory plus purchases minus closing/ending inventory
To find beginning inventory at January 1, 2018, lets rearrange the formula:
Cost of goods sold minus plus purchases plus closing/ending inventory.
Cost of sales is $470,000
Purchases is $415,000
Ending inventory is $160,000
Therefore, beginning inventory at January 1, 2018 is
$470,000 - $415,000 + $160,000
=$215,000
Sales representatives and brokers should work under a signed labor agreement that may or may not permit broker deductions.
How Do Brokers Work?
A broker is a person or business that stands between a potential investor and a securities exchange. Individual traders and investors require the services of exchange members since securities exchanges only accept orders from people or companies who are members of that exchange.
Brokers offer that service and are paid in a variety of methods, including commissions, fees, or payments from the exchange itself. To assist investors in deciding which broker is best for them, Investopedia routinely examines all of the major brokers and keeps a list of the top online brokers and trading platforms.
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Answer:
The right option is <em>(a). The use of math and statistics to derive meaning from data.</em>
Explanation:
<em>Analytics</em><em> is concerned with turning raw data into insight for making better decisions. Analytics relies on the application of statistics, computer programming, and operations research in order to quantify and gain insight to the meanings of data. It is especially useful in areas which record a lot of data or information for business analyses.</em>
Answer:
The two types of financial institutions—depository and non-depository
The main difference:
Depository institutions earn money from what customers put into the institution.
Non-depository institutions earn a profit from the interest paid on loans made to customers.
Explanation:
The best way to differentiate a depository institution from a non-depository institution is to compare the two terms. Whereas a depository institution is a savings bank, legally allowed to accept monetary deposits from consumers (for example, commercial banks, savings and loan associations, or credit unions), non-depository institutions do not accept monetary deposits from customers (for example insurance companies, pension funds, securities firms, government-sponsored enterprises, and finance companies), but they all render financial services.
Answer: Insurance premium
Explanation: