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3 years ago

Which of the following statements about materials is false?

Business

1 answer:

weqwewe [10]3 years ago

5 0

Answer:

The correct answer is B

Explanation:

Purchase is the term which is defined as the bought or purchase of raw material that is necessary or required for the business in order to create or manufacture goods or services. So, that the product could be presented into the market for sale and the business could make profit from the sale of product.

So, the statement is false as the acquisition of material is charged to the purchase account.

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A CFP professional is a Registered Investment Advisor managing 120 million in assets. One of his clients sends a complain letter

irinina [24]

SEC reviews the information and have the authority of regulatory disclosure for the ADV.

<h3>What is SEC and how it works?</h3>

SEC is a Securities and Exchange Commission in United States who regulates the nation's securities industries.

The basic functions of the SEC is to protect the investors, capital formation and maintain the fairness in the market.

SEC is the governing body which has the authority in the case of ADV form.

Learn more about the ADV form here:-

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4 0

2 years ago

Dave is a handsome and famous celebrity. he has been dating gabriela, a beautiful and popular actress, for the past two months,

Leto [7]

According to the investment model there should be a degree of satisfaction in the relationship to have stability. But Dave doesn't have that commitment which means he is not satisfied with his relationship. This led him to be attracted with other women he worked with. He felt that these women showed interest to him and he thought of this can be the opportunity to find someone else. This is his alternative to find satisfaction that he is looking for.

4 0

3 years ago

1. If the government decides to subsidize the production of a good, the result would be a decrease in the equilibrium price and

Crazy boy [7]

Answer: False

Explanation:

When the government subsidies production of a good, it leads to a rise in the supply of the good. The supply curve shifts down to the right leading to a <em>fall in the price level</em>. But the <em>equilibrium quantity increases</em>.

Thus, the given statement is false that if the government decides to subsidize the production of a good, the result would be a decrease in the equilibrium price and a decrease in the equilibrium quantity.

7 0

3 years ago

Jostens Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 10% bonds outsta

Ludmilka [50]

Answer:

$3.28

Explanation:

Weighted average number of diluted common stocks = Number of common stock + Convertible preferred stock + [(convertible stock outstanding/Number of stock convertible)*Number of common stock]

Weighted average number of diluted common stocks = 200,000 + 20,000 + (1,000,000/$1,000)*45

Weighted average number of diluted common stocks = 200,000 + 20,000 + 45,000

Weighted average number of diluted common stocks = 265,000

Diluted earnings per share = Net income + Interest on convertible bonds / Weighted average number of diluted common stocks

Diluted earnings per share = $800,000 + ($1,000,000*10%*(1-30%) / 265,000

Diluted earnings per share = $800,000 + $70,000 / 265,000

Diluted earnings per share = $870,000 / 265,000

Diluted earnings per share = $3.283018867924528

Diluted earnings per share = $3.28

3 0

3 years ago

These are selected account balances on December 31, 2015. Land (location of the office building) $100,000 Land (held for future

lara31 [8.8K]

Answer:

$1,125,000

Explanation:

The total amount of property, plant, and equipment will appear under the Non-Current Assets section of the Balance Sheet. Thus prepare the Non Current Asset Section as follows :

Non Current Asset Section

Land $100,000

Land held for future use $150,000

Office Building $700,000

Equipment $450,000

Office Furniture $150,000

Accumulated Depreciation ($425,000)

Total $1,125,000

7 0

3 years ago