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iris [78.8K]
3 years ago
15

what's the best definition of financial literacy? a. the efficient and effective management of moneyb. the ability to find, eval

uate, utilize, share, and create financial contentc. the business or services conducted by a bankd. the ability to use knowledge and skills to manage financial resources effectively
Business
1 answer:
san4es73 [151]3 years ago
5 0
Im going to say the answer is A
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Texas Plating Company reported a cost of goods manufactured of $524,000, with the firm's year-end balance sheet revealing work i
Alborosie

Answer:

Beginning WIP= 122,000

Explanation:

Giving the following information:

Cost of goods manufactured= $524,000

Ending work in process= $79,000

Raw materials used in the production of $89,000

Direct labor of $145,000

Manufacturing overhead of $247,000

To calculate the beginning work in process we need to use the cost of goods manufactured formula:

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

524,000= Beginning wip + 89,000 + 145,000 + 247,000 - 79,000

Beginning WIP= 122,000

8 0
3 years ago
Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexp
topjm [15]

Better Houses, Inc. has been contracted to build an addition on the Joyners' house. It built half of the addition and then unexpectedly announced that it was not going to finish the job. Such a desertion of work is called "Abandonment of contractual obligations".

<h3>What is contractual obligations?</h3>

Contractual obligations are responsibilities that each party is bound by law to fulfill under the terms of the agreement.

Each contract involves one or both parties exchanging anything of value in connection with a variety of duties, such as goods, services, money, etc.

Elements of a Contract are-

  • Offer: An offer was made when one of the parties pledged to carry out or refrain from carrying out a specific action in the future.
  • Promise of consideration: A promise of something of value in return for the intended conduct or inaction. This can be demonstrated by a substantial outlay of resources, a promise to provide a service, a commitment not to do something, or reliance on the promise. The incentive for the parties to enter into the agreement is known as consideration.
  • Acceptance: The offer was unmistakably accepted. Acceptance can be demonstrated through words, actions, or by carrying out the contract's requirements. In general, the terms of the acceptance must match those of the offer. If not, the acceptance is interpreted as a counteroffer and rejection.

To know more about the contractual obligations, here

brainly.com/question/22433474

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8 0
1 year ago
What is a shared risk pool in an annuity?​
ycow [4]

Risk pooling allows an insurance carrier to provide an income stream via an immediate annuity, even with its costs and expenses, far more cheaply than a person could on his or her own. Risk pooling is the practice of sharing all risks among a group of insurance companies.

7 0
2 years ago
Suppose that a car manufacturer discovers that it can lower its average costs if it diversifies its operation by also producing
frutty [35]

Answer: Economies of scale

Explanation:

Economies of scale occurs when there is a reduction in cost as a result of an increase in production. Economies of scale are the cost advantages which a business can exploit through the expansion of its scale of production. The aim of economies of scale is to lower the average costs of production.

When the car manufacturer diversifies his operation by producing pickup trucks and SUVs, there'll be a reduction in the average unit cost of output. This term refers to Economies of scale.

4 0
3 years ago
Read 2 more answers
Relevant information is information you can’t trust
Fantom [35]

Answer:

Relevant information is data that can be applied to solve a problem

Explanation:

4 0
3 years ago
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