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Tems11 [23]
3 years ago
6

The amount the bank charges for use of money is called interest. True False

Business
1 answer:
klemol [59]3 years ago
3 0
True. When you borrow from a bank, you pay back the amount loaned PLUS interest.
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What environmental advantages would there be in having fewer transactions?
ra1l [238]

Answer:

Less Of an Imcome

Explanation:

4 0
3 years ago
In a period of rising prices, the inventory method which tends to give the highest reported net income is:
Blizzard [7]

Answer:

b. first-in, first-out.

Explanation:

Generally, there are three methods for estimating the inventory shown below:

1. First-in-first, the company is selling the old products in this way than the new ones, which means first selling the old products and then selling the new ones

2. Weighted average method: Weighted cost is measured by considering the total revenue and total purchase

3. Last-in-first-out: Contrary to the first-in-first-out process, the first sale of new goods, then selling of old goods.

4. Base stock: The process by which the orders of the consumer are fulfilled by holding the less inventory

In the FIFO method, the highest ended inventory results in the lower cost of goods sold at the highest net profits.

7 0
2 years ago
Case D. Stewart Company reports the following inventory record for November:
worty [1.4K]

The cost of ending inventory and the cost of goods sold under each of the following methods: Under the LIFO method, Sales Less: Cost of Goods sold Gross Profit less: Selling, admin, depreciation Income before.

Final in, first out (LIFO) is a technique used to account for inventory. beneath LIFO, the expenses of the maximum recent products bought (or produced) are the primary ones to be expensed. LIFO is used most effectively inside the USA and governed via the commonly ordinary accounting standards (GAAP).

The LIFO method is used within the COGS (value of products sold) calculation while the fees of manufacturing a product or obtaining inventory have been growing. this will be because of inflation.

The ultimate-In, First-Out (LIFO) method assumes that the last unit to arrive in stock or greater latest is offered first. the first-In, First-Out (FIFO) approach assumes that the oldest unit of inventory is sold first.LIFO effects decrease internet earnings because the price of products offered is better, so there may be a decrease in taxable profits.” decreased tax legal responsibility is a key reason some organizations decide on LIFO.

Learn more about LIFO here: brainly.com/question/24938626

#SPJ4

5 0
1 year ago
Fill in the blanks: direct deposit typically refers to your ______ sending your ______ electronically to your bank account.
d1i1m1o1n [39]

Direct deposit typically refers to your <u>employer</u> sending your<u> paycheck </u>electronically to your bank account.

<h3>What is direct deposit?</h3>

Direct deposit can be defined as the way in which your employer directly deposit your salary into your bank account electronically.

Most companies or organization tend to make use of direct deposit system to pay their employee salary or paycheck instead of giving them cash or  using check .

Inconclusion Direct deposit typically refers to your <u>employer</u> sending your<u> paycheck </u>electronically to your bank account.

Learn more about direct deposit here:brainly.com/question/3044615

6 0
1 year ago
if you wanted to take the survey to be included in the next revision of the strong interest inventory, which requirements would
Olin [163]

The strong interest inventory is vital in helping individuals identify their work personalities and it's available at<u> skillsone.</u>

The strong interest inventory refers to a career self-assessment tool. The <em>strong interest inventory</em> is used by <em>career development specialists</em> in measuring the interests of their clients and to help them to choose a career.

The <em>strong interest inventory test </em>helps people match their interests with potential career, educational, and leisure activities by using their preferences in different areas.

Read related link on:

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5 0
2 years ago
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