I think the answer is false because many schools raise fundraisers to help pay for things. If this is the case the money for the school will be quite low
Answer:
The description is for Colombia.
Explanation:
In Colombia and any Latin American country, the business creation process is usually more complicated due to the different types of legal procedures that must be carried out, which often ends up increasing informality levels. In the United States, the process is usually easier, since it takes no more than three days and can be done electronically. In Colombia, for example, a different procedure must be carried out for each national or territorial body (local and national taxes), commercial constitution, among other procedures that take approximately one month to complete. In addition, many of these obligations require the advice of a certified accountant who is the most suitable professional to carry out this procedure.
Answer:
the cost of ending inventory is $1,680
Explanation:
The computation of the cost of ending inventory is shown below:
But first determine the ending units
Ending inventory units is
= 30 units + 34 units + 61 units + 160 units -271 units
= 14 units
Now
The Cost of ending inventory is
= 14 units × $120
= $1,680
hence, the cost of ending inventory is $1,680
And, the same is to be considered
Answer:
$35,000
Explanation:
Given that,
Revenues earned:
cash = $32,000
on account = $18,000
Expenses incurred:
cash = $5,000
on account = $10,000
Net Income:
= Income - Expenses
= (Cash revenue + account revenue) - (cash expenses + Expenses on account)
= ($32,000 + $18,000) - ($5,000 + $10,000)
= $35,000
Therefore, the net income for the month of May is $35,000.
Answer thats dificult
Explanation: thats dificult
