Answer:
Kindly check explanation
Explanation: After the verdict of the judge, as a lawyer who stood for the defendant, the lawyers would want to find a way out of the verdict such that his client could get a more favorable judgment, hence the option to appeal. However, appealing the verdict of a court also has two possible outcomes, which are either winning and getting a more favorable verdict which is avoiding the whole or part of the $50,000 fine or losing again which ultimately results in more expenses incurred during the duration of the legal suit. It could also dent the image of the business as his decision to appeal may be deemed as obstinate.
Answer:D) backward bending.
Explanation: Engel Curve is a curve developed based on the study on households expenditures and income by a German Statistical expert named Ernst Engel in the year 1857.
An Engel curve shows the relationship between demand for a good (on the horizontal or x-axis) and income level (on the vertical or y-axis). A normal good has a positive slope of curve is Positive,but if the slope of the curve is negative, the good is an inferior good.
THE CURVE FOR JOYCE AND LARRY AFTER THEY REDUCED THEIR HOME IMPROVEMENT SPENDING WILL HAVE A BACKWARD BENDING.
Answer:
Actual Inventory $ 343640
Explanation:
FOB Shipping point means as soon as the goods are sold they are the buyer's property and must be excluded from the inventory.
FOB destination means that the goods are the seller's property and responsibility unless the goods reach the destination. They are included in the seller inventory unless the buyer gets them.
Inventory sent on consignment is also counted in the cosigner's inventory.
The inventory costing $20,800 that was sold on December 28, terms FOB shipping point will not be included in the seller's inventory. They are now the buyer's responsibility.
Windsor, Inc
Inventory Stock Count on 31 Dec $301,000
Add inventory sent on consignment $29,120
Add Inventory purchased FOB shipping $13,520
Actual Inventory $ 343640
Answer:
Correct option is 02.
Explanation:
Cost of finished goods inventory = Work in process beginning + Direct material, Direct labor and Manufacturing overhead - Work in process ending
= 68,000+450,000-86,000
= $432,000
Hence, the journal entry on December 31, will be as under:
Date General Journal Debit Credit
December 31 Finished goods inventory $432,000
Work in process inventory $432,000
You are using money as a store of value.
<h3>What is a store of value?</h3>
Money is anything that is generally accepted as a means of payment for goods and services and for repayment of debt. For example, the $20 bill is widely accepted as a means of payment in the US and in some parts of the world.
Money serves as a store of value when it can be used in the future for payment of money. Money is able to serve this function because it can retain its value over the long term.
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