Answer:
The correct answer is (e)
Explanation:
Digital currency, such as bitcoin is out of government’s control. Similarly, the market decides their price and that makes them unpredictable. Likewise, the digital money has various problems that make them different and hard to trust on, such as, they can’t be used as means of payment, the unit of account, store of value and standard value. Because fiat money is equipped with all those advantages, which is why people doubt that current forms of digital will replace traditional money.
Answer:
(a) the first-in, first-out (FIFO) method; $1054
(b) the last-in, first-out (LIFO) method; $998 and
(c) the weighted average cost method $760
Explanation:
FIFO
Inventory ; 13 units × $38 = $494
14 units × $40 = $560
Total = $1054
LIFO
Inventory ; 13 units × $38 = $494
14 units × $36 = $504
Total = $998
weighted average cost
August 7
New Cost per Unit = ((14 units × $36) + (19 units × $38)) / ( 14 units + 19 units )
= $37.15
December 11
New Cost per Unit = ((33 units × $37.15) + (14 units × $40))/( 33 units+14units)
= $38.00
Inventory Cost = 20 units × $38.00
= $760
<u>Solution and Explanation:</u>
<u>The retained earning statement for the company Crane for the year 2017 is as follows:
</u>
Martinez Company
Retained Earnings Statement
For the Year Ended December 31, 2017
Retained Earnings, January 1 $2,190,000
Less: Correction of Depreciation Error $382000
Retained Earnings, January 1, as adjusted $1,808000
Add: Net Income $929000
Less: Dividends $226000
Retained Earnings, December 31 $2,511000
Retained earnings at the starting year is to be considered and depreciation and dividend amount is to be deducted whereas the net income is to be added.
Newman's own organics is considered a socially responsible company because it donates to charity.
<h3>What are socially responsible company?</h3>
Socially responsible company are companies that are committed to the growth and development of their community.
They give voluntary donations to communities around them.
Therefore, Newman's own organics is considered a socially responsible company because it donates to charity.
Learn more on social responsibility below,
brainly.com/question/1373962
#SPJ12
Answer:
A. BRICS is an acronym for for an association of five major emerging national economies: Brazil, Russia, India, China and South Africa.
For this study, i,ll work with China.
China:
- Type of economy: advanced industrial
- Type of government: Unitary one-party socialist republic
- Trade and capital flow: incomplete free trade and part of a trading bloc
- The commanding heights: mix of state and private ownership
- Services provided through state and funded through taxes: Transportation, education, pension, but not healthcare.
- Institution: Non-transparency, highly corruption until recent death penalty for corruption, no protection of human right, no political freedom or freedom, a strong court.
- Markets: mixed market system characterized by high-risk/high-reward entrepreneurial dynamism
B. China's profile promises a good marketing opportunity so long as one goes in line with the nation's strict laws and business codes.
