Answer: $18,460
Explanation:
Amounts that will go towards the cash account at the end of the year include all actual cash, undeposited checks, bank balances and short term investments.
The Total amount of cash to report will therefore be;
= Currency located at the company + Short-term investments that mature within three months + Balance in savings account + Checks received from customers but not yet deposited + Coins located at the company + Balance in checking account
= 1,050+ 1,950 + 8,500 + 650 + 110 + 6,200
= $18,460
William H. Armstrong was the native of Lexington, Shenandoah Valley. he mentioned his school days and about the church in the book "Sounder".
<h3>What was mentioned in the "Sounder" book about the Christianity?</h3>
Armstrong changed his mind about the Bible. He has so many questions about that, due to which he start writing his own books to find the answers.
His main interest was to write about the questions of young and old people related to the Bible.
He appeals to various ages and Christianity.
Learn more about the book Sounder here:-
brainly.com/question/20630493
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Answer:
barriers to entry in monopoly but not in monopolistic competition.
Explanation:
Imagine a situation where a monopolistically competitive firm is doing very well and is able to earn economic profit (profits higher than normal) in the short run. Since this company is earning higher than normal profits, other companies will enter the market and start competing against them hoping to get a piece of that abnormally high gain. As more competitors enter the market, economic profits will start to decrease until finally they are eliminated.
Since monopolies do not face competition, they can earn economic profits in the long run.
Answer:
The answer is B.
Explanation:
FIFO inventory cost method will yield the highest taxable income during times of inflation or period of rising price.
FIFO is First in First out i.e the inventory that was purchase first will go out first. This method reflects the current market price because last inventories bought during inflation are part of the ending inventories. Ending inventories are high, cost of sales are low and gross profit is high.
Because gross profit is high, high tax will be charged
Here is a sizing chart from the Kohl’s website and they sell ASICS
