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Anarel [89]
4 years ago
8

Career Readiness Identify the examples of interests. Check all that apply. Doris wants to learn how to write poetry. Misty wants

to take a class to learn about different cultures. Leroy is well liked by his classmates. Marcus treats other people with respect. Cora works hard.​
Business
1 answer:
netineya [11]4 years ago
8 0

Answer:

Doris wants to learn how to write poetry.

Misty wants to take a class to learn about different cultures.

Explanation:

Identify the examples of interests. Check all that apply.

Doris wants to learn how to write poetry.

Misty wants to take a class to learn about different cultures.

Leroy is well liked by his classmates.

Marcus treats other people with respect.

Cora works hard.

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Let A equal the reported inventory value if the lower-of-cost-or-market rule is applied to individual items of inventory while B
Lera25 [3.4K]

Answer:

The correct answer is A will always be equal to or less than B.

Explanation:

In general terms, inventory is valued in terms of cost. But there must be a deviation from the cost basis of the inventory valuation and it must be reduced below cost when the utility of the goods has decreased and its sale product or item value will be less than its cost.

The decrease in the value of inventory below cost can be due to different causes, such as physical deterioration, obsolescence, a drop in the price level, etc. In these situations, the inventory is recorded at its market value. The difference in value (cost-to-market value) is recognized as a loss for the current period. It should be understood that the market value of the inventory must be estimated since the inventory has in fact not been sold. As a general rule, the concept of market value is used in terms of the current replacement cost of inventory, that is, what it will currently cost to purchase or manufacture the item.

5 0
3 years ago
As you approach potential investors for you new business, it's important to present them with
damaskus [11]
The correct answer is A. A good, solid business plan.
4 0
3 years ago
Bibby Auto Shop uses a normal job-costing system to allocate overhead on the basis of labour hours. For the current year, Bibby
geniusboy [140]

Answer and Explanation:

The journal entry is shown below:

Overhead $4,700  

   Cost of goods sold $4,700

(Being overapplied overhead is closed)

Here the overhead is debited as it increased the expenses and credited the cost of goods sold as it decreased the expense

8 0
3 years ago
A mass transit authority charges bus fares of $1.25 during morning rush hours but only $1.00 during late morning non-rush hours.
amm1812

Answer:

The correct answer is more inelastic; more elastic.

Explanation:

Inelastic demand is that demand that is not very sensitive to a change in price. In this way, before a variation in the price the quantity demanded reacts in a less than proportional way. For example, if the price increases by 10% and in response the quantity demanded is reduced by less than 10%, then the demand is said to be inelastic.

The elasticity of demand, also known as the elasticity-price of demand, is defined as the percentage change of the quantity demanded before a percentage change in the price.

An elastic demand is that demand that is sensitive to a change in price. In this way, a small variation in the price causes a more than proportional change in the quantity demanded. Thus, for example, if the price increases by 10% and in response the quantity demanded is reduced by more than 10%, then the demand is said to be elastic.

7 0
3 years ago
The balance sheets for Plasma Screens Corporation, along with additional information, are provided below:
Nutka1998 [239]

Answer:

Please see the Cash Flow Statement for Plasma Screens Corporation below:

Explanation:

<em>PLASMA SCREENS CORPORATION       </em>

<em>Statement of Cash Flows       </em>

<em>For the Year Ended December 31, 2021       </em>

     

CASH FLOWS FROM OPERATING ACTIVITIES     $

Net Income             68,000

<u><em>Adjustments to reconcile net income to</em></u>

<u><em>net cash provided by operating activities:</em></u><em>      </em><u><em> </em></u>

Depreciation on Fixed Assets          161,000

<u><em>(Increase) Decrease in Current Assets:</em></u>      

Accounts Receivables                   13,900  

Inventory                   (14,900)

Prepaid Rent                     (1,900)

<u><em>Increase (Decrease) in Current Assets:</em></u>      

Accounts Payable              13,900  

Interest Payable              (6,900)

Income Tax Payable          <u>     </u><u>2,900  </u>

NET CASH PROVIDED BY OPERATING ACTIVITIES   <u>236,000</u><u>  </u>

     

CASH FLOWS FROM INVESTING ACTIVITIES      

Purchase of Equipment                                       <u>(109,000)</u>

NET CASH USED IN INVESTING ACTIVITIES     <u>(109,000)</u>

     

CASH FLOWS FROM FINANCING ACTIVITIES      

Payment of Notes Payable                               (115,000)

Payment of Cash Dividends                                     <u> (24,500)</u>

NET CASH PROVIDED (USED) IN FINANCING ACTIVITIES  <u>(139,500)</u>

NET INCREASE (DECREASE) IN CASH       (12,500)

Cash Balance, December 31 2020                154,300

Cash Balance, December 31 2021                 141,800  

7 0
4 years ago
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