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3 years ago

12

Which account is credited when a job is completed? finished goods inventory. sales revenue. cost of goods sold. work in process

inventory?

1 answer:

Firdavs [7]3 years ago

3 0

Answer:

sales revenue. We are going to debit profit and loss too for cost of labor if need arises.

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Which professional source provides entrepreneurs with expertise and knowledge about buying an existing business in return for co

kenny6666 [7]

business broker's

Explanation:

Business Brokers are the professionals who help purchase business in return of commission.

8 0

3 years ago

Suppose First National Bank holds $100 million in assets with an average duration of 3 years, and it holds $90 million in lia

Nitella [24]

Answer:

% change decrease is = 1.2 %

Explanation:

given data

assets = $100 million

average duration = 3 years

liabilities = $90 million

average duration = 3 years

interest rates= 4% increase

to find out

percentage decrease in First National Bank's net worth relative to the total original asset value

solution

change in assets value is

change in assets value = $100 million × 4% × 3 year = $1200 million

change in liability value is

change in assets value = $90 million × 4% × 3 year = $1080 million

change in net worth = $1200 - $1080 = $120 million

so % change is = $\frac{120}{100}$

% change decrease is = 1.2 %

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3 years ago

Q 7.39: In a small-town retail store, the sales clerk is responsible for counting the cash in the cash register and comparing it

denis23 [38]

Answer: b.segregation of duties

Explanation:

Segregation of duties as an internal control ensures that there are multiple people doing activities that if left to one person can leave the company at the risk of fraudulent activity. It also helps to reduce the incidence of errors in reporting because more than one person will be cross-checking transactions.

There should be more segregation of duties in this small-town retail store. For instance, the sales clerk should not be responsible for both the counting and comparison to the cash register tape because they could have omitted sales from the machine and then simply taken the money from the cash when counting. A different person should count the cash to see if it tallies with the cash register tape.

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Stew Beauf is a self-employed surfboard-maker in 2019. His Schedule C net income is $152,800 for the year. He also has a part-ti

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The answer to this question is $356,567

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3 years ago

The sarbanes oxley act was passed to

Rzqust [24]

The correct answer to your question is letter D. "Both A and C"

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3 years ago