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matrenka [14]
3 years ago
7

Informal logic is __________.

Business
1 answer:
Kobotan [32]3 years ago
5 0
Its the study of formal validity without a focus on everyday usages of critical thinking
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During the taking of its physical inventory on December 31, Almond Supplies Company incorrectly counted its inventory as $545,00
IceJOKER [234]

Answer and Explanation:

The effect of undervaluation of Inventory is shown below:-

Inventory Understated = Inventory counted + Correct value of inventory

= $545,000 - $554,000

= $9,000

Now, the effect of undervaluation of Inventory is

Cost of goods overstated by $9,000

Net income understated by $9,000

Retained earning understated by $9,000

Assets (Current assets - Inventory) understated by $9,000

5 0
3 years ago
Assume US GAAP to answer this question. In 2017, $2 million in wages were earned and no cash wages were paid. In 2018, $8 millio
kari74 [83]

Answer: a. Liabilities increased by $1.0 million in 2018

Explanation:

In 2018, $9 million was used to settle the wage debt of 2017 and the remainder was used to settle the wages in 2018.

The money remaining in cash after the wage settlement was:

= 9,000,000 - 2,000,000 - 8,000,000

= -$1,000,000

This means that $1,000,000 of wages was not settled in 2018 which means that this would have to go to the Wages Payable account to signify that the company owes wages.

This account is a liability account so liabilities in 2018 would increase by $1,000,000.

6 0
3 years ago
A mutual fund is offered with no up-front sales charge and no contingent deferred sales charge. It charges 50 basis points of 12
trapecia [35]

Answer:

The correct statement is C. This statement is misleading because a no-load fund cannot charge more than 25 basis points of 12b-1 fees

Explanation:

THIS STATEMENT IS MISLEADING BECAUSE A NO-LOAD FUND CANNOT CHARGE MORE THAN 25 BASIS POINTS OF 12B-1 FEES.

A mutual fund is not permitted to advertise itself as a "no-load" fund if it charges 12b-1 fees of more than .25% (25 basis points) annually. 12b-1 fees are charges against net asset value that pay for the cost of soliciting new investment to the fund, and they can be used to compensate salespersons that sell the fund's shares.

8 0
3 years ago
_____ do much of the actual work to prepare for cases and are heavily relied upon by lawyers and law firms.
olganol [36]
The correct answer is A) Paralegals. Hope this helps.
4 0
3 years ago
Which of these factors would strengthen demand for a nation’s currency on the international market? Select all that apply.
-BARSIC- [3]

Answer:

B C D F

Explanation:

3 0
3 years ago
Read 2 more answers
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