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3 years ago

What are the features of banking and non banking financial institutions

Business

1 answer:

Dmitry_Shevchenko [17]3 years ago

5 0

Well this may not be me answering it but this guy is a lot of help tho

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The following are all examples of abnormal items disclosed by the company, except: (4 points) A) Goodwill Impairment Charges B)

kari74 [83]

Answer:

Correct Answer:

B) Royalty Expense

Explanation:

A royalty is a payment made by one party, franchisee to another that owns a particular asset, franchisor for the right to ongoing use of that asset. The expenses incurred in executing this payment is called royalty expenses.

7 0

3 years ago

What leadership approach is considered the most dominant among the styles and why?

Lana71 [14]

Answer:

Democratic leadership approach

Explanation:

Democratic leadership, often recognized as participatory leadership, is a form of management style wherein team members play a much more participatory position in the procedure of making business decisions.

The option to engage is provided to all in such a framework, ideas are openly shared and conversation is promoted. Because the democratic process focuses solely on the equal rights of groups as well as the unlimited flow of information, the team leader is only there to provide advice and influence.

Such style of leadership will extend from private companies to schooling to the government to any entity. That's why it is considered to be most dominating.

4 0

4 years ago

Moira Company has just finished its first year of operations and must decide which method to use for adjusting inventory account

Scrat [10]

Answer:

The Cost of good sold will decrease by 10,000

The other accounts balance will be the same.

Missing Information:

Ending balances in the relevant accounts were:

Work-in-Process 40,000

Finished Goods 80,000

Cost of Goods Sold 680,000

Explanation:

The company applied overhead for the amount of 435,000

This was charged into finished good which latter become cost of goods sold.

Then, as the actual overhead was 425,000 we have to adjust for the over-applied overehad. We applied more than it cost so we have to reduce it.

435,000 - 425,000 = 10,000

We will decrease our COGS against the factory overhead account.

COGS 10,000 debit

factory overhead 10,000 credit

8 0

3 years ago

Which one of the following groups of accounts only have debit balances

scoray [572]

Answer: b. Sales Returns, Wages, Machinery, Discount Allowed

Explanation:

Sales returns reduce the sales made. Sales are put on the credit side so transactions that will reduce sales such as sales returns would have to go on the debit side.

Wages are an expense and expenses are debited to show they are increasing so they have a debit balance.

Machinery is an asset and assets have debit balances.

Discount allowed reduces the sales balance and as mentioned above, transactions that reduce sales go on the debit side so this has a debit balance as well.

4 0

3 years ago

You are planning a store on a large lot. Your budget only allows for 800 linear feet of walls. What is the maximum square

Galina-37 [17]

Answer:

The correct solution is "40,000 sq/ft".

Explanation:

The given value is:

Feet of walls

= 800 ft

Sides,

= 4