Answer;
The above statement is true;
<span>To protect consumers, the SEC requires brokers and dealers to reveal information about securities.
Explanation;
The objective of the SEC (securities and Exchange Commission) is to protect investors, maintain fair, orderly, and efficient markets, and facilitate capital formation. they also protect consumers by requiring brokers and dealers to reveal information about securities. </span>
Answer:
Ending inventory as at Oct 15 : $348
Explanation:
The FIFO (First-In-First-Out) method of inventory valuation is whereby the stock that enters first into inventory is the one that is sold or used first. In other words, the oldest stock is used first. This is common for inventory consisting of perishables such as vegetables, which will be wasted if not used soon.
Oct 1 : Beginning inventory : 40 units x $12.50 = $500
Oct 5 : Purchases : 26 units x $13.50 = $351
Oct 12 : 36 units x $14.50 = $522
Oct 15 : Sales : 78 units. This consists of:
40 units x $12.50 = $500
26 units x $13.50 = $351
12 units x $14.50 = $174
Hence, Cost of Goods sold is : $500 + $351 + $174 = $1025
Ending inventory is (36-12) x $14.50 = $348
Money is deducted from your paycheck before taxes are taken out.
Answer: Option A
<u>Explanation:</u>
The major advantage of the tax investing is making a contribution to a retirement account before pre-tax. The money as to be deducted from before taxes are taken out.
The more popular as workers started to take control of their own retirement savings, the investing retirement account offers individuals an opportunity to save for retirement in a tax advantages account. For example, the government allows taxable income to be reduced by the amount of the contribution to a retirement plan.
Answer:
Account payable days = 82.74 days
Explanation:
<em>The payable days is the average length of time it takes for a business to settle its account payable.</em>
it is calculated as follows:
Account payable days = average account payable/ cost of goods sold× 365 days
= 15,486/68314× 365 days= 82.7413
It will take Heritage about 82.74 days to settle its account payable.
=
Answer:
$84
Explanation:
The computation of each unit of the company's inventory under absorption costing is shown below:
= Direct material used + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
= $12 + $18 + $25 + $29
= $84
We simply added the first four-unit cost through which total unit cost would come
All other information which is given is not relevant. Hence, ignored it
