Answer: The correct answer is "c. The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory.".
Explanation: Process Costing is a special accounting method to identify and accumulate direct costs and prorate indirect costs of the same manufacturing process.
The statement "The FIFO method computes equivalent units based only on production activity in the current period, ignoring the percentage of completion in beginning Work in Process inventory." is the most accurate.
The barter system is a form of trading in which goods are exchanged directly for other goods without the use of money or as an intermediary, without a medium of exchange. The invention of money supplemented the barter system by providing a nonperishable medium of exchange.
<h2>Grants are typically needs-based while scholarships are typically merit-based.
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Explanation:
Option 1:
This is invalid because grands are usually need based and scholarships are usually merit-based.
Option 2:
This is the right answer.
Grants are often given considering the family background in terms of financial situation.
Merit-based are often based on GPA that the student secure
Option 3:
This stands invalid because you need not write any essay.
Option 4:
This is also invalid because both Federal and state governments offer both Grants and merit-based scholarships.
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If the Fed mailed everyone a $1,000, the effect would be a <u>rise in prices, </u>output, and income.
<h3 /><h3>What happens when money is injected into the economy?</h3>
The Equation of exchange is:
<em>Money supply x Velocity of money = Price level x Quantity of goods and services produced </em>
If the Money supply increases like it will when $1,000 is sent by the Fed to people, the velocity will also rise as people purchase more goods and services.
The Price level and the Quantity produced on the right side of the equation would also have to rise to match the left side. So prices would rise, and so would output.
Find out more on the equation of exchange at brainly.com/question/10110078.
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