Answer:
Most likely counterfeit
Explanation:
A genuine Burberry bag has better material used, which is not the case with the bag in the picture. Also, the horseman print is never put on the signature checked print - it is always placed next to the name "Burberry London". Also, that logo is obsolete today, as Burberry replaced their signature Burberry logo with a more generic, bold font logo.
Brenda is not correct because the total value of her assets could be less than the liabilities.
<h3>
What are liabilities?</h3>
A liability is an obligation that a person or business has, typically financial in nature. Over time, liabilities are resolved by the transmission of economic advantages like cash, products, or services.
Liabilities on the balance sheet's right side are represented by debts like as loans, accounts payable, mortgages, deferred revenue, bonds, warranties, and accumulated costs.
Assets can be contrasted with liabilities. Assets are items you own or owe money to, whereas liabilities are debts or other obligations.
An obligation between two parties that has not yet been fulfilled or paid for is generally referred to as a liability.
Learn more about liabilities
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Answer:
a. $230,000
b. $690,000
c. $710,000
Explanation:
The computation is shown below:
a. Cost of direct material used = Beginning balance of raw material + purchase made - ending balance of raw material
= $140,000 + $220,000 - $130,000
= $230,000
b. Total manufacturing cost
Total manufacturing cost = cost of direct materials used + direct labor cost + overhead cost
= $230,000 + $150,000 + $310,000
= $690,000
c. Cost of goods manufactured
Cost of goods manufactured = Beginning balance of Work in process + Manufacturing cost - Ending balance of Work in process
= $90,000 + $690,000 - $70,000
= $710,000
Answer:
e. any risk that affects a large number of assets.
Explanation:
The systematic risk is the risk which is involved in the whole market or part of the market.
It is also known as non-diversifiable risk or market risk as it affects the overall market not a single stock or market
As it is a market risk so It cannot be avoided as it is unpredictable.
Thus all other options are wrong
