Provide information such as the name address date of birth and social security number verify the account provide identification deposit at least the minimum balance sign an authorization card
<span>This office manages the country's money. The budget is important because all of the government programs are given a certain amount of money in it. It must be followed so we have enough money to do what is needed in this country. Welfare, security and other important programs are in the budget.</span>
Answer:
$550,000
Explanation:
Based on the information given the OPPORTUNITY COST OF RUNNING THE HARDWARE STORE will be $550,000 ($500,000+$50,000), which include the amount of $500,000 which is the cost of renting the store as well as to the cost to buy the stock while the $50,000 is her salary as an Accountant, reason been that she would QUIT HER JOB as an accountant in order for her to run the store.
Therefore the OPPORTUNITY COST will be $550,000
Answer:
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Answer:
A. True.
Explanation:
Companies can and often do use different costing methods for financial reporting and tax reporting. The only exception is when LIFO is used for tax reporting; in this case the IRS requires that it also be used in financial statements.
LIFO assigns the highest amount to cost of goods sold - yielding the lowest gross profits and net income , which also yields a temporary tax advantage by postponing payment of some income tax.
