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4 years ago

Since commissions can lead to potential churning, value-based advisory fees are the best arrangement for an investor.

2 answers:

6 0

<span>Since commissions can lead to potential churning, value-based advisory fees are the best arrangement for an investor.

This statement is </span><span>True</span>

solong [7]4 years ago

5 0

I’m not to sure I would say true but I’m not sure

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During July at Loeb Corporation, $83,000 of raw materials were requisitioned from the storeroom for use in production. These raw

user100 [1]

Answer:

Debit to work in process for $79,000

Explanation:

The journal entry is shown below:

Work in process Dr $79,000

To Direct material $79,000

(Being requistion from the storeroom is recorded)

Here work in process is debited as it increased the assets and credited the direct material as it decreased the assets

Working note

Total material requisitions. = $ 83,000

Less : Indirect material. =. ($ 4000)

Direct material $79,000

3 0

3 years ago

19. Regarding alternate backup sites, which of the following is a low-cost site?

dlinn [17]

Answer:

The correct option is C

Explanation:

Cold site is one of the kind of the location of the business, which is usually worn or used for the proceeding of disaster as a backup while in the disruptive operational in the normal site of the business.

In short, it is stated as an office for the sites which needed or required backup because it have the required equipment, which will resume or direct the operations. But there is problem that it does not happen always or regularly.

So, the one which is a cost site that is very low is the cold site as it does not support the requirements of the quicker recovery.

7 0

3 years ago

Crimson Inc. recorded credit sales of $779,000, of which $560,000 is not yet due, $120,000 is past due for up to 180 days, and $

Lorico [155]

Answer: $47,200

Explanation:

Accounts receivable not yet due = $560,000

Bad Debts for accounts receivable not yet due:

= $560,000 × 0.01

= $5,600.

Accounts receivable due for up-to 180 days = $120,000

Bad Debts for accounts receivable due for up-to 180 days:

= $120,000 × 0.16

= $19,200.

Accounts receivable due for more than 180 days = $99,000

Bad Debts for accounts receivable due for more than 180 days:

= $99,000 × 0.20

= $19,800

Ending balance of Allowance account:

= Debit Balance of allowance account + $5,600 + $19,200 + $19,800

= $2,600 + $5,600 + $19,200 + $19,800

= $47,200

3 0

3 years ago

Explain and give an example the difference between an explicit cost and an implicit cost.

Amanda [17]

Answer:

Explicit costs are out-of-pocket costs for a firm

for example, payments for wages and salaries, rent, or materials. Implicit costs are the opportunity cost of resources already owned by the firm and used in business

for example, expanding a factory onto land already owned.

7 0

3 years ago

If the demand for a product was 16, 28, 20 and 24 units in four consecutive months, and the corresponding forecasts in those fou

Igoryamba

Answer:

5.5 units

Explanation:

Period Actual Forecast Absolute deviation

1 16 20 4

2 28 16 12

3 20 20 0

4 24 30 6

Total 22

Mean absolute deviation(MAD) = Sum of absolute deviation / Number of periods

Mean absolute deviation(MAD) = 22 / 4

Mean absolute deviation(MAD) = 5.5 units

5 0

3 years ago