Answer:
<u>The correct answer is that the cost of the ending inventory using the retail inventory method is US$ 100,962</u>
Explanation:
Wall-to-Wall Records
Cost Retail
Beginning Inventory $ 48,000 $ 70,000
Purchases $ 210,000 $ 390,000
Cost of Goods Available for Sale $ 258,000 $ 460,000
Cost to Retail Ratio
= $ 258,000 ÷ $ 460,000
= 0.5609 = 56.09%
Cost Retail
Cost of Goods Available for Sale $ 258,000 $ 460,000
− Sales $ 280,000
Ending Inventory $ 180,000
× Cost to Retail Ratio 0.5609
<u>Ending Inventory $ 100,962 </u>
Answer:
a. liable for negligence or mismanagement.
Explanation:
Given that,
The cost of the improper loans = $100,000
Since the director of the Super Service Station Corporation does not attend a board meeting for three years plus the president Twyla had done the improper loans that reflect the mismanagement as without knowing the credit history of the people how it could make the loans.
Moreover, there is no guarantee of returning the money so he is totally liable for his negligence or mismanagement
Answer:
10.14
Explanation:
Velocity of money measures the rate at which money changes hands or is exchanged in an economy.
Velocity = (Price × aggreagrate income) / money supply
(1.69 × $15000) / $2500 = 10.14
Answer:
Fraud.
Explanation:
Fraud is defined as intentional misrepresentation aimed at gaining unlawful advantage or to deprive a victim of a legal right.
In civil law the victim can file for recovery of money, while in criminal law the fraud perpetrator may be committed to prison.
Lipstik intentionally mislabels its packaged products to conceal a defect, and gains unfair advantage by selling these defective goods to customers. Mikayla buys the lipstick based on the misrepresented information on the label and gets injured.
The answer is b. In a table that is provided
