Answer:
c. Ending Balance = Previous Balance + Deposits - Withdrawals
Explanation:
Deposits are every cash transaction that increase your bank balance, and withdrawals are expenses that decrease your bank balance. Hence the closing / ending balance any day would be the difference of deposits and withdrawals, with opening balance in summation.
Answer:
c. generates income
Explanation:
International trade for a country refers to exchange of goods and services beyond geographical boundaries. In short international trade refers to the business due to import and export of goods.
For example, one nation might specialize in the production of cocoa while another nation is rich in oil wells or oil reserves. The two nations can trade such resources and eliminate scarcity or abundance.
International trade leads to increased competition in the domestic market since now the producers are compelled to adhere to meet international quality standards for their products.
So, International trade generally c. generates income.
When costs to purchase inventory are rising, using LIFO leads to reporting <u>lower</u> cost of goods sold and <u>higher </u>net income than FIFO.
<h3>LIFO and FIFO</h3>
LIFO means last in last out while FIFO represent first in first out. In a situation were price of goods and service are falling using LIFO tend to assume that the newer and less expensive inventory is sold out first.
This tend to lead to lower cost of goods sold and higher net income.
Inconclusion when costs to purchase inventory are rising, using LIFO leads to reporting <u>lower</u> cost of goods sold and <u>higher </u>net income than FIFO.
Learn more about LIFO and FIFO here:brainly.com/question/24938626
Answer:
Because. . . .
Explanation:
<em>In other words, a lender checks your credit and income before approving you to borrow money. So if you have limited or poor credit, you may need a cosigner to receive private student loans. ... A cosigner can help you get approved for a loan and get a lower interest rate.</em>