Answer:
wut is this
Explanation:
financial acc practice ex 1
Answer:
True
Explanation:
This statement is quite reasonable that most disgruntled guests complain but this is not entirely fair as some disgruntled guests do not even complain.
A satisfied guest is one who wishes for something and sets a price for it. Sometimes guests do not complain even when one of these two is fulfilled.
Answer:
b. the US Dollar
Explanation:
The Bretton Woods Agreement was done in July 1944. It had delegates from 44 countries. The conference held in Bretton Woods, which is in New Hampshire. Hence it got the name, the Bretton Woods Agreement.
Under this system, gold was used as an exchange basis for the United States currency and the currency of other countries were pegged to the value of the dollar of the United States. The Bretton Woods System finally came to an end during the early 1970s as the President Richard M. Nixon made an announcement that their would be no more gold exchange for the US dollars.
Answer: $210
Explanation:
When using the First In First Out (FIFO) method of Inventory Valuation, the company sells the goods that it acquired earliest first and then sells the goods acquired later last.
This company sold 30 units on August 15.
That would mean that using FIFO, the company sold all of its August opening inventory of 15 units. It also sold all 10 units purchased on August 5th and then sold 5 units from the August 12th purchase of 20 units.
= 15 + 10 + 5
= 30 units
This means that the only units left are;
= 20 - 5
= 15 units of the August 12th purchase are left.
Units cost $14 each.
Value of Inventory after sale = 15 units * 14
= $210
