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ICE Princess25 [194]
2 years ago
6

Frisco Company's Merchandise Inventory account at year-end has a balance of $62,115, but a physical count reveals that only $61,

900 of inventory exists. The adjusting entry to record this $215 of inventory shrinkage is: Multiple Choice'
Business
1 answer:
Lisa [10]2 years ago
4 0

Answer:

Increase on cost of goods sold by $215, decrease in merchandize by $215.

Explanation:

With regards to the above information, the cost of goods sold will increase by $215, while the merchandize value would also decrease by $215.

Here, the books will be even out so that it would show there was a shrinkage at year end and beyond that which was purchased to have taken place.

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The fed increases the quantity of money. in the short run, the quantity of money demanded ______ and the nominal interest rate _
Nimfa-mama [501]

The quantity of money demanded <u>increases</u> and the nominal interest rate <u>falls.</u>

In the short run, if the Fed(Federal Reserve) increases the quantity of money, the quantity of money demanded will increase and the nominal interest rate falls.  

The quantity of the money supplied and the nominal interest rates has an inverse relation. That is, when there is a huge supply of money in a short-term, it will cause an increase in the nominal interest rate.

The nominal interest rate refers to the interest rate before adjusting to inflation or price-hike. It balances the supply and demand of money.

So when there is an increase in the supply of money ,there will be the resulting increase in the demand of money too. The total money that the population wants to hold is referred as the money demanded.

Learn more about Fed( US Federal Reserve) at brainly.com/question/25843620

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8 0
1 year ago
Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:
Zanzabum
<span>Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called: </span>Cumulative preferred stock
In cumulative preferred stocks, the amount of dividend usually given on a fixed-rate annually. But, it shall always be set aside before calculating the dividend for the common stock and the amount will be accrued for the next period if the dividend is not paid on current period.
6 0
3 years ago
Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowe
UNO [17]

Answer:

Since 2019, the deduction limit for interest expense deductions on qualified higher education loans is $2,500. In order to qualify for this deduction, the taxpayer's adjusted AGI must be less than $85,000 for single filers (Lionel's income is below the threshold).

So Lionel will be able to deduct $1,650 as interest expense (above the line deduction).

Lionel can also deduct $2,500 form the American Opportunity Tax Credit for higher education expenses.

7 0
2 years ago
The _____ was established by Congress to encourage American firms to focus on quality improvement in order to improve their glob
V125BC [204]

Answer:

The correct answer is: Baldridge Performance Excellence Program.

Explanation:

To begin with, the <em>"Baldridge Performance Excellence Program"</em> is the name given to the program that was established by the United States of America in order to encourage the companies of the country to improve their performance regarding the economy and the globalization that was happening at the time the program was created. It receives its name from the ex secretary of commerce Malcom Baldridge and the award gives to the company selected the recognition of having performance excellence in the its field  

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3 years ago
Evaluates the difference between leadership and board governance in establishing strategic planning for a health care organizati
hodyreva [135]

This white paper evaluates the difference between leadership and board leadership in creating strategic plans for healthcare organizations.

Leadership and governance includes ensuring a strategic policy framework that combines effective oversight, partnership building, regulation, attention to system design and accountability.

The Board's role in strategic planning includes identifying priorities, setting goals and objectives, allocating resources, and allocating funds to support decisions that need to be made in relation to the strategic plan. increase. The board is also responsible for overseeing the execution of the strategic plan.

Successful leadership and management must scan, focus, coordinate/move rapidly, inspire, plan, organize, implement, measure and evaluate.

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2 years ago
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