Answer:
Option (b) is correct.
Explanation:
Given that,
During March, office supplies purchased on account = $5,000
On March 1, the balance in the supplies account = $350
On March 31, supplies on hand = $310
Therefore,
$310 should appear on the company's March 31 balance sheet as Supplies.
Company's March income statement as Supplies Expense:
= Supplies, as on March 1 + Purchases - Supplies, as on March 31
= $350 + $5,000 - $310
= $5,040
Claudia's job involves statistical process control.
This means that she will take a couple of random samples to check the quality of the goods, and that statistic will be applied to the whole bunch of products in general. If changes have to be made to improve the quality, she is the one who will do it as well.
Answer:
e. Company Heidee has a higher ROE than Company Leaudy.
Explanation:
Return on equity measures how well the management of a business uses owner's equity to get returns. It is calculated by dividing net income by owner's equity.
That is
ROE= Net Income ÷ Owner's equity
Considering the accounting equation
Asset= Liability + Owner equity
Owner equity= Asset - Liability
From the equation when a company that take on more debt owner's equity will reduce.
The effect of reduction in owner's equity on Return on Equity is that it will increase the ratio, since owner's equity is the denominator.
In this scenario both companies have the same profit margin so if company Heidee has higher debt ratio it follows that it also has a higher ROE than Company Leaudy
Answer:
I believe the answer is credit history, please let me know if I am wrong.
Explanation:
"'A credit score is a number lenders use to help them decide how likely it is that they will be repaid on time if they give a person a loan or a credit card.'' Your personal credit score is built on your credit history.'' Your FICO® Score☉ ranges from 300 to 850."
Answer: Option C - It is important for the Fed to maintain it's independence.
Explanation:
We will note that Obama met with Janet Yellen in march/april 2016 when he was still president and they discussed about different things like: the near and long-term growth outlook, the state of the labor market, inequality, and potential risks to the economy, both in the United States and globally.
However, they didn't discuss anything on monetary policy and interest rates. This was not because they didn't have enough time because they talked about so many things like i stated above.
It was also not because the president doesn't set interest rates as we all know it's the duty of the federal reserves to do that and also Yellen wasn't meeting obama for him to set interest rates. Also, it couldn't be because the federal reserve isn't a government organization because it is one.
So the only correct option would be that he didn't want to interfere or put pressure on Yellen and the federal reserves because they are meant to be independent.
