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Tresset [83]
3 years ago
13

Difference between budget account and revolving account and also a regular account

Business
1 answer:
den301095 [7]3 years ago
4 0

Answer:

Oh's, wrong question.

Explanation:

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Whitney wants to become a cosmetologist. What academic requirements will she need to complete in order to find a job?
poizon [28]
She would need some science classes as for high school, but she would also need to go to beauty school and get her cosmologist license, and it also would depend on what she wants to do whether she wants to do hair or makeup or nails etc.
8 0
3 years ago
Read 2 more answers
Why does the federal reserve system have a high degree of political independence? it is divided into geographical districts. the
Anit [1.1K]

The answer is: the system is owned by the banks.

Even though the name contain the word 'federal' , the federal reserves are not entirely owned by the government.  Several banks owned percentage of ownership to the federal reserve. Government officials only acted as the Board of Directors, not the owner. Because of this dis attachment, the federal reserve could had high degree of political independence

5 0
3 years ago
An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be mai
VARVARA [1.3K]

Complete Question:

An inventory system is a set of policies and controls that monitors levels of inventory and determines what levels should be maintained, when stock should be replenished, and how large orders should be

Answer:

TRUE

Explanation:

The reason is that the inventory system includes the management of the inventory which includes the decision making related to:

How much to purchase?

What to purchase?

When to Purchase?

When to deliver raw materials and receive the finished goods from the production house?

It also involves the control system designed to control the flow of the inventory and policies in place to maintain and manage the inventory.

So the statement is true.

8 0
3 years ago
On June 1, Parson Assoc. sold equipment to Arleo and agreed to accept a 3-month, $55,000, 10% interest-bearing note in payment a
goldfiish [28.3K]

Answer:

Parson would recognize an interest revenue of $1375

Explanation:

The quoted interest rate on bond is the annual rate of interest. The bond is for 3 months which means that the interest revenue will be recorded for the 3 months period from June to August and the bond will mature on 31 August.

The interest revenue to be be recorded on this note is,

Interest Revenue = 55000 * 0.1 * 3/12   =  $1375

The entry to record the receipt of interest and face value will be,

Cash                              56375

    Interest revenue               1375

    Bonds Receivable            55000

6 0
3 years ago
Knowledge Check 01 Otis Corp. uses a periodic system and the FIFO method. Otis had beginning inventory of 30 units purchased at
konstantin123 [22]

Answer:

$840

Explanation:

Data provided in the question:

Beginning inventory = 30 units      @ $120 each

Purchases during the year:

Jan. 15:  34 units at $110

May 30: 61 units at $84

Oct. 20: 160 units at $60

Sales during the year totaled 271 units

Now,

Total inventory before selling = 30 + 34 + 61 + 160 = 285

Inventory left after selling 271 units = 285 - 271 = 14 units

Now,

Under the FIFO method, the units purchased first will be sold first

Therefore,

The price of units left inventory will the price of units purchased last i.e $60

Hence,

The cost of ending inventory = 14 × $60

= $840

6 0
3 years ago
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