All categories

3 years ago

Scenario #1

1 answer:

3 0

I will use a debit card because my parents add my allowance to my checking account. Other possible payment decisions I can make are to use a check.

You might be interested in

Which of the following companies is an example of a manufacturer? a. H&R Block b. Best Buy c. Intel d. Trism e. Walmart

Otrada [13]

Answer: Intel.

Explanation:

A manufacturer is a company that makes finished or semi-finished goods for sale from raw materials. Intel produces various chips and microprocessors used in making most computers in the market.

7 0

3 years ago

The SBA is a source of assistance that provides small businesses with the following

Colt1911 [192]

Answer:

government contracting
advocacy
entrepreneurial development
access to capital

Explanation:

SBA is a US government agency whose core mandate is to support the growth of small businesses. The Small Business Association(SBA), promotes economic growth by providing useful resources and information to help them start and develop small businesses.

The SBA supports the advancement of small businesses in the following ways.

Education and training,
Providing information and links to affordable credit
Connecting to government contracts
Offering business advise

7 0

3 years ago

The lower of cost or market approach is Blank______ for companies that use Blank______. Multiple choice question. required under

LenaWriter [7]

The lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.

<h3>What is market approach?</h3>

The market approach is a method of evaluating an asset's worth based on the selling price of comparable assets.
Along with the cost technique and discounted cash-flow analysis, it is one of three main valuation methodologies (DCF).

Companies that use LIFO or retail inventory are obligated by GAAP to use the lower cost or market method.
A realtor, for example, can gather information on comparable real estate sales in close vicinity to a client's property and modify those values to account for differences in land area and building square footage to arrive at a market-based valuation for the targeted property.

Therefore, the lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.

Know more about the market approach here:

brainly.com/question/8084221

#SPJ4

The complete question is given below:

The lower cost or market approach is _____ for companies that use _____.

a. optional under GAAP; LIFO or the retail inventory

b. optional under GAAP; any method of inventory valuation

c. required under GAAP; LIFO or the retail inventory

d. required under GAAP; any method of inventory valuation

7 0

1 year ago

A Nasdaq-listed stock currently shows an inside market of 15.50 - 15.75, 10 x 10. A broker-dealer that is not a market maker in

tresset_1 [31]

Answer:

cross trade

Explanation:

In simple words, A cross trade can be understood as a transaction when purchase and sell requests for the identical instrument are balanced alone without transaction being recorded on the market. Whenever a stockbroker performs matching buy and sell transactions for about the exact securities across several customer accounts plus reports these on an interchange, this is known like a cross transaction.

8 0

3 years ago

Nebraska Company uses the weighted-average method in its process costing system. The first processing department, the Welding De

vfiekz [6]

Answer:

Cost per equivalent unit for conversion costs for the month = $8.262

Explanation:

The weighted average cost of valuation does not separate the opening inventory from the units newly introduced when accounting for completed units in a production period.

To determine the cost per equivalent units using Weighted Average Method, follow the steps below:

<em>Step 1: Determine the equivalent Unit</em>

Completed units = 25000+ 97000- 28000 = 94000

Workings Equiva. Units

Completed units 94000 (94000 *100%) = 94,000

Closing WIP 28000 (28,000 * 10%) = 2,800

Total Equivalent units 96,800.00

<em>Step 2 : calculate total conversion cost </em>

= 51820+747970= 799,790.00

<em />

<em>Step 3 = Cost per Equivalent unit per conversion cost</em>

Cost per unit = Total conversion cost/total Equivalent units

= 799,790.00 / 96,800.00

= $8.262

Cost per equivalent unit for conversion costs for the month = $8.262

7 0

3 years ago