if you take an assessment that me sure your behavioral characteristics in certain situations which inventory are you taking ?

Financial statements with data for two or more successive accounting periods placed in columns side by side, sometimes with chan

RideAnS [48]

The above is referred as Comparative statements. A comparative statement is an archive that contrasts a specific budgetary proclamation and earlier period articulations or with the same monetary report produced by another organization. Examiner and business supervisors utilize the wage explanation, monetary record and income proclamation for relative purposes.

6 0

3 years ago

Sands Company purchased mining rights for $500,000.

Ivanshal [37]

Answer:

b) a debit to Depletion Expense for $175,000

Explanation:

The computation of the depletion expense is shown below:

Depletion expense = (Purchase of mining rights × current year mined tons of ore) ÷ (expected harvested tons of ore)

= ($500,000 × 350,000 tons) ÷ (1,000,000 tons)

= $175,000

So the journal entry would be

Depletion Expense A/c Dr $175,000

To Accumulated Depletion A/c $175,000

(Being the depletion expense is recorded)

5 0

3 years ago

1. What are some considerations in choosing a financial institution? Which one do you think would be the most important consider

Greeley [361]

1. In choosing a financial institution you must consider how frequently the bank responds, how long they operate on the weekends, the notary services they are offering, the loans you can get and their financial strength among others. The most important factor to consider would be the institution's financial strength since you must only put your trust in institutions with high strength.

2. One good thing about the U.S. savings bonds is their security and the fact that the investments that you will make in these bonds will not cost you any form of state or local taxes. Cons would include its complexity though as it can get hard for you to identify when the bonds will mature, their interest rates, when to know how to cash them, and their current value.

3. If you put your trust in the so-called "problematic" financial institutions, you are basically gambling your money away. First of all, as mentioned earlier, you must only put your trust in banks with a healthy financial strength since problematic ones will be unreliable and unsafe. Trusting them can lead to your money being stolen or you can also be bombarded with additional fees.

4. The state and local government have laws that will protect the consumer from unfair practices or frauds. As an individual, you can add more security to protect yourself and your money. This protection includes setting up alerts on your bank account, adding a two-step verification on your emails so no one can access it easily, as well as avoiding calling lists.

5. One major advantage is that the Federal Deposit Insurance Corporation has a $100,000 guarantee per institution so your investment won't be totally gone during unfortunate circumstances. The disadvantage, on the other hand, is that the interest rates on federally-insured accounts are below the inflation rate so you can expect a decrease in the value of your money over time.

3 0

3 years ago

Which financial conflict of interest information must be made available by institutions on a public website or within five busin

Virty [35]

Answer:

The financial conflicts of interest which is available is of key or senior personnel on projects of the PHS-funded.

Explanation:

Financial conflicts of interest are present when the Significant Financial Interest affect directly or could affect, the professional judgement of the researcher when reporting, designing or conducting research.

Therefore, the information that could be provided or available by the institutions on the public websites or within the 5 days upon requesting is the senior or the key personnel PHS funded (which grants and the cooperative agreements funded by the PHS awarding) projects.

6 0

3 years ago

In the RST partnership, Ron's capital is $80,000, Stella's is $75,000, and Tiffany's is $50,000. They share income in a 3:2:1 ra

uysha [10]

Answer:

C. Stella, Capital will be debited for $4,000.

Explanation:

As for the provided information, we have,

Out of all the partner's Tiffany is retiring.

Tiffany's capital balance = $50,000

On his retirement he is paid $60,000

Since no goodwill is recorded, the excess amount paid over capital = $60,000 - $50,000 = $10,000, will be debited in remaining partner's ratio.

Ron's share in these $10,000 = $10,000 $\times$ 3/(3+2) = $6,000

Stella's share = $10,000 $\times$ 2/(2+3) = $4,000

Thus, Correct answer is debiting Ron's capital by $6,000 and Stella's capital by $4,000

3 0

3 years ago