Answer:
The correct answer is letter "D": Prevents overstatement of the value of obsolete or damaged inventories.
Explanation:
The lower-of-cost-or-market method values assets according to the lowest value possible choosing between the market value or the asset's historical cost. This accounting principle is useful to avoid exaggerating the value of obsolete or damaged assets the firm might have in stock.
Answer:In iOS, typically, apps store their data in a folder named Documents , that is saved in a location next to where the app itself is installed (†). It is important to note that you do not need a jailbroken phone to access this folder.
Explanation:
Answer:
$1,140,000
Explanation:
AS AT December 2018, the market price ended at 30 USD Which is 10 USD above pre established price on the 114,000 SARs
thus compensation for the year ended 2018 will be 10 x 114,000
Answer:
During a recession business investment in new capital goods and consumer spending on new durable goods can be postponed
Explanation:
The business cycle are simply cycles or series of cycles of economic expansion and contraction.
An Economic expansion is simply defined as an increase in the level of economic activity, goods and services available. It is a period of economic growth usually measured by a rise in real GDP.
Economic growth
Economic growth is an increase in the capacity of an economy to produce goods and services, usuallycompared from one period of time to another time.
The four phases of the business cycle are;
1. Peak
2.Recession
3. Trough
4. Expansion
The length of a complete cycle usually varies from 2-3 years to 15 years.
Answer:
Sue will have more money than Neal as long as they retire at the same time
Explanation:
Both Neal and Sue invest the same amount ($5,000) at same interest rate (7%). In the compound interest rate formula only the time is differ. When they retire at age 60, Sue has 5 years more than Neal meaning Sue earn more interest than Neal.
