Answer:
Ending inventory= $119,000
Explanation:
Giving the following information:
Sales (net) $1,450,000
Estimated gross profit rate of 42%
Beginning merchandise inventory $100,000
Purchases (net) 860,000
Merchandise available for sale $960,000
Cost of goods sold= 1,450,000*0.58= 841,000
Ending inventory= 960,000 - 841,000= 119,000
Answer:
When the federal government spends more money than it receives in taxes in a ... spending over time in nominal dollars is misleading because it does not take ... defense spending as a share of GDP has generally declined since the 1960s, ... Healthcare expenditures include both payments for senior citizens (Medicare), ...
Explanation:
The answer could be any of these. This is not a fair question.
I believe that question is trying to get you to lean towards answer C because theoretically your family would know your character better than a bank might.
Answer:
A. An update of the Fair value adjustment account
D. The amount of the unrealized holding gain or loss that has occurred since the end of the prior accounting period
Explanation:
The value of an equity investment that lacks significant influence is adjusted at the end of each accounting period against an unrealized gain/loss account.
When the equity investment is sold, the unrealized gain/loss account will become realized depending on the sales value. Before any final gain or loss is realized, an adjustment must be made to the investment's Fair value adjustment account.
E.g if the investment X's balance account was $510,000 and its fair market value was $550,000, we would first need to adjust the fair value:
Dr Fair value adjustment of investment X 40,000
Cr Unrealized holding gain 40,000
True, intermediaries add costs to products, but they also add such as convenience and assortment.
<h3>What are financial intermediaries ?</h3>
In every financial transaction, financial intermediaries operate as a middleman between two parties. A good illustration would be a bank, which performs a variety of functions, including acting as a go-between for lenders and borrowers and gathering cash for investments.
Banks and other financial intermediaries make it possible for capital to pass hands in a particular transaction. Typically, both the customer and the business pay a price for this. Physical storage and shipment require a lot of resources and time, adding to the transaction's expenses.
Hence, True is an appropriate response.
To learn more about financial intermediaries
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