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Pani-rosa [81]
3 years ago
5

Match the method of exchanging information with its description

Business
1 answer:
saveliy_v [14]3 years ago
4 0

Answer:

Exchange of common capability information of wireless communication terminals is improved by taking in account also capabilities of any adjacent external device(s) (e.g. PC or laptop) of an end-user. A wireless terminal transfers (14) capability information of its own, and that of a remote wireless terminal and a remote external device to an adjacent external device (e.g. PC or laptop) of the end-user. The external data device determines (15), based on the received application capability information, its own application capabilities which match with the application capabilities indicated by the received application capability information, and presents (16) the matching application capabilities to the end-user. Thus, the communication parties are enabled to see and use application capabilities of their wireless communication terminals and adjacent external devices, e.g. during circuit-switched or packet-switched one-to-one call.

Classifications

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BE6-5 In its first month of operation, Hoffman Company purchased 100 units of inventory for $6, then 200 units for $7, and final
QveST [7]

Answer:

Compute the amount of phantom profit that would result if the company used FIFO rather than LIFO.

  • If the company used FIFO instead of LIFO, their profits would increase by $1,960 - $1,720 = $240 because their COGS would be lower.

Explain why this amount is referred to as phantom profit.

  • Phantom profit basically refers to the profit that the company could have made using a different accounting method.

Identify the impact of LIFO versus FIFO.

  • LIFO increases COGS by $240, reducing gross profits by the same amount.

Explanation:

                             units           price            total

purchase               100              $6              $600

purchase               200             $7              $1,400

purchase               140              $8              $1,120

total                       440                                $3,120

ending inventory  180                            

        using LIFO                                         $1,160

        using FIFO                                         $1,400

COGS using LIFO = $3,120 - $1,160 = $1,960

COGS using FIFO = $3,120 - $1,400 = $1,720

If the company used FIFO instead of LIFO, their profits would increase by $1,960 - $1,720 = $240 because their COGS would be lower.

6 0
3 years ago
Recovery of Previously Written Off A/R
zhenek [66]

Answer and Explanation:

The journal entries are shown below

On Sep 10

Account receivable - king $200

            To Bad debt expense $200

(Being the reinstate previously written off account receivable is recorded)

Here account receivable is debited as it increased the assets and credited the bad debt expense as it decreased the expenses

On Sep 10

Cash Dr $200

    To Account receivable - king $200

(Being cash collection is recorded)

Here the cash is debited as it increased the assets and account receivable is credited as it decreased the assets

5 0
3 years ago
Minette Company reported net income of $200,000 for the year ended December 31, 2022. During the year, inventories decreased by
musickatia [10]

Answer:

b. $210000.

Explanation:

Calculation for Net cash provided by operating activities in 2022

Using this formula

Net cash=Net income+Inventories- Account payable+ Depreciation expense -Gain on disposal

Let plug in the formula

Net cash=$200,000 + $40,000 − $60,000 + $45,000 −$15,000

Net cash = $210,000

Therefore the Net cash provided by operating activities in 2022 will be $210,000

6 0
3 years ago
Which is the branch of the US Treasury Department that collects taxes?
romanna [79]
The answer to your question is IRS
6 0
4 years ago
Sally, Greg, Juan, and Amar are working on a project for a customer that is aimed at cutting the client's electrical costs. The
creativ13 [48]

Answer: Option A

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In the given case, all the four individuals are working for cutting clients cost and are operating through electronic mediums.

Hence from the above we can conclude that the correct option is A.

3 0
3 years ago
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