Merchandise inventory includes: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) a) costs to purchase checked b) costs to sell unanswered shipping c) costs checked costs to prepare for sale checked d) cost of goods sold
Answers
Answer:
A and C are correct. Other two are incorrect
Explanation:
The items in warehouses, shops, and even those still in transit from suppliers are all included in the company's merchandise inventory.
Thus, Options A and C are correct.
What are the two justifications for inventory estimation?One person's labor serves as a check on another to thwart fraud and mistakes. A task's owner should be identified and given explicit responsibility. Keeping thorough records can assist prevent asset loss. Add the cost of goods sold and ending inventory from the prior period to get the beginning inventory cost at the beginning of an accounting period.
Subtract the quantity of inventory that was bought during that time from that total. The resultant figure represents the initial cost of inventory for the subsequent accounting period. If a newspaper seller uses a vehicle to deliver newspapers to customers, just the newspaper will be considered inventory. The vehicle will be regarded as an asset.
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Related Questions
Please answer the questions in the photo. Do not copy and paste from the internet.
Answers
2. Businesses that market goods and services can be classified based on the types of products or services they offer. Here are some common classifications:
The businesses that would market goods and servicesConsumer goods: These are goods that are bought and used by individuals for their personal use. Examples include clothing, food, electronics, and household items. Businesses that sell consumer goods are often referred to as retailers, and they can be further classified based on the types of products they sell (e.g. clothing retailers, grocery stores, electronics stores).
Business-to-business (B2B): These are businesses that sell products or services to other businesses rather than to consumers. Examples include suppliers of raw materials, manufacturers of components, and consulting firms. B2B businesses can also be classified based on the types of products or services they offer (e.g. IT services, logistics companies, marketing agencies).
Service businesses: These are businesses that provide services rather than physical goods. Examples include healthcare providers, hairdressers, financial advisors, and consulting firms. Service businesses can be further classified based on the types of services they provide (e.g. healthcare services, professional services, personal services).
There are several types of retail businesses, each with its own advantages and disadvantages. Here are some examples:
Brick-and-mortar stores: These are traditional physical stores that customers visit to make purchases. Brick-and-mortar stores offer the advantage of providing a tactile and personal shopping experience, but they also require significant overhead costs (e.g. rent, utilities, inventory management).
Online retailers: These are businesses that sell products exclusively online, often through e-commerce platforms like Amazon or Shopify. Online retailers offer the advantage of lower overhead costs and a wider potential customer base, but they also face fierce competition and the need to constantly optimize their digital marketing efforts.
Pop-up shops: These are temporary physical stores that are set up in a specific location for a limited time (e.g. a holiday season). Pop-up shops offer the advantage of providing a unique and time-limited shopping experience, but they also require significant planning and logistical coordination.
Franchise stores: These are retail stores that operate under the brand and business model of a larger franchise organization (e.g. McDonald's, 7-Eleven). Franchise stores offer the advantage of a proven business model and brand recognition, but they also require significant initial investment and ongoing franchise fees.
Ultimately, the type of retail business that would be most interesting to pursue depends on factors such as personal preferences, financial resources, and market opportunities. For example, someone who is passionate about fashion and has a limited budget might consider starting an online boutique, while someone who has significant financial resources and is interested in owning multiple locations might consider investing in a franchise business.
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What do researchers mean by "secondary data"?
OA. Data collected after any research to gather primary data
OB. Data considered less important than primary data
OC. Data collected specifically for the researcher's own study
OD. Information from research already conducted for another purpose
Answers
The statement do researchers mean by "secondary data" is: OD. Information from research already conducted for another purpose.
What is secondary data?Government papers, scholarly publications, surveys, databases and other previously done research are just a few examples of the sources from which secondary data may be derived.
To find answers to their own research questions or to obtain new insights into a particular area of interest, researchers analyse and interpret this current data. Researchers might avoid spending the time and money necessary for gathering primary data by employing secondary data instead.
Therefore the correct option is D.
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How is emotional intelligence related to motivation?
Answers
Answer:
Emotional intelligence means being self-motivated
Self-motivation relates to internal drive. Emotionally intelligent individuals understand the deeper meaning of their goals and the self-motivation skills required to achieve them.
Answer:
The results show that emotional intelligence is positively related to positive emotions and negatively related to negative emotions. Positive emotions positively predict both self-motivation towards physical education classes and resilience. Resilience positively predicts self-motivation.
Pls can someone answer quick they are multiple choice
2. Which one of the following is not a characteristic generally evaluated in analysing financial
statements?
(1 Point)
O Liquidity
O Profitability
O Marketability
O Solvency
3. Comparisons of financial data made within a company are called (1 Point)
O intracompany comparisons.
O interior comparisons
O intercompany comparisons
O intramural comparisons
Answers
Marketability, one of the following is not a characteristic generally evaluated in analyzing financial statements. Thus, option (c) is correct.
Comparisons of financial data made within a company are called intracompany comparisons. Thus, option (a) is correct.
What is company?The term company refers to the legal entities that are legally registered in accordance with the Company Act. Company is the main goal to earn higher profit, and they maintain the goodwill.
According to the financial statements, are the created with the help of the marketability of the product. There was the financial data are the company to the entry are the intracompany comparisons.
Therefore, option (c) and 2. (a) is correct.
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How does the Internet change consumer and supplier relationships?please add references
Topic Can Uber Be the Uber of Everything ?
Answers
The internet has expanded the reach of suppliers, allowing them to access global markets and connect with consumers worldwide.
What is Consumer?
A consumer, in the context of economics and marketing, refers to an individual or entity that purchases goods or services for personal or business use. Consumers are the end-users or customers of products or services offered by businesses, and they play a crucial role in driving demand in the market.
Disintermediation: The internet has enabled direct communication and transaction between consumers and suppliers, bypassing traditional intermediaries.
Increased access to information: The internet has made information readily available to consumers, allowing them to research, compare, and make informed decisions about products and services.
Enhanced consumer empowerment: The internet has given consumers a platform to voice their opinions, provide feedback, and interact with suppliers directly.
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Variable manufacturing costs are $150 per unit and fixed manufacturing costs are $75,000. Sales are estimated to be 6,000 units. How much would absorption costing income from operations differ between a plan to produce 6,000 units and a plan to produce 7,500 units?
Answers
Answer:
If 7,500 units are produced, income will increase by $2.5 per unit
Explanation:
Giving the following information:
Variable manufacturing costs are $150 per unit and fixed manufacturing costs are $75,000.
We need to determine the difference in income if 7,500 units are produced instead of 6,000.
The absorption costing method includes all costs related to production, both fixed and variable. The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
The difference is in the unitary fixed manufacturing overhead.
For 6,000 units:
unitary fixed manufacturing overhead= 75,000/6,000= $12.5
For 7,500 units:
unitary fixed manufacturing overhead= 75,000/7,500= $10
If 7,500 units are produced, income will increase by $2.5 per unit
In a perfectly competitive resource market the Marginal Revenue Product Curve is
A. HORIZONTAL (WRONG)
B. VERTICAL
C. DOWNWARD-SLOPING
D. UPWARD-SLOPING
Answers
In a perfectly competitive resource market, the Marginal Revenue Product Curve is downward sloping. The Option C is correct.
What is the marginal revenue curve in perfect competition?The marginal revenue curve is a curve that graphically represents the relation between the marginal revenue received by a perfectly competitive firm for selling its output and the quantity of output sold.
As a perfectly competitive firm is a price taker and faces a horizontal demand curve, its marginal revenue curve is also horizontal and coincides with its average revenue (and demand) curve. It also maximizes profit by producing the quantity of output found at the intersection of the marginal revenue curve and marginal cost curve.
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. A customer is suing the company for $800,000 in damages because her child was injured in November 2016 while riding an escalator that stopped suddenly in one of its stores. The child was hurt when he tripped and fell while walking “down” an escalator that was going “up.” Legal counsel feels that the child is partially at fault, but that it is probable that the lawsuit will be settled for between $50,000 and $100,000, with $80,000 being the most likely amount. 2. Fallon has discovered that a skateboard it began manufacturing and selling in 2016 has defective bearings, sometimes causing a wheel to fall off. Fallon has issued a “recall” notice in newspapers and magazines in which it offers to replace the bearings. It estimates a cost of $200,000 for these repairs. No lawsuits have been filed for injury claims, although the company feels that there is a reasonable possibility that claims may total as high as $2 million. 3. Fallon has an incinerator behind one of its retail outlets which is used to burn cardboard boxes received in shipments of inventory from suppliers. The state environmental protection agency filed suit against the company in August 2016 for air pollution. Fallon expects to stop using the incinerator and begin recycling. However, its lawyers believe that it is probable that a fine of between $40,000 and $60,000 will be levied against the company, although they cannot predict the exact amount. 4. In early 2016, Fallon signed a contract with a computer vendor to install “state of the art” cash registers in all of its retail outlets. Because of the vendor’s inability to acquire sufficient cash registers, the vendor canceled the contract. Fallon has filed a breach of contract suit against the vendor, claiming $300,000 in damages. The company’s lawyers expect that it will settle the suit “out of court” for $150,000.
Answers
Company F took its vendor to court. According to conservatism, estimated gain contingency cannot be recorded before it is earned. Both IFRS and GAAP apply to this principle.
What are IFRS and GAAP?The term "Generally Accepted Accounting Principles" refers to the United States' generally accepted standards for financial reporting. The acronym IFRS refers to a set of internationally accepted accounting standards that are utilized by the majority of nations worldwide.
The reason for IFRS is that elements have normal bookkeeping decides that permit fiscal summaries to be steady, solid, and tantamount between each business in any country.
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Further answer attached below:
A drawback of short-term contracting as an alternative to making a component in-house is that:_______.
a. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent.
b. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.
c. it fails to allow a long planning period that individual market transactions provide.
d. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality.
Answers
Answer:
D. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality.
Explanation:
A drawback of short-term contracting as an alternative to making a component in-house is that the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality.
The following citation is for a page on a Web site. Identify the error in the citation.
Answers
Utility refers to Multiple Choice the benefits or customer value received by users of the product. the fixed costs associated with the production of a single unit of a product within a product line. the variable costs associated with the production of a single unit of a product within a product line. the adaptability of a marketing program to adjust to changes in the marketing environment. the number of alternative uses or benefits that can be provided by a single product or service.
Answers
Answer:
A. the benefits or customer value received by users of the product.
Explanation:
Utility refers to the benefits or customer value received by users of the product. This ultimately implies that, any satisfaction or benefits a customer derives from the use of a product or service is generally referred to as a utility. These utilities can be classified into four (4) main categories and these are;
1. Time utility: this is associated with the benefit or customer value received by users of a particular product when needed or at the right time.
2. Form utility: it is the satisfaction or benefits a customer receives from the provision of alternatives or production of close substitutes.
3. Possession utility: it involves making goods and services readily available for customers to purchase or use.
4. Place utility: it involves making a good provision of outlets or shops where customers can easily find or come to when purchasing products.
On Mar 3, L. Lyons withdrew $100 for personal use. Use your knowledge of what a correct journal entry should look like to identify what would be included.
Answers
Answer:
L. Lyons Company
Correct Journal Entry
Debit L.Lyons, Drawings $100
Credit Cash $100
To record the cash withdrawn by L. Lyons for personal use.
Explanation:
When the owner, L. Lyons, withdraws cash for personal use, it reduces the owner's equity interest in the business. Cash as an asset is also reduced by the same amount. Therefore, the double entry should be a debit to the Owner's Capital account (here represented by Drawings) and a credit to the Cash account.
Assume that one year ago, you bought 340 shares of a mutual fund for $36 a share, you received a capital gain distribution of $0.55 per share during the past 12 months, and the market value of the fund is now $40 a share.
a. Calculate the total return for your $12,240 investment.
Answers
The total return on this mutual fund investment is $12,427.
Total return on investment refers to the total profit or loss on an investment, including any capital appreciation and dividends or distributions received.
Here's how to calculate the total return on a mutual fund investment:
Step 1: Calculate the total initial investment by multiplying the number of shares by the purchase price per share. For this investment, the total initial investment is: 340 shares x $36/share = $12,240.
Step 2: Add any capital gain distributions received during the investment period. In this case, the capital gain distribution per share is $0.55, so the total capital gain distribution received is: 340 shares x $0.55/share = $187.
Step 3: Calculate the current market value of the investment by multiplying the number of shares by the current market price per share.
In this case, the current market value is: 340 shares x $40/share = $13,600.
Step 4: Add any dividends or interest payments received during the investment period, if applicable.
If no dividends or interest payments were received, skip this step.
Step 5: Calculate the total return by adding the initial investment, capital gain distributions, and dividends or interest payments (if applicable), and then subtracting any fees or commissions paid during the investment period.
In this case, the total return is: $12,240 + $187 = $12,427.
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Which of the following are expectations for obtaining driving records? (Select all that apply) select the correct answer
Answers
Background checks and passing tests are expectations for obtaining driving records
How to obtain driving records?The process for obtaining driving records varies depending on the country or state in which you live. However, here are some general steps that you can take to obtain your driving record:
Determine which agency or department is responsible for maintaining driving records in your area. This could be the Department of Motor Vehicles (DMV) or another government agency.
Obtain the necessary forms or applications for requesting a copy of your driving record. These can often be found on the agency's website or obtained in person.
Fill out the forms or applications completely and accurately, providing any required information such as your driver's license number and personal identification.
Submit the completed forms or applications to the appropriate agency, along with any required fees. Some agencies may also allow you to request your driving record online or by mail.
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In recent years, hours of market work have declined and leisure time increased. This trend
a. causes GDP to rise.
b. causes GDP to fall.
c. does not improve the well-being of people because they do not value leisure.
d. is not accounted for in GDP.
Answers
Explanation:
option B.........i guess
Economics
What would likely happen to the supply of electricians if their wages suddenly doubled?
HURRY
Answers
Answer:
it would be harder to get electricinans because it costs more
Explanation:
If the wages of electricians should double then the supply of electrician is also going to double.
What is Supply?This is an increase in the quantity of a good or service that is available at a given price.
There would be more electricians that would be willing to provide more of their labor at an increase in wage. They would like to work more.
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Calculate the breakeven point and contribution margin.
Fixed cost: $65,000
Selling price per unit: $5.00
Variable cost per unit: $1.00
Required: Breakeven point and contribution margin
Answers
The breakeven point is 16,250.
The contribution margin is $4.
What is the contribution margin and the breakeven point?Contribution margin is the difference between the price of an item and the variable cost per unit.
Contribution margin = price - variable cost per unit
$5 - 1 = $4
Breakeven quantity are the number of units produced and sold at which net income is zero
Breakeven quantity = fixed cost / contribution margin
$65,000 / $4 = 16,250
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Please answer the question...
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The journal entry in 2024 to record revenue for Arizona Desert Homes (ADH), which recognizes revenue upon contract completion, is as follows:
Journal Entry:2024:
Debit Accounts Receivable (Cactus Development Company) $3,405,000
Credit Contract Revenue $3,405,000
(To recognize the revenue upon contract completion.)
What is the journal entry?The journal entry is the initial recognition (recording) of a business transaction in the accounting books.
According to the revenue recognition principle, revenue can only be recognized when the performance obligations have been fulfilled or the right to use the asset has been transferred to the other party.
In line with this principle, ADH should recognize the total contract revenue in 2024.
Transaction Analysis:Accounts Receivable (Cactus Development Company) $3,405,000 Contract Revenue $3,405,000
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Overtis-1. Beginning inventory, purchases, and sales for fem "X" are as follows Beginning Inventory April, 1 S 15 57 units at $14 29 40 units Assuming a perpetual inventory system and using the first-in. first-out (110), lost-in-first-out (LIFO) Average costing methal, determine (0) The cost of goods sold on April 29 & (i) The cost of ending inventory on April 30. 47 Quests -2 Estimate the cast of goods sold & ending inventory by the gross profit method given the following data: Beginning inventory Bir 40,000.00, net purchases Bir 100,000.00, net sales Birr 112,000.00, press profit rate of 25% of net sales. Quotes J. Machinery purchased for Br 200,000 at the beginning of the year has an estimated life of 5 years and a residual value of Br 20,000 Required: Compute the annual tyearly) depreciation expense for each of the five years, by using; a) Straight-line depreciation method. b) Double-declining balance depreciation method c) Sum-of-the-years-digits method d) If the machinery is expected to have a useful life of 18,000 operating hours & was operated during the year I through year 5. 4100 hours, 2.700 hours, 4.200 hours 3.000 hours and 100 hours Compute the annual (yeatly) depreciation expense for each of the five years, by using the Units of-Production Method. 4 Rainbow Mining Co acquired mineral rights for the 30,000,000. The mineral deposit is estimated at 75,000,000 tons. During the current year, 11,250,000 tons were mined and sold Required: A Determine the amount of depletion expense for the current year B. Joumalize the adjusting entry to recognize the depletion expers.
Answers
Which phrase best completes the diagram?
Effective Strategies for Managing Credit
?
Paying more than the minimum monthly payment
Replacing high-interest loans with low-interest loans
O A. Paying bills on time
B. Frequently filing for bankruptcy
C. Spending over credit limits
D. Avoiding all credit cards
Answers
Answer: mine is a bit different the question mark at the top is at the bottom for me but the answer on the top for me is paying bills on time
Explanation:
So I say A
The best phrase for Effective Strategies for Managing Credit is replacing high interest loans with low interest loans and paying bills on time.
What is credit?It is a process in which one party provides any sum of money or resources to the other party on the basis of trust. The latter pays the sum after some time on a given specific date.
Credit can be both interest bearing or non interest bearing.
What are effective strategies for managing credit?Regular credit checkStrict credit termsInvest in TrainingReplace high interest bearing loans with low interest bearing loansRegular payment of billsManaging credit scoreWhat is Interest?Interest is the type of amount which is paid when a sum of amount is given to someone as credit, to provide credit facility one receives some amount which is interest.
Hence option A is the correct answer,
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Technology – the second cruel correspondence
Answers
The negative consequences of technology on society are largely directed to mass-produced products, with social media receiving the most criticism.
Many studies have been done on this topic, and social networking sites has often been identified as both the primary source of misleading information, encouraging hate and harassment and the number two source of loneliness, sadness and depression.
Children who use technology excessively are more susceptible to mental health problems, such as attention deficit disorder, poor creativity, language development delays, emotional and social development delays, and addiction to digital gadgets.
Technology's drawbacks:
Addiction. There have been many cases of technology addiction and ethical conundrums in recent years. The future of humanity appears to be moving toward the society that many films have predicted: one in which robots and artificial intelligence (AI) play a significant role. Dehumanization, Pollution, Privacy, and other issues.To know more about negative impact of Technology, click on the link below:
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Which quality or trait are you LEAST likely to need if you want to move up most career ladders?
A.
higher education or advanced degrees
B.
more work experience
C.
specific training or certification
D.
healthier work-life balance
Answers
Option (c), You are LEAST likely to require a specific training or certification attribute if you wish to advance most professional ladders.
What qualities are most important in the IT sector, and why?Virtually all businesses require an IT specialist to support and maintain their computers and networks. Self-discipline, problem-solving skills, attention to detail, strong communication skills, and a passion for technology are five crucial traits to look for when recruiting a new employee.
What quality is the best illustration of a necessary quality for success?Discipline. While you strive for professional success, discipline may help you focus on your goals and give you the mental toughness to persevere through challenges. Even when you don't feel motivated, it motivates you to work more.
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What's the present value of a 4-year ordinary annuity of $2,250 per year plus an additional $3,000 at the end of Year 4 if the interest rate is 5%?
Answers
Answer:
$10,446
Explanation:
The Present Value is the Dollar today of the Future cash flows.
Use the time value of money techniques to calculate the Present Value (PV) of the annuity.
N = 4
P/Y = 1
Pmt = $2,250
FV = $3,000
i = 5%
PV = ?
Using a Financial calculator to input the values as above, the PV is $10,446
The present value of a 4-year ordinary annuity of $2,250 with additional $3,000 received at the end of Year 4 at 5% interest rate is $10,446.50.
Explanation:
Annuity factor for 4 years at 5% = 3.54595
N (# of periods) = 4
I/Y (Interest per year) = 5 years
PMT (Periodic Payment) = $2,250
FV (Future Value) = 0
Results:
PV = $7,978.40 ($2,250 x 3.54595)
Sum of all periodic payments = $9,000.00
Total Interest = $1,021.60
The present value of $3,000 received at the end of Year 4 at 5% is $2,468.10 ($3,000 x 0.82270).
Thus, the total present value of the annuity and additional amount at the end of Year 4 is $10,446.50 ($7,978.40 + $2,468.10).
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An integrated management information system was implemented in the Celestial VIllage Continuum of Care, a 180-bed long-term care facility, owned and operated by a religious order. When Eudora Darling was recruited as manager of administrative systems, she discovered that the technology used in the administrative office was several generations obsolete and that none of the work processes or job functions had been restructured to take full advantage of information technology. Statistics were still being collected manually, and calculations were performed by handheld calculators and adding machines using information from manual entries in daily employee logs. Computer software utilities were available for database management, electronic spreadsheet and statistical functions, and publication quality reporting. However, the jobs and work processes in the department had to be analyzed and restructured before the staff could take full advantage of this technology (which has become standard in other administrative environments).
Required:
a. What issues must Ms. Darling address in achieving effective implementation of the new technology?
b. What outcomes could she reasonably expect to achieve through an effective job analysis process?
c. Should external consultants or internal staff implement this change? Explain your response.
Answers
Analyzing the case, Ms. Darling as manager of administrative systems must address the restructuring of the company, relating the lack of use of technology to the presence of a strong organizational culture.
The results it could achieve through an effective job analysis process would be to increase clarity about the role of each job and department in order to reduce burden on certain employees and optimize task delegation.
To implement this change, external consultants could be hired in order to provide an innovative, unbiased and broader view with a focus on expected results.
What is organizational culture?It is the set of habits, behaviors and values that are learned and shared in a professional environment, generating beliefs and expectations about an organization.
Therefore, implementing new technologies in an organization can generate resistance and must be implemented smoothly and shared with all employees in order to declare the benefits of change for all.
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on july 6,sunland company purchased equipment for $2900 cash. As a result of this transaction
Answers
As a result of this transaction, A. Sunland Company's assets increased by $2,900.
What happens when equipment is purchased ?When Sunland Company acquires equipment by paying in full, the value of the company's assets gets boosted by the equivalent amount of the purchase price. The reason behind this is that the company now owns the equipment as one of its valuable possessions. The liabilities and equity of the company remain constant without any alterations.
This transaction results in a $2, 900 increase in the Equipment account and a corresponding decrease in the Cash account. By entering the transaction, the company's assets have been augmented by a sum of $2, 900.
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Options include:
Sunland Company's assets increased by $2900.
Sunland Company's liabilities increased by $2900.
Sunland Company's equity decreased by $2900.
Sunland Company's assets and equity increased by $2900.
how do you pay taxes and is it hard ( just curious)
Answers
Regarding Association Documents
Select the correct response:
a Buyer has no authority to change them and does not need to review them.
a Seller has no responsibility for these documents, it is the association's job.
a Buyer may see the covenants, but not the financial data until closing.
a Seller must provide documents for Buyer's review if requested by Buyer.
Answers
Regarding Association Documents a Seller must provide documents for Buyer's review if requested by Buyer.
What is the Association Documents?The Association Document can be described as the documents that can be regarded as the governing documents and this encompass the documents such as :
Articles of Incorporation Master Deed DeclarationCovenants Bylaws, Rules and Regulations.It should be noted that in this documents there are alot of rules as well as the guidelines that should be followed by the sellers to the buyers and this Association Document is been used on everyday basis.
In conclusion, the Association Documents help the sellers to know the do and donts when talking with the buyers so that he doesnt go against the law when tryng to transact with the buyers and so that he do not go against the right that is been given to the buyers un der the law.
Therefore, the last option is correct.
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Jeff needs car insurance. He is debating between purchasing liability insurance or a comprehensive policy. What is one TRUE statement about these options that can help him make an informed decision?
a) Liability insurance offers coverage when there is a theft.
b) Liability insurance offers to replace the car if it is destroyed in an accident.
c) A comprehensive policy usually requires a lower premium than liability coverage. d) A comprehensive policy is generally required if a bank helps you purchase a vehicle.
Answers
A comprehensive policy is generally required if a bank helps you purchase a vehicle.
Before, buying a car insurance policy, Jeff must take into consideration that a comprehensive policy is generally required if a bank helps an individual to purchase a vehicle. Therefore, the option D holds true.
What is the significance of a car insurance policy?There are a number of car insurance policies, such as a comprehensive car insurance that ensures reimbursement of the damages caused due to an accident for which the policy has been made. A comprehensive insurance policy is also the most commonly taken car insurance policy.
A liability insurance policy, on the other hand, is a policy that ensures the reimbursement of the claim of damages caused to another person's property due to the car being involved in such accident.
Therefore, the option D holds true regarding the significance of a car insurance policy.
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What are 2 tools you can use to identify possible issues in quickbooks online company
Answers
Answer: Transactional Journal and Audit Log can be used to identify possible issues in a Quickbooks Online Company.
The 2 tools you can use to identify possible issues in quickbooks online company are transactional journal and Audit log.
Accountant Toolbox contains the following Features for all QuickBooks Online Users. They are:
Voided/Deleted transaction- this filters the view of the audit log.Journal entries.Close books.Management reports. etcQuickBooks is simply known as an accounting software package developed and marketed by a company called Intuit.
Its products are targeted toward small and medium-sized businesses and offer on-premises accounting applications and also cloud-based versions.
Conclusively, It can be used for accepting business payments, manage and pay bills, and payroll functions.
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which situation would cause the price of a product to fall the most ?
A. the demand rise while the supply falls
B. the demand falls while the supply rises
C. Both the demand and supply rise
D. Both the demand and the supply fall.
Answers
Answer: B. the demand falls while the supply rises
Explanation:
The price of a product is determined by the interaction of two major economic factors: demand and supply. The law of supply and demand states that if demand for a product increases while the supply remains constant, the price of the product will rise. On the other hand, if demand decreases while supply remains constant, the price of the product will fall. In the case where both demand and supply rise, the price of the product will increase, but to a lesser degree than if only demand had risen. Finally, if both demand and supply fall, the price of the product will fall the most, since there is a decrease in both the desire for the product and the ability to produce it.
Answer:
The demand falls while the supply rises would cause the price of a product to increase the most. Thus, option B is correct.
What is the price?The quantity of money being supplied or needed to be paid for a commodity or service is referred to as the price.
The demand would generally fall when the supplier would increase the quantity within the market. This would further call for the price of the product to increase significantly to maintain the flow of the commodity or the service in the market. As demand and supply have an inverse relationship.
Therefore, option B is the correct option.