Answer:
securities
bond
stock
Explanation:
Corporations source their finances from issuing securities. If they borrow from banks or other corporations or from investors, then that is considered debt. They can also borrow debt by issuing bonds which are fixed securities which can either be paying coupons periodically or not. If they do not have debt financing, they can sell part of company ownership to investors by issuing stocks and pay dividends to them in return.
Sahara Company's Cash account shows an ending balance of $650. The bank statement shows a $29 service charge and an NSF check for $150. A $240 deposit is in transit, and outstanding checks total $420. What is Sahara's adjusted cash balance?
A. $291
B. $829
C. $471
D. $470
Answer:
C. $471
Explanation:
The computation of the adjusted cash balance is shown below:
= Ending balance of cash account - service charge - NSF checks
= $650 - $29 - $150
= $471
The deposit in transit and the outstanding checks are used to find out the adjusted bank balance, not for the adjusted cash balance. Hence, ignored it
So, All other information which is given is not relevant.
Lakeland Inc. employees get 40 hours paid leave each year to pursue volunteer projects. The company runs a service day that hosts projects in 25 countries, and it supports a nonprofit that brings young people into public service for a year. Lakeland could be most accurately described as practicing ________ marketing.
Answer:
sense of mission marketing
Explanation:
Sense of mission marketing refers to the marketing practice that holds that a company has to define its mission in a broad social context and not just simply in product terms.
In this case, Lakeland's employees are involved in several social projects that help local communities in all the places that the company operates.
If Year 1 income tax expense equals $1,000, Year 2 equals $1,920, and Year 3 equals $1,893, the percentage to be assigned for Year 2 in a trend analysis, assuming that Year 1 is the base year, is ________ percent.
A :101B :it cannot be calculatedC :192
D :189
Answer:
192
Explanation:
Given: Income tax expense for 3 years.
Finding percentage of trend analysis for the year 2.
Base year is the year 1.
Now, as we know the base year is 1st which has income tax expense $1000.
Finding percentage in trend analysis for the year 2, which has income tax expense $1920.
Percentage of year 2 in a trend analysis = [tex]\frac{\textrm{tax expense of year 2}}{\textrm{ tax expense of base year}} \times 100[/tex]
⇒ Percentage of year 2 in a trend analysis= [tex]\frac{1920}{1000} \times 100= 192\%[/tex]
∴ The percentage to be assigned for year 2 in trend analysis is 192.
Fresh Seasonal Fruit Company has assets of less than $10 million and fewer than fifty shareholders. Gourmand Pastries, Inc., has assets of more than $50 mil-lion and more than five hundred shareholders. The Securities Exchange Act of 1934 applies toa. Fresh Seasonal Fruit and Gourmand Pastries.b. Fresh Seasonal Fruit only.c. Gourmand Pastries only.d. neither Fresh Seasonal Fruit nor Gourmand Pastries.
Answer:
c. Gourmand Pastries only
Explanation:
The Securities Exchange Act of 1934 (SEA) purpose is to govern the transactions in the financial markets. It guarantees the accuracy of availed financial data and fights to eliminate fraud and manipulation in dealing.
The US securities and exchange commission( SEC), is the regulatory arm of the SEA. The SEC regulates investments instruments, professionals, and the firms that trade in the financial markets. Public listed companies must adhere to the rules and regulations set by the SEC. The acts also require SEC to monitor financial reporting of corporates that have more than $ 10 million in assets and with over 500 shareholders.
What are in-kind benefits? the process used to produce a good or service goods and services provided for free or at greatly reduced prices the benefits only provided to people over the age of 65
Answer:
In kind benefits are goods and services provided for free or at greatly reduced prices
Explanation:
The benefits in kind are the advantages given to an employee or a customer such as credit cards, company cars, concert tickets and so on. Usually these benefits are called "perks" and are part of the compensation plan offered at each enterprise.
The benefits are also offered to clients, which will be awarded with a gift from the company when reaching certain number of purchases.
In kind benefits are goods and services provided for free or at greatly reduced prices.
Explanation:
In-Kind benefits are the benefits that an employee receives or gets from the firm or company, other than the usual pay or wages, for example a health insurance or car. According to national government policy, there are different benefits for 65+ age people in all parts of the world.
Various private and public benefits schemes can contribute to the cost of domestic energy fees. The following in-kind benefits are not included during taxation,
contributions paid in an approved occupational account or personal pension scheme for employee. Nearly all schemes are included cheap or free canteen mealscounselling services to redundant employees , childcare servicesworks buses/subsidies to public bus servicesreasonable removal expenses if the employee is moving to take up a new job or is getting transferred by employergenuine personal gifts for example, retirement gifts other than cashJob-related benefits:
Benefits to employees provided from within the employer’s business. This includes the following,
Cheap rail tickets for railway employees Cheap airline seats provided for airline staffGoods or services provided by a business which are offered free or at a discounted price to employees.They are taxable. Cash allowances for job-related benefits for employees are taxable. Payments to miners of coal are not taxable.
When the economy suffers a permanent negative supply shock and the central bank does not respond by changing the autonomous component of monetary policy, then A. inflation will be lower. B. output will be at its potential. C. output will be lower. D. inflation will not change. E. both B and C.
Answer:
The correct answer is (C)
Explanation:
A supply shock negatively effects the inventory stock of an item or product which leads to increase in the overall holding cost. A positive inventory shock leads to an increase in the overall inventory, while a negative shock decrease the output which leads to increase in the overall cost of goods and services. A negative shock can increase the overall prices of goods and services.
When a consumer goes to the grocery store to purchase items on her shopping list and picks up items that she did not have on her list but remembered her family needed when she saw them, which type of shopping behavior does this illustrate?
Answer: Unplanned shopping behavior
Explanation: When a buyer has pre-planned list of things to buy but on getting to the shopping complex, the buyer sees some items and remembers he needs them also, this action is an unplanned shopping behavior.
This shopping behavior best suits the illustration in the question.
Itina Global Solutions recently received a new service request from a client. To execute this request, the managing director of the company sends out an email to all employees, containing details of the work that needs to be accomplished. In the context of formal communication channels, this scenario illustrates _____.
Answer:
Downward communication
Explanation:
Downward communication is the type of communication in which the flow of information and the messages is from a higher level inside a firm to the lower level. It is important for the success of the firm.
In this case, the company received a request from client and the managing director forwards the work to the employees. So, this illustrates the downward communication.
The scenario describes downward communication, a type of formal communication channel where information flows from superiors to subordinates in a hierarchical structure. The managerial directive from Itina Global Solutions' director is an example, signaling employee task delegations.
Explanation:In the given context, Itina Global Solutions' managing director sending out an email to all employees detailing work to be accomplished represents a form of downward communication. This type of formal communication channel signifies flow of information from managers or leaders to subordinates in a hierarchical structure.
For instance, the director’s communication relating to a new service request can be viewed as an example of managerial directives. In many organizations, such instructions are transmitted via email or staff meetings to ensure all team members receive the same information at the same time.
In the world of business, downward communication is vital. This approach is often used to share critical data, like corporate goals and targets, policy updates, task delegation, and feedback. It helps maintain clarity of roles and responsibilities among team members and creates a standardized working environment.
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A coffee-shop is open Monday through Friday each week. Records for the week show the following numbers of bowls of chili were sold: 160, 140, 135, 185, and 190. Using a three-day moving average, what quantity would the manager recommend be prepared for Monday of the second week?
a. 145
b. 160
c. 162
d. 170
Answer:
The answer is d. 170 bowls of chili is expected to be sold in the next Monday using three-day moving average.
Explanation:
Under three-day moving average technique, the quantity of chili bowls sold in the nearest 03 business day before the projected day, that is Monday are averaged to get the expected number of bowl of chili sold in Monday.
The calculation as below:
Projected bowl of chili sold in Monday = (Actual bowl of chili sold in last Wednesday + Actual bowl of chili sold in last Thursday +Actual bowl of chili sold in last Friday)/3 = (135+ 185+ 190)/3 = 170 bowls of chili.
Thus, the answer is d.
The gizmo industry has the following characteristics: over 600 producers with no one producer furnishing more than .5% of the industry’s total output; gizmos produced by different firms carry unique brand names and labels; there are no significant barriers to entry to the gizmo market; there is no economic profit in the long run. The gizmo market is best described as what type of market? perfect competition monopolistic competition differentiated oligopoly undifferentiated oligopoly pure monopoly
Answer:
monopolistic competition
Explanation:
A monopolistic competition has the features of both a monopoly and a competitive firm.
Characteristics of a monopolistic competition includes:
1. Many buyers and sellers
2. Firms are price setters
3. Firms sell differentiated products
4. There are low barriers to entry and exit of firms.
5. Firms make zero economic profit in the long run.
Perfect competition has the above characteristics of a monopolistic firm except:
1. They are price takers
2. There are no barriers to entry and exit of firms
3. Firms do not sell differentiated products.
An oligopoly industry is characterised by few large firms, significant barriers to entry or exit of firms.
Monopoly firms earn economic profit in the long run, there is only one seller in the market and there are high barriers to entry or exit of firms.
I hope my answer helps you.
The discount rate is the interest rates on loans that the Federal Reserves makes banks. Banks occasionally borrow from the Federal Reserve when they find themselves short on reserves. A higher discount rate________ (increases or decreases) banks' incentives to borrow reserves from the Federal Reserve, thereby________ (increasing or reducing) the quantity of reserves in the banking system and causing the money supply to________ (fall or rise).
The federal funds rate is the interest rate that banks charge one another for short-term________ (typically overnight) loans. When the Federal Reserve uses open-market operations to buy govenment bonds, the quantity of reserves in the banking system ________ (decreases or increases), banks' demand for borrowed reserves________ (declines or rises), and the federal funds rate (increases or decreases).
Answer:
The discount rate is the interest rates on loans that the Federal Reserves makes banks. Banks occasionally borrow from the Federal Reserve when they find themselves short on reserves. A higher discount rate DECREASES banks' incentives to borrow reserves from the Federal Reserve, thereby REDUCING the quantity of reserves in the banking system and causing the money supply to FALL. THE BANK HAS LESS MONEY TO LOAN, SO ITS ABILITY TO "CREATE" MONEY THROUGH THE ISSUE OF LOANS IS REDUCED.
The federal funds rate is the interest rate that banks charge one another for short-term OVERNIGHT loans. When the Federal Reserve uses open-market operations to buy government bonds, the quantity of reserves in the banking system INCREASES, banks' demand for borrowed reserves RISES, and the federal funds rate DECREASES. THE FED WILL ADOPT AN EXPANSIONARY MONETARY POLICY BY BUYING BONDS FROM BANKS AND INCREASING THE AMOUNT OF MONEY THEY CAN LOAN.
Donald and Candice sell their home for $695,000, incurring selling expenses of $30,000. They purchased the residence for $125,000 and made capital improvements totaling $20,000 during the 20 years they lived there.
What is their realized gain and recognized gain on the sale?
Answer: Recognised gain is $520,000
Realised gain is $570,000
Explanation: Recognised gain is the difference in the cost of an asset and the sales price of an asset also putting into record of expenses incurred on the asset. from the question, recognised gain is $695,000 less $125,000 less $30,000 less $20,000 = $520,000
Realised gain is the actual difference between the actual cost of an asset and the actual sales price of the asset. from the question, cost price is $125,000 and sales price is $695,000. the realised gain is $570,000
Which of the following financial statements shows a company’s financial position on a particular date? a. Income statement b. Statement of changes in retained earnings c. Statement of cash flows d. Balance sheet
Answer: D
Explanation: Another name for Statement of Financial Performance is a Balance Sheet and it shows the Financial Position of firms as at a particular date and with the appropriate currency.
The balance sheet is the financial statement that shows a company's financial position on a specific date, listing assets, liabilities, and net worth.
Explanation:The financial statement that shows a company's financial position on a particular date is the balance sheet. A balance sheet provides detailed information about a company's assets, liabilities, and net worth at a specific point in time. The assets, which represent what the company owns, are traditionally listed on the left side, while the liabilities and net worth, showing what the company owes and its overall value after liabilities, are on the right side. By examining a firm's balance sheet, stakeholders can gain insights into the firm's financial status and the changes that have occurred over time.
Jersey Co. borrowed Singapore dollars over a short-term period to finance its U.S. dollar payables because the Singapore interest rate was low. It incurred a negative effective financing rate on this short-term loan which indicates that Jersey Co. :
a. paid more interest on the loan than what it would have paid if it had borrowed U.S. dollars.
b. experienced a negative stock price reaction due to borrowing funds.
c. will need fewer U.S. dollars to repay the short-term loan than the amount of U.S. dollars that it was able to use as a result of the loan.
d. will be unable to repay the loan.
Answer:
The correct answer is c. will need fewer U.S. dollars to repay the short-term loan than the amount of U.S. dollars that it was able to use as a result of the loan.
Explanation:
The setting of negative interest rates is usually considered an unconventional policy, but in reality it can be seen as a continuation of the perfectly normal monetary policy practice of moving the short-term interest rate in response to fluctuations in the economy. There is a downward limit on interest rates, but we haven't reached it yet.
The reductions in negative interest rates work largely as they do in positive interest rates, although there are some differences: the effects on banks, for example, and the psychological impact of interest rates that fall into negative territory.
A ________ identifies that a firm has legally registered its brand name or trade name so the firm has its exclusive use
Answer:
copyright
Explanation:
Copyrights are considered intellectual property. Copyright law protects the intellectual work of an author or corporation (e.g. songs, trademarks, movies, books, etc.). The owner of the copyright has the right to decide if it allows third parties to use their protected material either for money or freely. So anyone that wishes to copy or use copyrighted material must be authorized by the owner.
Assume that your firm has a potential investment project which generates a return of 15% and has a cost of $200,000. Assume further that your firm has $200,000 of retained earnings and that the market interest rate is 10%. In this case, your firm should:
Answer:
Invest in the new project that generate a 15% rate of return
Explanation:
Our firm can decide to either:
Alternative A: invest the $200,000 in bonds or other stock that generates the market interest rate of 10% = $20,000 earnings per year.Alternative B: invest the $200,000 in the new project and receive a 15% rate of return = $30,000 earnings per year.If the company decides to invest the $200,000 in the new project its earnings will increase by $30,000 per year, which is $10,000 more than other investments that can generate market interest rate.
One important thing to remember is that all of this information technology is created to aid in the process of acquiring knowledge. Knowledge still resides in people, but information systems have been created to capture the specialized knowledge and decision rules used by others, the process behind expert systems.
True / False.
Answer:
True
Explanation:
An expert system is a key variable in today's global world where information is the key to progress and to do advancements in every field of life. In that regard, an expert system plays a crucial role that helps to emulate decision-making ability. It is designed to solve complex problems which are beyond human capability. It stores information and helps to resolve issues by using multiple knowledge sources.
Information systems are designed to capture and communicate specialized knowledge, true to the claim. These systems play a crucial role in information societies, where knowledge drives the economy and access to education dictates success. Additionally, the evolution of information and communication technologies impacts the scale and competitive dynamics of firms in the economy.
Explanation:It is true that information technology, including expert systems, is designed to aid the process of acquiring knowledge. While knowledge ultimately resides in people, information systems are employed to encapsulate specialized knowledge and decision rules. These systems, such as expert systems, serve to store and convey what others know, supporting the decision-making processes.
The impact of information technology extends into various aspects of society. For instance, in information societies, the economy is driven by knowledge rather than material goods, and power is held by those who control the storage and dissemination of information. This influence highlights the importance of access to education and technical skills, as the workforce in a postindustrial society is divided by the capacity to succeed in service-oriented roles, such as software programmers and business consultants, rather than in the production of goods.
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The Nissan assembly plant in Tennessee purchases several thousand unassembled parts for automobiles and then performs final assembly of the vehicles before delivering them to dealers all over the nation. Purchasing parts several days or weeks before they are assembled would increase the total cash outlay the plant has tied up in inventory at any given time. In order to reduce the expense of large inventories, most assembly plants have successfully adopted __________ inventory systems.
a. balanced
b. strategic alliance
c. just-in-time
d. rotational
Answer:
c. just-in-time
Explanation:
Just-in-time (JIT) is an inventory management strategy that eliminates to need to hold high volumes of stocks. In JIT, materials are purchased to coincide with the production process. Materials bought will not be kept in the stores but will go into the production process right away.
Should the Nissan team adopt the JIT strategy, it will not require to invest a lot of money in inventory purchases. It will only buy the parts needed for a specific production run. Nissan will free up cash that would be held in components kept in stores. The company will eliminate the possibility of the parts getting damaged while in the store. The management of the Nissan team will have to be extra careful not to run out of stock at production time.
Ian purchased an Icewall refrigerator that regularly broke down. So, when his friend Susan asked him to recommend a good refrigerator for her new home, Ian said, "You can buy any refrigerator other than an Icewall refrigerator because I had a bad experience with it." If Susan forms a judgment based on what Ian said, this bias of judgment is an example of the _____. Select one:
a. cognition-recall process
b. attribute recall heuristic
c. availability heuristic
d. judgment-encoding process
e. accessibility model
Answer:
"C"
Explanation:
This bias of judgment is an example of the availability heuristic.
Which of the following types of inventory describes inventory that has been purchased but not processed?
A. raw material inventory
B. maintenance/repair/operating supply inventory
C. work-in-process inventory
D. finished-goods inventory
Answer:
A. raw material inventory
Explanation:
Inventory materials are basically of 3 types namely; Raw materials, semi-finished goods and finished goods.
Raw materials are inventory materials yet to be processed. It is usually referred to as material cost.
Inventory items that have been processed but yet to be finished are called semi finished goods. Such items are also called work-in-process inventory.
Finished goods are inventory items ready to be sold.
Based on the above statements, the right option is A. raw material inventory.
The increase in the amount that the government collects in taxes when the economy expands and the decrease in the amount that the government collects in taxes when the economy goes into a recession is an example of:_______
Answer: Automatic stabilizers
Explanation:
Automatic stabilizers are referred to as the kind of the fiscal policy that are designed in order to offset a fluctuations in the domestic economic activity via the normal operation without further additional or timely authorization by federal government. These are referred as so because they tend to stabilize the economic and business cycles and thus are further automatically activated without any additional action by the federal government.
When pan frying food with a stuffing, you may need to
A. cook it more rapidly.
B. turn it more often.
C. keep the flame low
D. finish it in the oven.
Answer:
D finish it in the oven
Explanation:
What is one of the MAIN purposes of GAAP?
A) To provide comparable information of all international companies for creditors and investors
B) To provide comparable information of nonprofit organizations for creditors and investors
C) To provide comparable information of private companies for creditors and investors
D) To provide comparable information of publicly-traded companies for creditors and investors
Answer:A -To provide comparable information of all international companies for creditors and investors
Explanation: GAAP- Generally Accepted Accounting Principles are basis by which the books of any organisation is prepared and presented in the financial statement.
GAAP aims to unify the process of Financial accounting all around the world. It aids clarity, consistency and interpretation of financial information.
GAAP is adopted all around the world in the preparation of financial information
It is adopted by the US Securities and exchange commission.
Lana Appliances sells dishwashers with a fourminusyear warranty. In 2018, sales revenue for dishwashers is $ 87 comma 000. The company estimates warranty expense at 4.5% of revenues. What is the 2018 warranty expense?
Answer:
The total 2018 warranty expense is $3,915
Explanation:
To solve, we simply multiply total sales revenue and the estimated warranty expense percentage:
$87,000 x 4,5% = $3,915
We can also make the following entries in the journal
Debit Credit
Warranty Expense $5,000
Warranty Liability $5,000
Final answer:
The warranty expense for 2018 is $3,915.
Explanation:
To calculate the warranty expense for 2018, we need to multiply the sales revenue for dishwashers by the estimated warranty expense percentage.
The sales revenue for dishwashers in 2018 is $87,000 and the estimated warranty expense percentage is 4.5%.
So, the warranty expense for 2018 can be calculated as:
Warranty Expense = Sales Revenue × Warranty Expense Percentage
Warranty Expense = $87,000 × 0.045
Warranty Expense = $3,915
Which of the following statements about public relations is true?
A. Public relations is not considered a management function.
B. An effective public relations program continues over months or even years.
C. Public relations has the same objectives as product and service promotion.
D. Public relations deals only with the activities designed to sell a product or service.
E. Typically, shorter forms of public relations and publicity are interchangeable functions."
Answer:
A. Public relations is not considered a management function.
Explanation:
The true statement about public relations among the options is: An effective public relations program continues over months or even years. Public relations is a key management function, has different objectives than product promotion, deals with more than just selling a product or service, and is not interchangeable with publicity.
Explanation:Certainly, it's important to understand each aspect of Public Relations. When we address the statements given:
A. This statement is incorrect as Public relations is indeed considered a critical management function in many organizations. B. This is correct, an effective public relations program is ongoing and may continue over months or even years in order to maintain and foster a positive image of the organization. C. This is not entirely accurate. While both public relations and promotion aim to enhance an organization's image and increase public awareness, their objectives can differ. Public relations focuses more on building long-term relationships with stakeholders, whereas promotion is more short-term and sales-focused. D. No, Public relations involves more than just selling a product or service — it deals with the overall reputation, image, and perception of the company amongst its various stakeholders (customers, employees, investors, the general public, etc.). E. This is not valid. Public relations and publicity are related but are not interchangeable. The main difference lies in control and purpose — public relations is a planned and sustained effort, whereas publicity often deals with singular issues and companies have little control over it. Learn more about Public Relations here:
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In an expansion, taxes rise and government expenditures fall, and therefore act as automatic ________. Inflation is more likely to increase in an expansion than in a recession, and therefore acts as an automatic ________.
Answer:
The correct answer is: stabilizers; destabilizer.
Explanation:
The automatic stabilizer is a government policy that correct fluctuations in the economy through their normal operation and hence they are called automatic stabilizers.
Taxes and government spending are examples of automatic stabilizers.
During an expansion, taxes increase with an increase in income and government spending decrease. These two without any intervention by the government automatically stabilize the economy.
Automatic destabilizer causes fluctuations by their normal operation. An example of destabilizer is inflation which increases during expansion and causes fluctuations without any intervention.
Aviation Systems sells its products with a three-year manufacturing warranty. The company's sales revenue is $600,000. Based on prior experience, the company estimates that warranty costs are 5% of sales revenue. Actual warranty costs related to these sales were $5,000 during the year. How much warranty expense should the company record this year? a. $30,000. b. $25,000. c. $10,000. d. $5,000. e. 25,000
Answer:D - $5,000
Explanation: The company has an estimated warranty cost of 5% of sales which is $30,000. This can be recorded as a warranty payable provision in the books of the company as it gives a 3years warranty on its products. As stated in the question, out of the $30,000 warranty provision, only $5,000 was expensed in the current year leaving a bal of $25,000 for the remaining 2 years which the company has given to its customers. So only $5,000 warranty expense will be recorded in the current year.
An unplanned business district is a type of retail location where Multiple Choice two or more stores are situated together or in close proximity. freestanding businesses appear at random. a group of architecturally unique business establ
Answer: two or more stores are situated together or in close proximity
Explanation: In simple words, an unplanned business district refers to an area where multiple stores are opened by individuals without any collective planning of establishing a market altogether.
Usually this is a place where all the commercial transactions of a town or a district takes place. In other markets, it is the main market arena of a specified area.
Generally customer turnover is very high in such areas as there are several stores from which a rational customer can find all commodities he or she needs.
Cook Builders manufactures custom furniture only and uses a job order costing system to accumulate costs. Actual direct materials and direct labor costs are accumulated for each job, but a predetermined overhead rate is used to apply manufacturing overhead costs to individual jobs. Manufacturing overhead is applied on the basis of direct labor hours. In computing a predetermined overhead rate, the controller estimate that manufacturing overhead costs for the year would be $200,000 and direct labor hours would be 20,000. The following summary information is available for the year.
Raw materials purchased during the year were $275,000.
Raw materials used in production during the year were $250,000.
Wages paid to the furniture craftsmen during the year totaled $440,000 (22,000 hours).
Wages paid to factory maintenance workers during the year totaled $60,000.
Depreciation on machinery and equipment during the year totaled $90,000.
Rent and utilities for the factory building during the year totaled $45,000.
Manufacturing overhead was applied to work-in-process inventory using the predetermined overhead rate.
Work-in-process inventory costing $850,000 was completed and transferred to finished goods inventory.
Goods costing $800,000 were sold.
Assume that the beginning balance in the finished goods inventory account was $0. What is the ending balance of the finished goods inventory account?
A. $800,000
B. $25,000
C. $50,000
D. $75,000
E. $850,000
Answer:
gdbgdyhyrhfnnhfhfhnnfn
Explanation:
nfnffnloulo;loip;;/'[[[[;/,.m/./,/./.,/.,/m;/;jolikujtdhrbfdbdgnhfyjui,kik,tujryhtgrfgrgrehgtyrjumkutkyrjthgwrwgtehyhmj,khgwgrgtehmmtkyjtdvefrg
Answer:
C. $50,000
Explanation:
Work-in-process inventory costing $850,000 was completed and transferred to finished goods inventory.
Goods costing $800,000 were sold.
Assume that the beginning balance in the finished goods inventory account was $0.
From the above information, we can deduct the goods costing from the inventory costing
850000-800000
$50000 is the ending balance of the finished goods inventory account
A 4PL, commonly referred to as a lead logistics provider, is a trucking company that also provides tracking servicesa) true b) false
Answer:
False
Explanation:
4PL is the term used for fourth party logistics. It has nothing to do with a truck company. Rather it refers to the party of logistics services provider who provides the services in which it further takes the charge of goods from 3rd party of logistics service provider.
It not only delivers the goods but rather provides the entire facility of storage and care in the entire process.
This basically is not a function of trucking company, but a company which manages the goods transportation in complete sense. It even includes insurance during transportation many times.