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2 years ago

Which statement is supported by the information in the

Business

2 answers:

Veronika [31]2 years ago

8 0

Answer: C) The price of Pear stock declined from 2008 to 2009.

Explanation: Just took the test on edgu 2020 and got it right see attached picture as proof

sleet_krkn [62]2 years ago

5 0

Answer:C. The price per stock declined from 2008 to 2009

Explanation: the graph declines at 2008 and increases at 2009

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The company's total assets are $40,000. The following is a listing of the company’s accounts and account balances as of December

galina1969 [7]

Answer:

Determine the balance of the Cash account.

$3,800 Cash

Explanation:

As the total assets it's $40,000 by difference it's possible to find the total balance of cash account.

There are 3 accounts which belongs to the asset part, Accounts Receivable, Supplies and Equipment, by difference with the total balance of Assets it's possible to find the balance of Cash.

$40,000 TOTAL ASSETS

Minus

-$8,000 Accounts Receivable

-$2,000 Supplies

-$26,200 Equipment

$3,800 Cash

December 31, Year 3

$3,800 Cash

$8,000 Accounts Receivable

$2,000 Supplies

$13,800 TOTAL CURRENT ASSETS

$26,200 Equipment

$26,200 TOTAL NONCURRENT ASSETS

$40,000 TOTAL ASSETS

$8,000 Accounts Payable

$0,000 Income Tax Payable

$8,000 TOTAL CURRENT LIABILITIES

$8,000 TOTAL LIABILITIES

$17,000 Retained Earnings

$15,000 Common Stock

$32,000 TOTAL EQUITY

$40,000 TOTAL EQUITY + LIABILITIES

7 0

2 years ago

Which of the following environments will be LEAST conducive to fraud? a. Perceived inequalities in the organization and inadequa

egoroff_w [7]

Answer:

The answer is C. Proactive management

Explanation:

Proactive management looks ahead. They are not reactive. They envisage problems before it occurs. They institute or set up internal controls which will not be conducive to fraud. Internal controls like segregation of duty, dual control, authorization etc.

But in an organization where perceived inequalities are rife, employees will tend to play fast because they are not satisfied.

Also, when unreasonable budget are set by the management, employees tend to do all things possible to achieve this budget so as to keep their job. This breeds the thought of fraud.

High employee turnover too can lead to fraud because staffs know they wont stay too long.

4 0

2 years ago

AP Mather sells a snowboard, EZ slide, that is popular with snowboard enthusiasts. Below is information relating to Mather's pur

creativ13 [48]

Answer:

Method Ending Inventory // COGS

W/A 2,585.75 // 10,549.25

FIFO 2,620 // 10,515

LIFO 2,539 // 10,596

Explanation:

sales: 102 units

Sept. 1 Inventory 12 units $100 $ 1,200

Sept. 12 Purchases 45 units $103 $ 4,635

Sept. 19 Purchases 50 units $104 $ 5,200

Sept. 26 Purchases 20 units $105 $ 2, 100

Availalbe for sale 127 units $ 13, 135

Ending Invenotry 127 - 102 = 25 units

COGS will be calcualte as the difference between the cost of goods and the untis at ending inventory.

Weigthed average:

$13,135 / 127 units = 103,42519685 = 103.43 cost per unit

Ending Inventory: 25 units x $ 103.43 = $ 2.585,75

COGS : 13,135 - 2,585.75 = 10,549,25

FIFO

We sold the first, the last are ending invenotry

20 x 105 = 2,100 september 26th

5 x 104 = 520 september 19th

Ending 2,620

COGS 13,135 - 2,620 = 10,515

LIFO

We sold the last, the first are ending inventory

12 x 100 = 1,200 September 1st

13 x 103 = 1,339 September 12th

Ending 2,539

COGS 13,135 - 2,620 = 10,596

4 0

2 years ago

In the simulation, explain how the original order results in one $22 fee, while the Wells Fargo reordering results in four $22 f

aksik [14]

Answer:

In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22.

In a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make customer to have the amount of $88 as overdraft.

Explanation:

In a situation in which the transactions that occurred were been arranged accordingly or just exactly the way the transaction happened which means that the customer will owe the amount of $22 because based on the information given we were told that the customer original order resulted in one $22 fee which means that 1 multiply by $22 fee will give us $22 (1*22) which is the amount owe by the customer.

Secondly in a situation in which the transactions are been posted in descending order which is from largest transaction to the smallest transactions the customer money in his or her bank account will reduce quickly which will in turn make the customer to have the amount of $88 as overdraft reason been that we were been told that the reordering resulted in four $22 fee which means that four multiply by $22 fee will give us $88 (4*22).

4 0

2 years ago

Last year if 97 percent of the revenues of a company came from domestic sources and the remaining revenues, totaling $450,000, c

serg [7]

If 97% came from domestic sources then 3% came from foreign sources. This means that $450,000 is 3/100 of the total amount. You need to divide 450,000 by 3 to get 1/100 (1%) of the total amount, then multiply that number by 100 to give you the sum of 100/100 (100%) of the company's revenues:
450,000/3=150,000×100= $15,000,000
So, the company made $15,000,000 last year

7 0

2 years ago