Answer: $65
Explanation: Under the FIFO method, that is, first in first out method inventory is recorded on the assumption that the goods that were purchased first will also be sold first and the remaining inventory will have the latest purchased units.
So, in the given question the two units sold would be costing $80 and $95
Hence,
Gross profit = $240 - ($80 + $95)
= $65
Answer:
$3,500
Explanation:
This is because every Health and Disability Income Policy express the conditions and provisions for continuation of the contract on the new income level.
Answer:
The correct answer is Requirements.
Explanation:
The purpose of the requirements discipline is:
Establish and maintain an agreement with customers and other stakeholders about what the system should do.
Provide system developers with a good understanding of system requirements. Define the limits of the system (delimit it).
Provide a basis for planning the technical content of the iterations.
Provide a basis for estimating the cost and time to develop the system.
Define a user interface for the system, focusing on the needs and goals of the users.
To achieve these objectives, it is important, first of all, to understand the definition and scope of the problem that the system is trying to solve. Stakeholders are identified and stakeholder requests are obtained, gathered and analyzed.
From there, the work products of the requirements are developed to fully describe the system (what the system is going to do) in an effort that perceives all stakeholders, including customers and potential users, as important sources of information ( in addition to the system requirements).
Answer:
Qualifying widower with a dependent child
Explanation:
By filing as a widower with dependent child (the child is a necessary qualification requirement), Bob can use the same tax bracket and retain the same benefits as filing as married. This means that his income will be taxed at a lower rate than if he had filed as single, and he will obtain the same deduction as a married couple (twice the deduction for a single filer).
Answer:
Under NASAA's Statement of Policy on Dishonest or Unethical Business Practices of Broker/Dealers and Agents, which of the following is NOT considered when determining excessive trading in a client's account:
C) Length of association with the agent.
Explanation:
- NASAA stands for The North American Securities Administrators Association that ensure the safety of the investor.
- The option a, b and d are not correct as the Under the NASAA's statement of policy of dishonest or unethical business practices of broker/dealers and agents, investment objectives of the client, financial status of the client as well as the character of the account are considered.
- The option c is correct as length of association with the agent is not the concern of the NASAA so it is taken into the consideration.
