Although juana earns a meager salary, she has been spending a lot of money on wedding-related expenses. she understands that she could go bankrupt if she does not stop making expensive purchases. in the context of her budget, juana's expenses can be best referred to as

If you offer up your car as a demonstration that you will pay off your loan to a bank or another financial lending institution, you are using your car as collateral. true false

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo