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2 years ago

Beginning inventory plus net purchases is:

Business

2 answers:

klemol [59]2 years ago

7 0

Answer:

merchandise available for sale , also known as cost of goods available for sale

Explanation:

you can use this formula to understand better :

Cost of Goods Available for sale = Opening Saleable Inventory + Finished Goods Produced during the period + Any Merchandise Acquired during the period.

Hope this helps...

Greeley [361]2 years ago

3 0

Beginning inventory plus net purchases provides the available inventory for sale or also known as the cost of goods available for sale.

If the cost of goods available for sale is deducted from closing inventory then it will provide the cost of goods sold during the period.

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Inventory is the current asset for a company

What is Inventory?

Inventory is the sum of products that are manufactured by an organization to be sold to consumer at a market price.

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Learn more about Inventory at brainly.com/question/27908790

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I need to know the total monthly payment

Sphinxa [80]

Its C $990 Good luck

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2 years ago

ABC bank wants to strengthen the security of its online bill-pay features. Therefore, it decides that in addition to a password,

marta [7]

Answer:

multifactor authentication

Explanation:

Multifactor authentication: The term "multifactor authentication" is described as an "electronic authentication method" whereby a computer user is able to grant access to a specific application or website only after he or she has successfully completed or presented two or more than two shreds of evidence to any authentication mechanism, for example, inherence, knowledge, and possession, etc.

In the question above, the given statement represents "multifactor authentication".

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3 years ago

Bonds with a face amount $1,000,000, are sold at 96. The entry to record the issuance is

laiz [17]

Answer:

Option C is correct

Explanation:

The cash proceeds from the bond issuance is 96% of its face value i.e 96%*$1,000,000=$960,000

The discount on bonds payable=Face value-cash proceeds

The discount on bonds payable=$1,000,000-$960,000=$40,000

The appropriate entries would be to credit bonds payable with $1000,000 while cash and discount on bonds payable are debited with $960,000 and $40,000 respectively

8 0

3 years ago

he annual interest on a $9000 investment exceeds the interest earned on a $1000 investment by $534. The $9000 is invested at a 0

Nadya [2.5K]

Answer:

The interest on investment of $9000 and $1000 is 5.41 % and 4.81% respectively.

Explanation:

Let i be the interest rate on $ 9000 investment, then

9000i + 1000(i -0.006) = $ 535

10,000i = 541

i = 5.41 % on investment of $ 9000.

than on $1000 investment interest = 5.41-0.6 = 4.81 %

4 0

2 years ago

Read 2 more answers

In year 1, Firm A paid $50,000 cash to purchase a tangible business asset. In year 1 and year 2, it deducted $3,140 and $7,200 d

Tatiana [17]

Solution and Explanation:

a.Compute Firm A’s net cash flow attributable to the asset purchase in each year.Year 2011:

Cost of Asset = ($50,000)

Tax Savings (Annual Depreciation x Tax Rate) $(\$ 3,140 \times 35 \%)$ = $1,099

Net Cash Flow = ($48,901)

Year 2012:

Cost of Asset = N/A

Tax Savings (Annual Depreciation x Tax Rate) ( $\$ 7,200 \times 35 \%$ ) = $2,520

Net Cash Flow = $2,520

b. Compute Firm A’s adjusted basis in the asset at the end of each year.

INITIAL COST OF ASSET = $50000

DEPRECIATION YEAR 1 = (3140)

ADJUSTED BASIS AT END OF YEAR 1 = $46860

YEAR 2 DEPRECIATION = (7200)

ADJUSTED BASIS AT END OF YEAR 2 = $39660

8 0

3 years ago