In recording the cost of merchandise sold for cash using a perpetual inventory system, the effect on the accounts is?

1 answer:

3 0

In recording the price of products bought for cash using a perpetual inventory gadget, the effect on the bills is an increase in Sales.

Inventory refers to a company's items and products which might be equipped to promote, together with the uncooked materials which are used to supply them. inventory can be categorized in 3 specific approaches, uncooked materials, work-in-progress, and finished goods.

Inventory is an asset due to the fact a business enterprise invests cash in it that it then converts into sales while it sells the stock. stock that does not promote as fast as anticipated may emerge as a legal responsibility.

Inventory, in business, any item of assets held in inventory via a firm, such as finished items ready on the market, items within the manner of manufacturing, raw substances, and goods in order to be consumed inside the system of manufacturing items to be offered. the 2 primary advantages of stock control are that it ensures you are able to fulfill incoming or open orders and increases earnings. inventory control also: Saves cash: know-how inventory tendencies approach you spot how a lot of and in which you have got something in stock so that you're better capable of using the stock you have got.

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Answer:

The largest revenue the supplier can make under this deal is $24,151.2

Explanation:

Working file has been attached to help understand how the answer was derived. Some points to note in the sheet are:

The sheet represents the following columns which are S. No., Chairs, Price, Total Revenue and difference in each revenue.
As the no. of chairs rises the price is dropping by $0.2 in the entire order.
However, at first this increase in order of chairs is beneficial even with the drop in the price of entire order.
At the point, where chairs ordered are 348 and price is $69.4 the revenue is at its largest which is $24,151.2.
After this point the increase in the no. of chairs is only decreasing the overall total revenue of the supplier.

Download xlsx

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