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1 year ago

An account used in the periodic inventory system that is not used in the perpetual inventory system is?

Business

1 answer:

Feliz [49]1 year ago

4 0

Inventory

It is a type of asset that a company deals in and generates income from sales. Because it is the company's most liquid asset, it is included as the first subhead under the current asset heading on the balance sheet.

A inventory system uses an inventory account, whereas a periodic system does not. Because all purchases are immediately linked to the inventory account under the inventory management system, all purchases are deducted from the inventory account, whereas all purchases are returned are credited to the inventory account

At the conclusion of the period, a physical inventory count is used to update the inventory amounts in a periodic inventory system.

To know more about Inventory refer to brainly.com/question/13405662

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Which of the following statements about applying organizational socialization research is true? Multiple Choice Organizations ca

Talja [164]

Answer:

Multiple choice organizations can use socialisation tactics to promote ethical behavior.

Explanation:

Among the options enlisted, using socialisation tactics to promote ethical behavior is the most correct as a basis for establishing organizational socialization research.

Organizational socialization basically involves the procedures an organization and/or individual undergo to acquire necessary skills, attitudes, right conducts and behaviors to become in order to become more productive. Going by the foregoing, it can be established that the singular objective of organizational socialization is on how an organization will be the best of itself ethically and/or otherwise. The procedures ensure an all rounded look into organizational and/or individuals experience from the kick off to the eventual exit. The socialization aspect is critical as organization well being is a function of how ethically and morally sound the environment.

Hence, promoting ethical behavior using multiple choice organizations is the most critical and true about applying organization socialization research.

6 0

3 years ago

Joe Donney operates a roller skating center. He has just received the monthly bank statement at August 31 from Citizens National

dlinn [17]

Answer:

Donney actually have $1,577 at August 31, 2014

Explanation:

Prepare a Bank reconciliation to determine the accuracy of the Cash Balance using the following steps

Step 1

Update the Cash Book (Bank Column) Balance

Cash Book (Bank Column)

Debit :

Balance as at August 31 $1,620

Rent collection $375

Total $1,995

Credit :

Service charge $9

Dishonored Checks $137

Printing Charge $20

Error : Understatement $252

Balance as per updated CB $1,577

Total $1,995

Step 2

Prepare a Bank Reconciliation Statement

Bank Reconciliation Statement as at August 31

Balance at Bank as per updated Cash Book $1,577

Add Unpresented Checks $756

Less Lodgements not yet credited ($1,695)

Balance as per Bank Statement $638

Conclusion :

Now that we have reconciled the Updated Cash Balance of $1,577 to the Bank Statement we can safely say Donney actually has $1,577 cash at August 31, 2014.

3 0

3 years ago

How can producers maximize their profit?

Alina [70]

Answer:

the best possible answer is keep the marginal costs below marginal revenue.

7 0

3 years ago

The hiring of applicants based on criteria that are not job-related is called:

Cloud [144]

The hiring of applicants based on criteria that are not job-related is called job discrimination. Job discrimination usually happens when a person is judged based on his/her gender, race, nationality, disability, religion or age. His/her relevant skills related to the job are not considered.

6 0

3 years ago

Suppose a stock had an initial price of $87 per share, paid a dividend of $2.15 per share during the year, and had an ending sha

djyliett [7]

Answer:

Percentage total return is 12.64%

Dividend yield is 2.19% or 2%

Explanation:

Computing the percentage total return by using the formula:

Percentage total return = Gain or loss / Initial price × 100

where

Gain or loss is determined as:

Gain or loss = Ending Share price - Initial price

= $98 - $87

= $11 (it is a gain)

Initial price is $87

Putting the values above:

Percentage total return = $11 / $87 × 100

= 12.64%

Computing the dividend yield by using the formula:

Dividend yield = Annual dividend per share / Stock's price per share

where

Annual dividend per share is $2.15

Stock's price per share is $98

Putting the values above:

Dividend yield = $2.15 / $98

= 2.19% or 2%

3 0

3 years ago