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2 years ago

Goods that are typically expensive and consumed over long periods of time are known as _____.

1 answer:

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Goods that are typically expensive and consumed over long periods of time are known as Durable goods. Thus the correct answer is A.

<h3>What are goods?</h3>

Goods are referred to as items that are used to satisfy the desires of customers. These are used as a possession to a complete product in the form of raw materials to finished products. These goods are purchased by the Buyer.

Durable goods are referred to as goods that expensive in cost and consumed over long periods of time. Their expected lifetime is more than 3 years which makes them durable.

Therefore, option A is appropriate.

Learn more about Goods, here:

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Kirtland Corporation uses a periodic inventory system. At the end of the annual accounting period, December 31, the accounting r

pashok25 [27]

Answer:

cost of goods available for sale= $4,060

Explanation:

Giving the following information:

Beginning inventory, January 1: 400 $3.00

Purchase, January 30: 300 3.40

Purchase, May 1: 460 4.00

<u>The cost of goods available for sale is the sum of the beginning inventory and the purchases of the period:</u>

<u></u>

cost of goods available for sale= beginning inventory + purchase

cost of goods available for sale= 400*3 + 300*3.4 + 460*4

cost of goods available for sale= $4,060

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3 years ago

The board of commissioners of the City of Hartmoore adopted a General Fund budget for the year ending June 30, 2017, that includ

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Answer:

The Journal entry at the beginning of the year is as follows:

Estimated revenue A/c Dr. $1,342,500

Estimated other financing sources-Bonds proceeds A/c Dr. $595,000

To Appropriations control $960,000

To Appropriations-Other financing uses-operating transfer outs $532,500

To Budgetary fund Bal. $445,000

(To record entry at the beginning of the year)

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3 years ago

The accounting manager of Gateway Inns has noted that every time the inn's average occupancy rate increases by 3.3 percent, the

Archy [21]

Answer: 26.15

Explanation: The degree of operating leverage is calculated as the percentage change in operating income in relation to a percentage change in sales.

Thus the degree of operating leverage of Gateway inn is calculated thus:

DOL = Cont Margin/Operating income

DOL = 47/(4.6-3.3)

DOL = 47/1.3

DOL= 26.15

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4 years ago

Wilde Software Development has a 12% unlevered cost of equity. Wilde forecasts the following interest expenses, which are expect

raketka [301]

Answer: $400.56

Explanation:

Horizon value = Tax shield in 3rd year * (1 + growth rate) / (Required return - Growth rate)

Tax shield in year 3 = Interest expense * tax rate

= 140 * 25%

= $35

Horizon value = 35 * ( 1 + 3%) / (12% - 3%)

= $400.56

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3 years ago

Property taxes and fines represent which of the following classes of nonexchange transactions for government units? Group of ans

zepelin [54]

Answer:

B. Imposed Non Exchange Transactions

Explanation:

A non exchange transaction is a form of transaction whereby a party or a group or an individual receives something of value without directly giving value back in exchange. In non exchange transactions, a party gives value to another without directly receiving approximate value in exchanges. Grants, taxes, special assessments, fines and so on are all parts of non exchange transactions. However, taxes and fines are imposed non exchange transactions because they are assessed and not derived from transactions.

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3 years ago