In verifying debits to perpetual inventory records of a nonmanufacturing firm, the auditor would be most interested in examining the <u> Vendors' invoices.</u>
Perpetual inventoryis a non-stop accounting practice that facts stock modifications in real-time, without the want for bodily stock, so the ebook stock accurately shows the actual inventory.
The maximum common perpetual inventory machine example is the use of wireless barcode scanners in a grocery keep. It information all scanned transactions at the device straight away as they occur. This way, firms can without difficulty compute the present day and required stockpile.
Perpetual inventory continuously tracks and records gadgets as they may be introduced to or subtracted from the stock. And it keeps tune of the fee of goods purchased and bought. physical stock makes use of a periodic agenda to manually matter and report items and hold song of the cost of what is offered and bought.
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Answer:
3.66%
Explanation:
The yield to maturity can be computed using Excel rate function below:
=rate(nper,pmt,-pv,fv)
nper is the number of semiannual coupons in 9 years i.e 9*2=18
pmt is the amount of semiannual coupon =$1000*4.8%*6/12=24
pv is the current price which is $1087.43
face value is $1000
=rate(18,24,-1087.43,1000)
rate=1.83%
(semiannual yield)
annual yield=1.83%*2
annual yield=3.66%
The advertisement does not constitute an offer because it lacks:
- Serious intention.
- Clear and reasonable defined terms.
- Communication to the recipient.
An offer is an economic term that refers to that property that is willing to be sold for a price. There are also other types of offers that are related to coupons or discounts for consumers to obtain a reward for their loyalty to a brand.
An offer must have three basic components to be considered true, these must be:
- Serious intention: This refers to the fact that whoever offers must make the offer in a formal, real and true way
- Clear and reasonable defined terms: This refers to the fact that whoever offers must establish the terms and conditions clearly and completely for consumers to access them.
- Communication to the recipient: This refers to the fact that whoever offers must communicate to the consumer through advertising or official communications the information necessary to complete a transaction.
Based on the above, it can be inferred that Pepsi did not make a true offer with its ad because the part in which a young man appears on a Harrier airplane had a humorous tone, this does not show Pepsi's intention to offer this service.
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Answer: Department store
Explanation: When an establishment offers products and services to end or final consumers in various product segments or categories, such stores are usually referred to as department stores. The word department means each product offering is separated or segmented with varieties to choose from. In the scenario above, Nicoloss store is composed of departments ranging from Clothing, Cosmetics, travel bags, furniture, which gives shoppers the opportunity to purchase from different categories of products on offer within the walls of a single store.
