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Juliette [100K]
3 years ago
9

The inventory system whereby the merchandise inventory account balance is merely a record of the most recent physical inventory

count is called the:
Business
1 answer:
Phantasy [73]3 years ago
5 0
The inventory system whereby the merchandise inventory account balance is merely a record of the most recent physical inventory count is called the periodic system. The periodic inventory system is a<span> method of accounting for merchandise inventory in which the cost of the inventory sold is determined only at the end of an accounting period.</span>
<span>The updates in this system are made on a </span>periodic<span> basis. </span>
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An assumption for a construction project could be Select one: a. a grant will be secured to help fund the project. b. the materi
Eduardwww [97]

Answer:

a. a grant will be secured to help fund the project.

Explanation:

In project management, a project manager can be defined as an individual or organization that temporarily undertakes a project in order to create a unique result, product, and service. Project managers strives very hard so that they can achieve their aims, goals and objectives in the most cost-effective, efficient and best manner through the use of unique set of interrelated tools, skills and tasks.

An assumption for a construction project could be, a grant will be secured to help fund the project.

Project managers sometimes embark on the execution of projects without having enough fund to finish it successfully. There assumptions are usually that once they have commenced the process, a grant can be secured from creditors, investors or financial institutions to help fund the remaining part of the project. However, since it is an assumption, they're not guaranteed that the grant will be given to them; therefore, this can result to the stalling of projects sometimes.

By virtue of standards, materials to be used to construct the building, the size of the building that is to be constructed and the regulations and codes required for the building should never be assumed by project managers.

6 0
4 years ago
a stock broker allocated $100,000 to an account earning 4% per year compounded continuously. if no withdrawals are made, how muc
Lisa [10]

$100,000 was allocated by a stockbroker to a portfolio yielding 4% annually compounded. If no withdrawals are taken, there will be $117,352 left in the account after four years.

Given a certain rate of return, present value (PV) is the current value of a future financial asset or stream of cash flows. A discount rate or the interest rate that could be obtained through investment is applied to the future value to get the present value.

According to the continuously compounded interest formula,

FV = PV e^{it}

Here,

Present Investment Value, or PV

the interest rate, I

T = time in years

So,

In light of the specified

PV = $ 100,000

I = 4% = 0.04

t = 4 years

Hence

FV stands for "Final Investment Value"

Then,

FV = 100,000 * e⁰.⁰⁴ˣ⁴

FV = 100,000*e⁰.¹⁶

FV = 100,000 * 1.173510871

FV = 117351.0871

FV = 117351

Hence

The balance in the account after four years was = $117,352

To know more about Present Value, refer to this link:

brainly.com/question/1212987

#SPJ4

7 0
1 year ago
1. The government is mulling protecting the shoe industry. It estimates it needs to protect it for 6 years to the tune of $5 bil
faust18 [17]

Answer:

PV of cash outflows = Annuity*(1-1/(1+rate)^number of terms)/rate

= 5000000000*(1-1/(1+9%)^6)/9%

= 22429592951.15

PV of inflows at end of 6 years= Annuity*(1-1/(1+rate)^number of terms)/rate

= 200000000*(1-1/(1+9%)^100)/9%

= 2221820304.00

PV of inflows now = 2221820304/1.09^6 = $1,324,798,853.47

NPV = -22429592951.15+1324798853.47

= -21104794098

We see that the Net Present value added by this method is negative. Hence the project is not beneficial.

5 0
3 years ago
Schneider Inc. had salaries payable of $61,600 and $90,000 at the end of 2017 and 2018, respectively. During 2018, Schneider rec
BARSIC [14]

Answer:

$593,000

Explanation:

Given data  for Schneider Inc.

Salaries payable at the beginning of 2018 (end of 2017) = $61,600

Salary expense during the year (2018) = $621,400

Salary payable at end of year (2018) = $90,000

Salaries paid = ?

Let the salaries paid = S

Using the formula

Salaries payable at the beginning of 2018 + Salary expense during the year - Salaries paid = Salary payable at end of year

$61,600 + $621,400 - S = $90,000

S = $61,600 + $621,400 - $90,000

S = $593,000

Cash outflows for salaries in 2018 were $593,000.

5 0
3 years ago
An investment will pay $150 at the end of each of the next 3 years, $250 at the end of Year 4, $300 at the end of Year 5, and $6
7nadin3 [17]

Answer:

Year     Cashflow       [email protected]%       PV

                 $                                      $

1               150             0.8929       134

2              150             0.7972        120

3              150             0.7118          107

4              250            0.6355        159

5              300            0.5674        170                                                                                   6              600            0.5066       <u>304  </u>                                                                                                                                                                                                                                        

                                                     <u> 994</u>

Explanation:

In this case, we will discount the cashflow for each year at 12% per annum.  The discount factor can be obtained by using the formula (1 + r)-n. Then, we will multiply the cashflows by the discount factors in order to obtain the present values. All the present values will be added up.

8 0
4 years ago
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