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lana [24]
3 years ago
11

In a perpetual inventory system, when merchandise is returned to the supplier, cost of merchandise sold is debited as part of th

e transaction.
Business
1 answer:
kvv77 [185]3 years ago
5 0
A perpetual inventory system is an effective means of control over inventory. When a sale is made, under this system, both the sale and cost of merchandise sold are recorded. In case that merchandise is returned to the supplier, the Cost of Merchandise Sold is not debited as part of the transaction. Therefore the above statement is FALSE.

 





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Interest rates and the price of old or existing bonds are a. directly related. b. independent of each other. c. inversely relate
STALIN [3.7K]

Answer:

Option C, “inversely related” is the correct answer.

Explanation:

Option “C” is the correct answer because if the interest rate on the bonds falls then its demand rises. Thus, its rising demand will derive up the price of bonds. If the interest rate rises then the demand for bonds will fall and this will reduce the price of bonds. Therefore, this condition shows the inverse relationship between the interest rate and bond price

7 0
3 years ago
ABC Corporation has declared a rights offering to stockholders of record on Friday, December 10th. Under the offer, shareholders
VashaNatasha [74]

Answer:

The value of a right is $1

Explanation:

10 rights are needed to buy 1 share at the price of $19

Value of total rights = $29 - $19 =$10

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4 0
3 years ago
You have a client, Henry, who does much of his business overseas, and his assistant, sister Avery, often drops off checks at the
ss7ja [257]

It is not permissible to sign the documents on the behalf of the other person.

<h3>What is Business Overseas?</h3>

Business Overseas refers to the business with is outside the country often referred as the International Business. It involves the exchange of the goods and services outside the country.

According to the above scenario, Henry has the international business forgets to sign the critical documents in his absence to the particular place he offers his assistant to sign the papers which is not permissible for him to do so.

Learn more about overseas here:

brainly.com/question/15056320

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5 0
2 years ago
the baldwin Company currently has the following balances on their balance sheetTotal Assets $225,232 Total Liabilities136,748 Re
Tanya [424]

Answer:

see below

Explanation:

Common stock = Assets - Liabilities - Retained earnings

Assets next year = $225,232 + $55,000 = $280,232

Liabilities remain unchanged

Retained earnings = Opening retained earnings + Net income - Dividends

= $36,493 + $44,200 - $12,000

= $68,693

Common stock next year

= $280,232 - $136,748 - $68,693

= $74,791

6 0
3 years ago
Checks are promises to pay a sum of money at some time in the future. <br> a. True <br> b. False
pishuonlain [190]

the answer to this question is true



7 0
3 years ago
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