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horrorfan [7]
4 years ago
10

Complete the following statement. Merchandise inventory that is still available for sale is considered a(n) (asset/expense/reven

ue) and is reported on the (balance sheet/income statement) and merchandise that is sold during the period is considered a(n) (asset/expense/liability) and reported on the (balance sheet/income statement).
Business
2 answers:
Taya2010 [7]4 years ago
8 0

Answer:

Asset

Balance Sheet

Expense

Income statement

Explanation:

An asset is defined as a property of company, from which future economic benefits will arise, as for inventory in hand, the inventory can be sold in future and then future benefits will arise from such sale. Thus, it is an asset and assets are reported in balance sheet.

The expenses are the cost associated to earn the revenue, as when any inventory is sold the inventory is recorded as an expense called cost of goods sold, which is recorded in income statement.

pogonyaev4 years ago
6 0

Answer:

Merchandise inventory that is still available for sale is considered an asset and is reported on the income statement and merchandise that is sold during the period is considered an expense and reported on the balance sheet

Explanation:

This is true by definition:

  • Assets are reported in income statement
  • Expenses are reported in balance sheets
  • Assets are goods or purchases that can be sold and later converted
  • Expenses are actually cash that is spent to earn revenues
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Answer:

The amount that people and businesses choose to hold.

Explanation:

The amount that people and businesses choose to hold.

The total demand for money is the total amount of money that people wants to hold and there are three main reasons for which money is being held. First is transactions related reason, second is the precautionary reason, and third is the speculative reason. The above three reasons push the people to hold the money that becomes the total demand for money.

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3 years ago
Company X wants to borrow $10,000,000 floating for 5 years. Company Y wants to borrow $10,000,000 fixed for 5 years. Their exter
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Answer:

The answer is:

10% fixed rate = Company X's external borrowing (rate);

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Explanation:

First, X will borrow at 10% fixed and Y will borrow at LIBOR + 1.5% floating; both at notational principal of $10 million.

Then; they will enter into a interest swap where:

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- Y will pay to the swap the fixed interest rate 11.8% and receive from the swap LIBOR +1.5%. Thus, Y interest income and interest expenses will be: Borrowed at LIBOR +1.5 and payment 11.8% fixed to the swap; Receipt of Libor + 1.5% from Bthe Swap=> Net effect: Y borrowed at 11.8% fixed ( saving of 0.2%).

4 0
3 years ago
The Platinum Platform, in Dubuque, Iowa, sells high-quality, unique bedding that is a real value to upscale homes in the area. N
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According to my research on different business strategies, I can say that based on the information provided within the question The Platinum Platform is utilizing a focused-differentiation strategy. This is a strategy that focuses on offering specific products that make the customer believe that the product is vastly superior to it's competitors even though prices are higher. This allows them to gain a competitive advantage in the market. Which is what Platinum Platform is doing by offering it's unique high quality bedding.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
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What effect does the change in the market for cripps pink apples have on the price of the apples and on the quantity supplied an
Anika [276]

Answer:

The change in the market for Cripps  is positively related with other apples.

Explanation:

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3 0
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The terms of a business combination can provide that former shareholders of the acquired firm may receive additional compensatio
Art [367]

Answer:

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