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horrorfan [7]
3 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]3 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.

pogonyaev3 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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If the demand for money is $100 billion and the supply of money is $200 billion, then the interest rate will: fall. rise. remain
Alik [6]

Answer:

fall

Explanation:

The situation above can be best explained by using the "Liquidity Preference Theory." According to the theory when money supply increases (as in the situation above), the interest rate falls. So, this means that many people will be more willing to invest, thereby resulting to a higher income. On the contrary, if the money supply decreases, the interest rate rises. This may temporarily increase the employment condition, however, it can lead to inflation in the long-run.

So, this explains the answer.

7 0
3 years ago
_____ involves looking at all the influences that could affect employee performance in the organization and determining their fi
Maru [420]

Answer: Organizational analysis

Explanation: Organizational analysis involves looking at all the influences that could affect employee performance in the organization and determining their fit within organizational goals and objectives.

5 0
3 years ago
Alchemy Manufacturing produces a pesticide chemical and uses process costing. There are three processing departments—Mixing, Ref
kondaur [170]

Answer:

Explanation:

Opening units  0

Started               56000

                        56000

Transffered        30000

Closing                26000

                             Production Table

Using Weighted Average Method

Cost Element   Complete   Closing WIP   Equivellant production units  

Material                30,000        26,000                      56,000  

Labour Cost             30,000        19,500                       49,500  

6 0
3 years ago
Which of the following would be considered to be the most liquid? small time deposits savings deposits checkable deposits money
Nikitich [7]

Answer:

Checking Accounts

Explanation:

Now lets break this down so you can understand more clearly.

Liquidity simply means the ability to convert any asset in to cash easily.

  1. Small Time Deposits: in USA, small deposits are deposits under $100,000 and "small time" means they are generally deposited for a limited time. like a year or for a quarter. They are liquid, but not as much as Checking accounts.
  2. Checking Accounts: The are designed to support in carrying out daily transactions and are almost equal to "money (cash in hand)". No interest is paid on the balance of these accounts. Moreover, you can use Cheques to do transactions as well.
  3. Money Market Mutual Funds: Mutual funds that invest in low risk debt securities such as Treasury Bills and Commercial Papers.
  4. Savings Accounts: These are deposits made in the intention of saving and bears a descent interest rate too. They are highly liquid too, as you can withdraw cash anytime you want. Yet compared with the Checking Accounts, not so much.

But remember, all the things you've mentioned here has a good liquidity. Checking Account is just "Super" liquid.

7 0
2 years ago
A 10-year, $1,000 par value zero-coupon rate bond is to be issued to yield 7 percent. Calculate your final answer using the form
Neko [114]

Answer:

At 7% price of bond is $508.35

at 6% price of the bond is $558.39

at 10% price of the bond is $385.54

Explanation:

The present value formula given below is very useful here:

PV=FV*(1+r)^-N

fv=$1000

r=7%

N=10

PV=1000*(1+0.07)^-10

PV=1000*(1.07)^-10

PV=$508.35

at 6% rate of return the price of the bond is computed as follows

fv=$1000

r=6%

N=10

PV=1000*(1+0.06)^-10

PV=1000*(1.06)^-10

PV=$558.39

at 10% rate of return the price of the bond is computed as follows

fv=$1000

r=10%

N=10

PV=1000*(1+0.1)^-10

PV=1000*(1.1)^-10

PV=$385.54

3 0
2 years ago
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