Answer:
The answer is all academic work
Explanation:
I just got it right
The rate of increase for these automobiles between the two time periods is 10%
<h3>What is automobiles?</h3>
Automobile is the wheeled vehicle usually having four wheels and generally used for the transportation purposes. For example :- car, buses, trucks, bike etc.
In the above case, the average cost of the automobile is $12000 in 2009 but now it has increased to $ 13200. For the calculation of the increased rate of the auto mobile following formula is used as follows:-
Increased rate = (current value -Initial value )/current value * 100
=( $13,200 - $12,000)/ $12,000 *100
=$1200/ 12000 *100
= 10%
Therefore, the rate of the increase for these automobile between 2 periods is 10%.
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Answer:
c. Cost of goods sold is recorded with each sale.
Explanation:
In the perpetual inventory system, the inventory is recorded. It helps to keep the inventory records during the particular period.
The examples are purchase, purchase return, sales and sales return and sales discounts and purchase discounts
After each transaction, the inventory and the costs of goods sold are updated after each sale
