1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
CaHeK987 [17]
3 years ago
15

Why is the cost of goods sold account part of a trading business only?

Business
1 answer:
Lisa [10]3 years ago
5 0

Answer:

Yes costs of goods sold is peculiar to those businesses dealing in tangible items

Explanation:

For a service company there is no costs of goods sold because no goods were purchased for resale.The major costs found in the cost structure of a service outfit is manpower costs,since people with requisite knowledge form the main reason for business existence

You might be interested in
The basis of competition is freedom of ______ exercised in the pursuit of ______.
Mazyrski [523]

The basis of competition is freedom of choice exercised in the pursuit of money.

<h3>What is competition?</h3>

Competition is a scenario where different economic firms are in contention to obtain goods that are limited by varying the elements.

The purpose of competition is for businesses to try to outdo each other in order to earn more.

Also, competition enable businesses come up with newer ways to please their customers, hence come up with amazing innovative ideas and better products.

Hence, the basis of competition is freedom of choice exercised in the pursuit of money.

Learn more about economic competition here : brainly.com/question/967467

8 0
2 years ago
in the final​ analysis, how much did the inventory cost burlington​? the inventory cost for burlington is
nata0808 [166]

The inventory cost for burlington is $18,278.

Stock or inventory refers to the goods and substances that a commercial enterprise holds for the last purpose of resale, manufacturing or utilisation. stock control is a area primarily approximately specifying the shape and site of stocked goods.

Stock refers to all of the items, goods, merchandise, and substances held by means of an enterprise for selling in the marketplace to earn a profit. example: If a newspaper supplier makes use of a car to supply newspapers to the customers, handiest the newspaper might be taken into consideration stock. The automobile will be handled as an asset.

Learn more about inventory here:brainly.com/question/24868116
#SPJ4

8 0
9 months ago
Question 1 of 10
Montano1993 [528]

Answer:

it's most likely B or D. but you need to double check

3 0
2 years ago
Equipment with a book value of $80,000 and an original cost of $164,000 was sold at a loss of $34,000. Paid $103,000 cash for a
jonny [76]

Answer:

Cash flows from investing activities is $653,200.

Explanation:

XYZ Company

Statement of cash flows (extract)

Proceed from sale of equipment ($80,000 - $34,000)               $46,000

Purchase of vehicle                                                                       $103,000

Proceed from sale of land                                                            $410,000

Proceed from sale of long-term investments in stock                 $94,200

Cash flows from investing activities                                        $653,200

8 0
2 years ago
Suppose you are interested in studying whether scent affects spatial reasoning abilities. You decide to test spatial reasoning u
Brilliant_brown [7]

Answer: 1. c. There are no differences in the mean completion times among the scents compared

2. Scent; Completion Time

Explanation:

The Null Hypothesis of a research is that hypothesis which you aim to disprove because it holds that no significant relationship between the variables being researched exists.

In this scenario you are studying whether scent affects spatial reasoning abilities.

The Null Hypothesis will.be that which states that there is no relationship between scent and spartial reasoning therefore there will be no differences in the mean completion times among the scents compared.

The factor of interest is the variable that is being changed to examine a difference making it the SCENT in this scenario.

The dependent variable changes due to the Factor of Interest so it is the COMPLETION TIME.

6 0
3 years ago
Other questions:
  • Vest Industries manufactures 40,000 components per year. The manufacturing cost of the components was determined as follows: Dir
    13·1 answer
  • Which statement best explains how manufacturers contributed to the economic slowdown that led to the Great Depression? a They we
    10·1 answer
  • What will happen if a shoe firm sells its shoes at a price lower than the opportunity cost of the inputs used in the production
    10·1 answer
  • Water resource economics. The riparian doctrine Select one: a. Is a method of allocating water, according to proportion of land
    14·1 answer
  • What is 25 x 5? please help i cant do?
    7·1 answer
  • "Kodak focused on maintaining market dominance over Polaroid and Fuji but failed to consider Sony, Nikon, Canon, and even smartp
    9·1 answer
  • Como que frecuencia debe llevarse el registro de ingresos y gastos? ¿porque?
    11·1 answer
  • Most employees who use flextime prefer to work independently of others. In order to accommodate this preference, businesses perm
    9·1 answer
  • Describe China’s strategy in Africa.
    5·1 answer
  • ABC Corporation, has an issue of preferred stock outstanding that pays a $2.50 dividend every year in perpetuity. This stock iss
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!