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anastassius [24]
3 years ago
14

When a perpetual inventory system is used, the unit costs of the items sold are known at the date of each sale. In contrast, whe

n a periodic inventory system is used, unit costs are known only at the end of the accounting period. Why are these statements correct?
Business
1 answer:
vlada-n [284]3 years ago
4 0

Answer and explanation:

The statements are correct because using the perpetual inventory system implies recording purchases and returns at the same moment items are received or sold. The Cost of Goods account is updated every time their inventory exists. On the other hand, the periodic inventory system records buying or selling activities following a schedule that could be every month, quarter or once per year. The Cost of Goods account is used occasionally.

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What do liquidity ratios measure? Select one:
Rama09 [41]

<u>Answer:</u>

Liquidity ratios measure (C) the extent of a firm's financing with debt relative to entity.

<u>Explanation:</u>

Liquidity ratio is used in determining a company's ability to pay off all the current debts without taking or raising any external capital. It measures the company's ability whether the company is able to pay their debts or not through the calculation of "CURRENT RATIO" (It tells the investors how they can maximize the assets to satisfy their current debts), "QUICK RATIO" (It shows the company's ability to use it cash/assets and pay off its current debts. It is also known as acid test ratio) and "OPERATING CASH FLOW RATIO" (this helps in measuring how much the current debts can be paid off by the cash flow which is generated by the company's operation).

3 0
3 years ago
Allo Foundation, a tax-exempt organization, invested $200,000 in cost-saving equipment. The equipment has a five-year useful lif
murzikaleks [220]

Answer:

$34,310.45

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.  

NPV can be calculated using a financial calculator  

Only projects with a positive NPV should be accepted. A project with a negative NPV should not be chosen because it isn't profitable.  

When choosing between positive NPV projects, choose the project with the highest NPV first because it is the most profitable.

Cash flow in year 0 =  $-200,000

Cash flow in year 1 - 5 = 65,000

I = 12%

NPV = $34,310.45

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.  

3. Press compute  

6 0
3 years ago
Wesley has recently graduated and accepted his dream position with a law firm. The human resources team has requested that he tu
artcher [175]

Answer:

The name of the document is Curriculum Vitae.

Explanation:

Curriculum Vitae  (CV) is a document that provides detail information about an individual's educational and work history. In this document, you list the qualifications to apply for employment.

There are no fixed rules on the length and content of a C.V. Generally it follows the next structure. Begin with your contact information, such as your complete name, address, telephone number, and email address. You must also indicate your area or areas of academic interest. It should include a personal profile, career objective, and professional profile, it’s a short paragraph giving prospective employers an overview of who you are and what you’re all about.

Focus on your experience and educational background, for example, schools attended and degrees earned, your CV should include a comprehensive account of your academic history.

You can add sections like key skills, hobbies, interests, and references.

8 0
3 years ago
Which statement below best answers the economic question How to produce?. . Marco's products sell at prices ranging between $2 a
BabaBlast [244]
The word "produce" involves the way the product is made and also the materials used. For this item, I would go with the third choice, "Marco uses locally harvested wood from a sustainable tree farm to make his products". This describes the materials used.
5 0
2 years ago
Read 2 more answers
How many times will interest be added to the principal in 1 year if the interest is compounded quarterly? A. 6 B. 12 C. 4 D. 3
nadezda [96]

Answer:

How many times will interest be added to the principal in 1 year if the interest is compounded quarterly?  C. 4

Explanation:

Compounding means at the end of every term, the interest adds up to the Principal Amount. Compounded quarterly means, you do it for every three months. So after every three months, your interest will be added to principal.

7 0
3 years ago
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