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
MariettaO [177]
3 years ago
7

Which of the following accounts would be closed at the end of the year using the perpetual inventory​ system? A. Accounts Payabl

e B. Merchandise Inventory C. Accounts Receivable D. Cost of Goods Sold
Business
1 answer:
grigory [225]3 years ago
5 0

Answer: Option (D). Cost of Good Sold

Explanation: Cost of goods sold is the carrying value of goods sold during a particular period of time. Furthermore, Cost of goods sold refers to the cost of acquiring or manufacturing the products that a company sells during a particular period of time and Costs of goods can include material, labor, and allocated overhead.

Cost of Goods Sold accounts would be closed at the end of the year using the perpetual inventory​ system.

You might be interested in
When the market rate is 8%, a company issues $50,000 of 9%, 10-year bonds dated January 1, 2017, that mature on December 31, 202
yanalaym [24]

Answer: Credit, $45,000

Explanation:

The bond payable is the interest payable on the bond and it's Bond issued value mutiply by issued rate

$50,000 * 9%* 10 years

8 0
3 years ago
Pet Supply purchased some fixed assets two years ago at a cost of $43,800. It no longer needs these assets so it is going to sel
DiKsa [7]

Answer:

$28,483.4

Explanation:

The computation of the net cash flow is shown below;

Asset cost       $43,800

MACRS Rate 0.2 0.32

                     8760 14016

So total depreciation is

= $8,760 + $14,016

= $22,776

Now  

Book Value of the company is

= oriignal value - depreication

= $43,800 - $22,776

= $21,024

And,  

Sale price = 32500

So,  

Gain is

= $32,500 - $21,024

= $11,476

So,  

Tax = 0.35% of 11476

= $4,016

And, finally  

Net cashflows is

= Sale price - tax

= $28,483.4

6 0
2 years ago
Read 2 more answers
When the store hires two workers, they are able to serve 16 customers per hour. When the store hires three workers they are able
kotegsom [21]

Answer: $24

Explanation:

Given that,

Two workers serve = 16 customers per hour

Three workers serve = 22 customers per hour

Each customer spends an average of $4 in the store.

Total revenue from Two workers = 16 × $4

                                                       = $64

Total revenue from Three workers = 22 × $4

                                                          = $88

Therefore, the marginal benefit of hiring the third worker would be:

=  Total revenue from Three workers - Total revenue from Two workers

= $88 - $64

= $24

7 0
3 years ago
Question 10 of 10: you've been meaning to fix those rotted boards on your porch for years. finally, last week the deck gave way.
yulyashka [42]

you've been meaning to fix those rotted boards on your porch for years. finally, last week the deck gave way. No, you will not be able to recover the cost of replacement. This is further explained below.

<h3>What is the cost?</h3>

Generally, the cost; In order to get or carry out (something), one must first spend (a certain quantity of money).

In conclusion, You've been looking at the rotten planks on your porch for years and know you need to do something about it. The deck ultimately collapsed last week. The cost of replacement cannot be recouped, unfortunately.

Read more about the cost

brainly.com/question/14094934

#SPJ1

5 0
2 years ago
Your boss has told you to hire four more people to help you keep track of inventory. What kind of need is this
Fynjy0 [20]
I would say thats a business operations need!

Hope this help! :)
7 0
2 years ago
Other questions:
  • ________ are voluntary collectives with the purpose of advancing their members' interests. one example of such a collective is t
    8·2 answers
  • Congress would like to increase tax revenues by 11.5 percent. assume that the average taxpayer in the united states earns $62,00
    15·1 answer
  • MC Qu. 110 Southland Company is preparing... Southland Company is preparing a cash budget for August. The company has $17,100 ca
    14·1 answer
  • When japanese plead "uniqueness" and claim that japanese skin is different so foreign cosmetics companies must test their produc
    11·1 answer
  • *ECONOMICS*
    6·1 answer
  • If a market is in equilibrium is it necessarily true that all potential buyers and sellers are satisfied with the market​ price?
    5·1 answer
  • Suppose the number of people employed (E) is currently 100 and the number unemployed (U) is 10 and the labor force is fixed at 1
    15·1 answer
  • Spencer wants to work in a field that relates to alternative energy sources. His research suggests these careers (see list below
    10·1 answer
  • Robles Manufacturing has eight different accounting policies that they need to disclose in their financial statements as well as
    6·2 answers
  • Identify which statement is true of specialty products. a. They are made directly available to a consumer through direct mail. b
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!