Answer:
D)determines the inventory on hand only at the end of the accounting period.
Explanation:
Due to the fact of <em>inflation, </em>change of prices over time, a periodic inventory system does not provide a better record over the cost of inventory because it is only determined once in the accounting period, usually at the end of it.
Meanwhile, a perpetual inventory system keeps a record showing the inventory at all time. That is every time a sale is made, cost of goods sold (cogs) is determined.
So if a business does not need to wait until the end of the accounting period to check (cogs), it is better to use a perpetual system.
Answer:
True
Explanation:
Imagine you're selling lemonade. It costs you $2 for a lemon, and you can make 5 glasses from it.
You sell each glass for $1.
At the end of the day, your profit per lemon = the total value of lemonade sold - the total cost of lemons. If you only sell 1 lemon worth of lemonade, it will be $5-$2 = $3 profit.
Net cash flow means the same as "profit".
To get the answer, you need to calculate this:
19 donees (5 married children + 5 spouses + 9 grandchildren) ×$14,000 (annual exclusion for 2016) × 2 donors (Elijah and Anastasia) = 19(14000) (2)
=19(28000)
=532,000
Through this, you will get the answer of $532,000
Answer:
Re-intermediation
Explanation:
Re-intermediation is the method applied by most businesses in using the internet to bring together new customers for a business. The advent of technology can afford business owners the possibility of eliminating physical intermediaries in a business. For example, house agents help people who are seeking for new places to live in, find houses easily. Through the internet, however, landlords can directly advertise their vacant houses, thus eliminating the agent relationship which would have served as an intermediary.
So, when established manufacturers by-pass Amazon (which is an intermediary between buyers and sellers) by adding online services to their existing offerings, they have done a re-intermediation.
