The next items to subtract from net sales in order to compute net income for a merchandiser are <u>Expenses</u>.
<h3>What are the expenses for a merchandiser?</h3>
The expenses for a merchandiser include selling and distribution expenses. Others are administrative expenses, including depreciation for long-term assets, and tax expenses.
Thus, o compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other <u>expenses</u>.
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Letter A and B are absolutelly incorrect. I think it is C... Not sure
Answer:
Current Ratio: 2.49; 2.7; 1.75
Acid test ratio: 1.32; 0.64; 0.65
Explanation:
Current ratio
For Camaro:
= Current assets ÷ Current liabilities
= $ 5,915 ÷ $2,380
= 2.49
For GTO:
= Current assets ÷ Current liabilities
= $3,780 ÷ $1,400
= 2.7
For Torino:
= Current assets ÷ Current liabilities
= $6,900 ÷ $3,950
= 1.75
Acid test ratio:
For Camaro:
= (Current assets - Inventory - Prepaid expense) ÷ Current liabilities
= ($5,915 - $2,375 - $400) ÷ $2,380
= $3,140 ÷ $2,380
= 1.32
For GTO:
= (Current assets - Inventory - Prepaid expense) ÷ Current liabilities
= ($3,780 - $2,180 - $700) ÷ $1,400
= $900 ÷ $1,400
= 0.64
For Torino:
= (Current assets - Inventory - Prepaid expense) ÷ Current liabilities
= ($6,900 - 3,450 - $900) ÷ $3,950
= $2,550 ÷ $3,950
= 0.65
Process costing: It is a costing system which is used for manufacturing companies which involves more than one process in production of goods. It uses cost per equivalent units and equivalent units in production in order to transfer costs to its finished goods inventory and ending WIP.
What is weighted average method?
- The weighted average takes into consideration the relative significance or recurrence of a few variables in a information set.
- A weighted average is in some cases more precise than a straightforward average. In a weighted average, each information point esteem is increased by the doled out weight which is at that point summed and separated by the number of information points.
- For this reason, a weighted average can progress the data's accuracy. Stock financial specialists utilize a weighted average to track the fetched premise of offers bought at changing times.
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The correct answer is C) imports will decrease and exports will decrease by an equal amount.
In a small open economy with a floating exchange rate, if the government imposes a tariff on foreign goods, then in the new short-run equilibrium: imports will decrease and exports will decrease by an equal amount.
In a floating exchange rate, the currency price of the nation is set by supply and demand. The forex market allows supply and demand to determine the currency exchange rate. The opposite of this situation is a controlled rate in countries where the federal government exert control to the currency.
