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Pie
3 years ago
12

Regardless of the inventory costing system used, cost of goods available for sale must be allocated at the end of the period bet

ween beginning inventory and net purchases during the period. ending inventory and beginning inventory. net purchases during the period and ending inventory. ending inventory and cost of goods sold. beginning inventory and cost of goods sold.
Business
1 answer:
MaRussiya [10]3 years ago
6 0

Answer:

The correct answer is ending inventory and cost of goods sold

Explanation:

Cost of goods available for sale is defined as the maximum amount of the inventory or the goods which the company could possibly sell during the fiscal or accounting period.

The cost of goods which are available for sale need to be allocated among the cost of goods sold and the ending inventory at the end of the year, where the cost of goods equals to the cost of goods available for sale subtract the ending inventory.

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How can focusing on clean energy and pollution reduction positively impact California's economy?​
Elodia [21]

Answer:

As a part of CSR initiatives (or purely governmental), nurturing environmental beneficial factors is always a plus for the whole economy.

Decreasing pollution can further improve the tourism sector, and change property values by encouraging real estate in "green areas". Clean energy initiatives (wind and solar energy) have the ability to transform the whole energy industry, which is the input for most economy processes and businesses.

6 0
3 years ago
When coded in a WHERE clause, which search condition will return invoices when payment_date isn’t null and invoice_total is grea
tia_tia [17]

<u>Answer:</u>

Option d is the correct answer, i.e; payment_date IS NOT NULL AND invoice_total >= 500

<u>Explanation:</u>

When coded in a WHERE clause, which search condition will return invoices when payment date isn’t null and invoice total is greater than or equal to $500 then payment_date IS NOT NULL AND invoice_total >= 500 and the remaining options are wrong.

Therefore, the Option with, i.e; payment_date IS NOT NULL AND invoice_total >= 500 is the correct answer.

4 0
3 years ago
You wish to retire in 20 years, at which time you want to have accumulated enough money to receive an annual annuity of $24,000
den301095 [7]

Answer:

$3,286.52

Explanation:

Interest rate per annum = 12.00%

Number of years = 25

Number of compounding per per annum = 1

Interest rate per period (r) = 12.00%

Number of periods (n) = 25

Payment per period (P) = $24,000

PV of $24,000 payments after 20 years = P * [1 - (1/(1+r)^n)]/ r

PV of $24,000 payments after 20 years = 24000*[1-(1/(1+12%)^25]/12%

PV of $24,000 payments after 20 years = $188,235.34

Interest rate per annum = 10.00%

Number of years= 20

Number of payments per per annum = 1

Interest rate per period (r) = 10.00%

Number of periods (n) = 20

Future value of annuity (FVA) = $188,235

Annual contribution (P) = FVA/ ([ (1+r)^n - 1] / r)

Annual contribution (P) = 188235/(((1+10%)^20-1)/10%)

Annual contribution (P) = $3,286.52

5 0
3 years ago
A business and its employees take into account the _____________________________________ economic, societal and natural systems
Nitella [24]

Answer:

The correct answer is: Political.

Explanation:

To begin with, a company and its employees take into account the political, economic, societal and natural systems when taking actions that are legal and ethical due to the fact that these are the sytems that comprehends the environment or external context of the organization and represents the factors that tend to change the curse of action or even the situation that the business is going through. Therefore that when the company must look after its image regarding the subject of law and ethics, then it must take into account those particular systems that can vary the accounts of the organization.

8 0
3 years ago
The following selected account balances appeared on the financial statements of the Washington Company:
Contact [7]

Answer:

Cash Collections from customers = $60,000

Cash paid to suppliers = $33,000

Explanation:

Given:

Accounts Receivable, Jan  1 = $13,000

Accounts Receivable, Dec 31 = $9,000

Accounts Payable, Jan 1 = $4,000

Accounts Payable Dec. 31 = $7,000

Merchandise Inventory, Jan 1 = $10,000

Merchandise Inventory, Dec. 31 = $15,000

Sales = $56,000

Cost of Goods Sold = $31,000

Now,

Cash Collections from customers

= Accounts Receivable, Jan  1 + Sales - Accounts Receivable, Dec. 31

= $13,000 + $56,000 - $9,000

= $60,000

also,

Purchase

= Merchandise Inventory, Dec. 31 + Cost of Goods Sold - Merchandise Inventory, Jan 1

= $15,000 + $31,000 - $10,000

= $36,000

and,

Cash paid to suppliers

= Accounts Payable, Jan 1 + Purchase - Accounts Payable Dec. 31

= $4,000 + $36,000 - $7,000

= $33,000

8 0
3 years ago
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