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3 years ago

In a periodic inventory system, the quantity of ending inventory is determined by:

2 answers:

8 0

In a periodic inventory system, the quantity of ending inventory is determined by: a physical inventory count. Periodic inventory is an inventory system which records supplies periodically. This makes less hassle to the one doing the inventory since it does not require to take an effort much in tallying unlike in the perpetual inventory system

Verdich [7]3 years ago

7 0

In a periodic inventory system, the quantity of ending inventory is determined by "physical inventory count".

A physical inventory might be ordered by budgetary or financial accounting rules or the expense directions to put an exact value on the inventory, or the business may need to count stock so segment parts or crude materials can be restocked.

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Erastic Company has $14,000 in cash, $8,000 in marketable securities, $34,000 in account receivable, $40,000 in inventories, and

rosijanka [135]

Answer:

1.33

Explanation:

Data provided in the question:

Cash = $14,000

Marketable securities = $8,000

Account receivable = $34,000

Current liabilities = $42,000

Now,

Acid Test Ratio

= (Cash + Marketable securities + Account receivable) ÷ Current Liabilities

= ( $14,000 + $8,000 + $34,000 ) ÷ $42,000

= $56,000 ÷ $42,000

= 1.33

8 0

3 years ago

Assume that the number of hosts connected to the Internet at year 2010 is five hundred million. If the number of hosts increases

daser333 [38]

Answer:

3096 million is the number of hosts in year 2020.

Explanation:

The number of hosts connected to the Internet at year 2010 ,P= 500 million

If the number of hosts increases only 20 percent per year.

Rate at which host increasing per year = 20% =0.20

Number of times host increased per time period(here in per year) = n = 1

The number of hosts connected to the Internet at year 2020 = P'

Duration of time = 2020 year - 2010 year = 10 years

$P'=P(1+\frac{R}{n})^{nT}$

$P'=500 million(1+\frac{0.20}{1})^{1\times 10}$

P' = 3095.87 million ≈ 3096 million

3096 million is the number of hosts in year 2020.

8 0

4 years ago

A retail company sells agricultural produce and consumer products. The company procures materials from farmers and local produce

natima [27]

Answer:

Inbound Logistics

Explanation:

Logistics is the method of managing materials and information between two points that is between the supplier and the manufacturer.

Inbound logistics means managing the materials and parts between the manufacturer and the supplier with the help of transportation and deals with the procurement and storage of the materials and parts.

A retail company sells agricultural produce and consumer products. The company procures materials from farmers and local producers. This process is an example of Inbound Logistics.

4 0

3 years ago

Old Economy Traders opened an account to short-sell 1,000 shares of Internet Dreams from the previous question. The initial marg

Molodets [167]

Answer:

a) 8,000

b) Yes

c) -60%

Explanation:

a) 8,000

b) Yes

c) -60%

) 8,000

a.the trader puts up=20000(1000*50%*40)

he lost $10000(1000*$10)

if he trader pays $2000 in dividend

the remaining margin=20000-10000-2000

$8000

b.) margin rate=equity /liability

8000/50000*100%=

16% , so we have a margin call

c.Equity decreases from 20000 to 8000 in 1 year

return= -12000/20000=-0.60

=-60%

4 0

4 years ago

Kaplan, Inc. produces flash drives for computers, which it sells for $27 each. The variable cost to make each flash drive is $13

horsena [70]

Answer:

Contribution per unit

= Selling price - Variable cost per unit

= $27 -$13

= $14

Contribution margin ratio

= Contribution per unit

selling price

= $14

$27

= 0.518518518

Break-even point in dollars

= $1,400

0.518518518

= $2,700

Explanation:

Break-even point in dollars equals fixed cost divided by contribution margin ratio. Contribution margin ratio is equal to contribution per unit divided by selling price. Contribution per unit is selling price minus variable cost per unit.

4 0

4 years ago