According to the given statement The cost of merchandise sold for the year is $284.
<h3>What is periodic inventory system with example?</h3>
Examples of periodic systems include recording beginning inventory and treating all purchases as credits. Businesses instead do a physical count at the end and reconcile their accounts based on this rather than recording their unique sales during the period to debit.
<h3>What is periodic inventory control system?</h3>
Physical counts are used in periodic inventory systems to measure the inventory levels. After every sale or buy, the perpetual method updates inventory records continuously while keeping track of the inventory balance. Compared to larger merchants, small business owners with lower inventories gain more from periodic systems.
<h3>Briefing:</h3>
Cost of merchandise sold = Beginning finished goods inventory + Inventory purchased during the period - Ending finished goods inventory
Cost of merchandise sold = $115 + $543 - $374
Cost of merchandise sold = $284
To know more about periodic inventory control visit:
brainly.com/question/15682503
#SPJ4
The higher the taxpayer's after-tax rate of return because deferring the distribution decrease the present value of the taxes paid on the distribution.
The required details about tax rate is mentioned below.
The tax rate in a tax system is the ratio (typically represented as a percentage) at which a business or individual gets taxed. A tax rate can be presented in numerous ways: statutory, average, marginal, and effective. These rates can also be provided using two types of tax base definitions: inclusive and exclusive.
A sales tax may have a flat statutory rate while an income tax may have numerous statutory rates for different income levels.
The statutory tax rate is always higher than the effective tax rate because it is expressed as a percentage.
The average tax rate is the ratio of total taxes paid to total tax base.
To learn more about tax rate from the given link:
brainly.com/question/12395856
#SPJ4
Answer:
Which of the following issues can be offered to the public under the 1933 Act?
1. An exempt security.
2. A security registered under the Act.
Explanation:
The security's act of 1933 was formulated and passed into law in 1933 to protect investors after the stock market crash of 1929. The law had two major objectives; to enable transparency especially in the financial statements so that investors can make decisions after considering all aspects and also to provide regulations against misrepresentation to discourage cases of fraud in the securities markets.
The security's act of 1933 provided legislation on the sale of securities which was initially governed by the state laws. The law required the companies to register with the Securities and Exchange Commission (SEC) for full disclosure to potential investors. The information is provided to SEC and the potential investors in the form of a prospectus and a statement of registration.
The following issues are including in what can be offered to the public under this act, namely;
1. An exempt security.
2. A security registered under the Act.
However, the SEC does not approve a prospectus therefor issue number three is not true.
Answer:
B) 86,000
Explanation:
The computation of the equivalent units related to material is shown below:
= Units completed × percentage + ending work in process units × percentage
= 79,000 dolls × 100% + 7,000 dolls × 100%
= 79,000 dolls + 7,000 dolls
= 86,000 dolls
The equivalent units include completed & transferred units and ending units of work in process inventory