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attashe74 [19]
3 years ago
15

When a periodic inventory system is used, a. only the cost of merchandise sold is recorded each time a sale is made. b. only rev

enue is recorded each time a sale is made. c. only the reduction of inventory is recorded each time a sale is made. d. None of these choices are correct.
Business
1 answer:
marysya [2.9K]3 years ago
4 0

Answer:

b. only revenue is recorded each time a sale is made

Explanation:

Under <u>periodic inventory we adjust for COGS at the end of each month,</u>

We don't recognize Cost of Goods Sold at the moment of sale.

<u>When a sale occurs we recognize the revenue associate with the sale only.</u>

<u />

It is under perpetual system when he adjustment on inventory and COGS are done simultaneously with the sale.

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The terms here refer to tools of monetary policy. Match each with its corresponding description. Two of the descriptions here do
OverLord2011 [107]

Answer:

The reserve ratio - The Federal Reserve Bank increases the share of total deposits that banks can legally loan.

The reserve ratio is the percentage of deposits that banks have to keep as reserve and cannot loan. If the fed lowers the reserve ration, it means that banks can loan a higher share of the total deposits that they store.

Open-market operation - The European Central Bank purchases bonds from commercial banks.

In Open-market operations, central banks purchase bonds and other securities in the open market in order to lower the interest rate, or they sell securities in order to raise the interest rate.

The term auction facility - The Federal Reserve requests secret bids from banks for the right to borrow money.

The term auction facility is a program in which the Federal Reserve bids loans under special conditions to bidding banks.

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The discount rate is the rate at which central banks loan money to commercial banks.

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3 years ago
Although the use of DDT was banned in the United States in 1972, a test of the body tissue of an average United States resident
san4es73 [151]

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DDT is the breakdown product of some newer pesticides on the market

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8 0
3 years ago
A company's balance sheet shows: cash $26,000, accounts receivable $32,000, equipment $54,000, and equity $74,000. What is the a
nignag [31]

Answer: $38,000

Explanation:

Given that,

Company's balance sheet shows that,

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Accounts receivable = $32,000

Equipment = $54,000

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Liabilities = Cash + Accounts receivable + Equipment - Equity

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                = $38,000

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3 years ago
expansionary fiscal policy involves part 2 a. increasing taxes or decreasing government purchases. b. increasing government purc
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Expansionary fiscal policy includes increasing government spending and decreasing taxes to increase aggregate demand.

Politics is a conscious system of guidelines to guide decision-making and achieve reasonable results. A policy is a statement of intent, implemented as a procedure or protocol. Policies are typically adopted by a governing body within an organization.

A policy is a law, regulation, procedure, administrative action, incentive, or voluntary practice of a government or other agency. Political decisions are often reflected in resource allocation. Health can be affected by policies in many areas. The term can refer to governments, public sector organizations and groups, individuals, executive orders, corporate privacy policies, congressional rules of procedure, and more. Policies are different from rules and laws.

Learn more about policy here

brainly.com/question/1064937

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8 0
2 years ago
Karen is a mechanical engineer who reports to the mechanical engineering department lead, Mike. Nadine is a project manager in t
Ksenya-84 [330]

Answer:

matrix organization

Explanation:

Matrix organization -

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In this type of organization , there are more than two type of reporting managers.  

Hence , from the given scenario of the question,  

The correct term, is Matrix organization.  

7 0
4 years ago
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