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Answer:
B. beginning inventory cost of goods purchased – ending inventory
Explanation:
Cost of goods sold = Opening Inventory + Cost of goods purchased - Closing inventory
This is because Opening + Purchases = Total maximum level of inventory held during the year, out of which some will be sold and some will be kept as part of closing inventory.
Thus Total Opening + Purchases - Closing Inventory = Cost of goods sold
Therefore correct option is, here it is clear that beginning inventory + cost of goods purchased is written, as in option A with same factors there is negative sign in front of cost of goods purchased.
B. beginning inventory cost of goods purchased – ending inventory
Answer:
Please see the explanation of the process
Explanation:
In the integrated cash receipt system in which customers makes the payments on account of the physical check that are mailed to the company.
The mail room clerk open the envelops containing the checks and remittance advices and endorse the checks for deposit only.Then the clerk reconcile the checks and remittances advices and prepare the remittance list. The checks, remittance advices and a copy of remittance list sent to the cash receipt department
.
The cash receipt clerk reconciles the checks and remittances advice with remittance list and prepares the deposit slips. Via terminal, the clerk accesses the cash receipt system and creates a record in the remittance file (cash receipt journal) for each remittance advice received. The clerk files the remittance list, remittance advices and one copy of the deposit slips. At the end of the day,a member of the security group deposits the checks in the bank
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The fin To assess a company's financial status and strength ratio analysis entails examining financial accounts. We may assess the firm's liquidity using both the current ratio and the inventory turnover ratios.
Ratio analysis is a statistical method for examining the balance sheet and income statement of a firm in order to learn more about its liquidity, efficiency, and profitability. Ratio analysis serves as the foundation for basic equity research. Ratio analysis looks at line-item data from a company's financial statements to provide insights about profitability, liquidity, operational performance, and solvency.
Ratio analysis allows you to compare one firm to another within the same industry or sector and track how one company has changed over time.
Although ratios provide helpful information about a company, they should be combined with.
Learn more about Ratio analysis here.
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Answer:
a bank
Explanation:
that is where you open a savings account
