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Anon25 [30]
3 years ago
7

Under a periodic inventory system: ______.a. the current inventory available for sale is always known. b. the merchandise invent

ory balance is updated after each sale and each purchase. c. the merchandise inventory balance reflects the ending inventory. d. the merchandise inventory balance reflects the beginning inventory.
Business
1 answer:
cupoosta [38]3 years ago
6 0

Answer:

C) the merchandise inventory balance reflects the ending inventory.

Explanation:

When a company uses the periodic inventory system, inventory records are updated only at the end of each accounting period. The periodic inventory system records cost of goods sold (COGS) at the end of the accounting period after the inventory records have been updated.

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The business owner used $25000 from their personal savings account to but common stock in their company. what would be the journ
irina1246 [14]

The accounting entry is to Credit Cash for 25000 and Debit Common Stock for 25,000

<h3 /><h3>What is journal entry?</h3>

Journal entry shows how a business financial transactions are being recorded.

Typically, when cash is withdrawn from a business or personal account, the accounting entry is to credit the cash account.

Hence, the accounting entry is to Credit Cash for 25,000 and Debit Common Stock for 25.000.

Learn more about journal entry here : brainly.com/question/14279491

#SPJ1

7 0
2 years ago
In 2010, the number of clown costumes sold at a single costume shop was 17. By 2015, that number had grown to 39. Assuming a con
Leviafan [203]

Answer:

No of clown sold in 2010 = 17

No of clown sold in 2015 = 39

Unit rate of change = 39 - 17/17 x 100

Unit rate of change = 129.41%

Explanation

The unit rate of change from 2010 to 2015 is equal to the number of clown sold in 2015 minus the number of clown sold in 2010 divided by the number of clown sold in 2010 multiplied by 100.

4 0
3 years ago
You have written a call option on Walmart common stock. The option has an exercise price of $89, and Walmart’s stock currently t
Alexandra [31]

Answer:

A. Intrinsic value is 0. Time value is 1.35.

B. 1.35

C. -4.65

Explanation:

7 0
3 years ago
On December​ 31, Sulfur Corporation has the following data​ available: Net Income $ 170 comma 000 Interest expense 30 comma 000
Gnom [1K]

Answer:

40%

Explanation:

The computation of the return on equity is shown below:

= (Net income - interest expense) ÷ (weightage average of common​ stockholders' equity)

where,

Weightage average of common​ stockholders' equity equals to

= (Total common​ stockholders' equity at the beginning of the year + Total common​ stockholders' equity at the end of the year) ÷ 2

= ($410,000 + $290,000) ÷ 2

= $350,000

And, the other items values would remain the same

Now put these values to the above formula

So, the value would be equal to

= ($170,000 - $30,000) ÷ ($350,000)

= 40%

5 0
3 years ago
Use the scenario to answer the question that follows.Marta and Shanika open their own computer repair shop and agree to share th
devlian [24]

Answer:

The correct answer is:  Specialization.

Explanation:

Specialization happens when a person, business or region focuses their productive efforts on a smaller subset of tasks or products to gain a competitive advantage. By specializing, a person or company often becomes better at that task or production than competitors. Usually, the choice is driven by the skills that suits the best to the people or company handling the business.

4 0
3 years ago
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