Answer:
d. Applying a blanket gross profit rate to merchandise that have wide varying rates of gross profit
Explanation:
To know what problem could arise fro mthis method, we must understand the method:
ending inventory = cost available for sales - sales x (1- gross profit)
being cost available for sales = beginning invnetory + purchases
a) if a portion of inventory is destroyed, then we subtract it from the cost available for sales and we should be okay.
b) the amount of purchase is being considered so it will not produce a distorsion
c) then beginning invnetory equals to zero in the formula of cost availalbe and we are also okay
d) here is the problem, if there is a wide array of gross profit we could do an average but it will lead to distorsion if the sales are not in the expected weight.
Answer:
Option B:ABC Equity Income Fund
Explanation:
Mutual fund
This iss simply a form of an investment that comes or raises from the hands of investors, pools the money, which is directly invested on stocks, bonds, and other investments. It is said that under mutual funds, investor involved do owns a share of the fund proportionate to his/her investment but do not actually directly own securities. It pools money from investors with similar financial goals
It therefore necessary to achieve both current income and growth of income best suits the objectives and investment profile of the client. The capital appreciation and biotechnology funds not only fail to provide income; they are too risky for this retired person.
Advantages of Mutual funds
-diversification
-professional management, managers have access to high quality information
Advantage of mutual funds
1. Minimal transaction costs includes:
2. B/C mutual funds trade in high volume, they can negotiate lower transaction costs.
Answer:
false
Explanation:
i don't about it but i have never saw a Stadium parking
Answer: Not change the quantity demanded.
Explanation: In a market demand is said to be perfectly inelastic, if the demand for commodities is not affected by price changes.
Therefore since the demand for natural gas in perfectly inelastic, the demand will not change regardless of the change in price of the gas.
Answer:
a profitable opportunity involving three separate currency exchange transactions.
Explanation:
A triangular arbitrage occurs when the exchange rate between 3 currencies do not match up.