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miv72 [106K]
3 years ago
11

When a periodic inventory system is​ used, ________. A. the process for closing the Income Summary account differs from the proc

ess used in the perpetual inventory system B. there is no need to take a physical count of inventory C. an adjusting entry is needed to record the ending Merchandise Inventory account balance D. beginning Merchandise​ Inventory, Purchases, and Freight In accounts are closed via the Income Summary Account
Business
1 answer:
Finger [1]3 years ago
7 0

Answer:

C.

Explanation:

In a Under Periodic Inventory System, the inventory quantities are updated at the end of the period taking physical inventory count.

There is no track exactly how many items where sold.

It is not know how many items are left until the count closing inventory.

Ecuation:

Inventory at the begining of the period

+

Purchases

-

Cost of goods sold

=

Inventory at the end of the period (the ending inventory is determined by a physical count and subtracted/added from the cost of goods sold)

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Your client's product costs us$50 to produce, and it sells for us$150. she's sold 10 units and spent us$700 on her adwords campa
Komok [63]
I would calculate her return on investment by using this formula ((Profit from client's products - AdWords Expense)/Adword Expense * 100%). Therefore, you could achieve 42.85% (($1000-$700)/$700 * 100%) return on investment from your investment in the Adwords. The profit from the client's product is $1000 (10 * ($150-$50)).
4 0
4 years ago
Following the imposition of a price floor $2 above the equilibrium price, irate buyers convince Congress to repeal the price flo
andrey2020 [161]

Answer:

$3

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

Shortage = $12 - $9 = $3

5 0
3 years ago
Benjamin and Amelia Hopkins have been married since 2016.
Neporo4naja [7]

Answer:

1. c. Both a and b

2. a. Yes, because Benjamin has a Social Security number.

Explanation:

According to tax laws, you can claim a child tax credit for an American dependant below the age of 17 which qualifies Harper for it. Evelyn however qualifies for a Credit for other dependents as she is a resident alien and has an Individual Taxpayer Identification Number (ITIN).

Because Benjamin has a Social Security Number, the Hopkins are indeed eligible to claim an earned income credit. Married couples filling jointly can claim the credit if either of them are U.S. citizens with a valid Social Security number.

3 0
3 years ago
Employees often attend trainings and read policies. They endure these, but do not internalize them. What should be your first st
Paul [167]

The first step in getting employees to appreciate the importance of during the orientation process, the employee receives training in a variety of topics, including data privacy and the protection of personal information.

What is data privacy?

The area of data management that deals with treating personal data in accordance with privacy laws, rules, and industry best practices is known as “data privacy.”

Prior to accessing systems containing personal data, a new employee should have at least a basic understanding of personal data.

Maintaining a culture of personal data protection within the organization, including health data, biometric data, criminal convictions, and security measures data, will depend in large part on keeping employee awareness levels at the greatest possible level.

Hence, the significance of the data privacy is aforementioned.

Learn more about on data privacy, here:

brainly.com/question/27793049

#SPJ1

6 0
3 years ago
Which value gap refers to a company’s failure to accurately assess what customers really want?
fiasKO [112]

Answer:

The correct answer is: Service Quality Gap.

Explanation:

The Service Quality Gap refers to the difference between what a company understands a customer's desires and what must be really done to satisfy that consumer. Firms should make all the efforts in their hands to close that breach and provide the customer with the good or service they need to keep their businesses going. When the gap is not closed, the customer's loyalty fails, pushing them to look for different options in other organizations.

5 0
3 years ago
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