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Lapatulllka [165]
3 years ago
8

Multiple Choice Question

Business
1 answer:
melamori03 [73]3 years ago
4 0

Answer:

The correct answer is - Core revenue recognition principle.

Explanation:

The stipulations of an exchange transaction or other conditions related to the recovery of accounts receivable over a long period may prevent a reasonable estimate of the collectibility of such accounts. Both the term sales method and the income and cost recovery method can be used for the recognition of income and expenses, during the entire period in which collectibility is not reasonably assured.

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Costs of $12,500 were incurred to acquire goods and make them ready for sale. The goods were shipped to the buyer (FOB shipping
Vladimir79 [104]

Answer:

$15,350

Explanation:

Merchandise inventory can be defined as the cost of goods which is for sale at any given period of time in which the distributor or wholesaler acquire from their suppliers with an intention of selling them.

Costs of goods incurred $12,500

Goods shipped to the buyer $950

Additional costs of goods acquired $1,900

TOTAL $15,350

Therefore the buyer’s total cost of merchandise inventory is $15,350

8 0
3 years ago
When the u.s. treasury issues new bonds to replace bonds that have matured, it is engaging in discretionary fiscal spending. inc
lidiya [134]
<span>When the U.S. treasury issues new bonds to replace bonds that have matured, it is engaging in debt refinancing. When you refinance something you are replacing existing debt with new debt, this is for the same object but under new terms. Depending on your credit, often times the interest will go down and/or your payments will be lowered. When the U.S. treasury issues new bonds to replace old ones they are refinancing the debt. </span>
8 0
3 years ago
Procedures and Requirements for starting a Business
erastovalidia [21]

Answer: its the first one:)

5 0
3 years ago
ABC Company's preferred stock pays a constant dividend of $2 per share in perpetuity (Zero Growth). If the required return is 8%
mezya [45]

Answer:

Price per share of preference share = $25

Explanation:

Preference dividend is generally fixed, and does not change as there is a standard rate prescribed at the time of issue of preference shares.

Provided here is, dividend for preference shares = $2

Expected return each year = 8%

Expected growth = 0%

Thus, cost or price per share of preference stock = Dividend/Expected Return = $2/8% = $25 each share.

6 0
3 years ago
Current information for the Healey Company follows:
Zarrin [17]

Answer:

The correct answer would be option A, $125800.

Explanation:

Cost of goods manufactured= Total costs + beginning work in process - Ending work in process

Total costs include Direct Materials, Direct labor and Factory Overheads. So the Above formula can be written as:

CGM = (Direct materials + Direct Labor + Factory overhead) + Beginning WIP  - Ending WIP

Now

Direct Materials = Beginning raw materials + Purchased Raw Materials - Ending Raw materials

= 15200+60000-16600= 58600

Now Direct labor given is = 42800

And Factory Overheads = 30000

So,

Total costs= direct materials + Direct Labor + Factory Overhead

Total Costs= 58600 + 42800 + 30000  

= 131400  

Beginning work in process = 22400

Ending work in process = 28000

NOW Costs of Goods Manufactured/CGM = Total Cost + Beginning WIP -Ending WIP

= 131400+22400-28000

=$125800

5 0
4 years ago
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