Answer:
c) Inventory (beginning) and Purchases.
Explanation:
When you use perpetual inventory system, you must record cost of goods sold every time you make a sale. But when you use a periodic inventory system, you close cost of goods sold with merchandise inventory account at the end of the period.
beginning inventory + purchases - ending inventory = cost of goods sold
Answer:
104.6 million
Explanation:
Data provided in the question:
Free cash flows for 2018 = $58.1 million
Investment in operating capital = $41.1 million
Depreciation expense = $15.5
Taxes on EBIT in 2018 = $20.9 million
Now,
EBIT
= Free Cash Flow + Investment in operating capital + Taxes - Depreciation
on substituting the respective values, we get
EBIT = $58.1 million + $41.1 million + $20.9 million - $15.5
or
EBIT = 104.6 million
The amount that it should budget for total expenses is: $456,103.
<h3>Budgeted total expense</h3>
Using this formula
Total expenses=(Yearly sales×38%)+ (Yearly sales×24%)
Let plug in the formula
Total expenses=$279,547+$176,556
Total expenses=$456,103
Therefore the correct option is A.
Learn more about total expenses here:brainly.com/question/25317819
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Answer:
cost effectiveness
Explanation:
In simple words, cost effectiveness refers to the attribute of some data or report in which the benefits of operations comes more than the cost leading to overall profit situation of the firm. As per the accounting standards, accounting information should be neutral, relevant and complete but cost effectiveness traits sometimes leads to some unethical practices like misleading information or misrepresentation.
Thus, cost effectiveness can be seen as a constraint on the accounting information as it works as an incentive to mislead the stakeholders or otherwise it could lead to damage to the firm in many ways.
