1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zmey [24]
3 years ago
9

The following statements regarding merchandise inventory are true except: Multiple Choice Merchandise inventory refers to produc

ts a company owns and intends to sell. Merchandise inventory appears on the balance sheet of a service company. Purchasing merchandise inventory is part of the operating cycle for a business. Merchandise inventory may include the costs of freight in and making them ready for sale. Merchandise inventory is reported on the balance sheet as a current asset.
Business
1 answer:
seraphim [82]3 years ago
8 0

Answer:

Merchandise inventory appears on the balance sheet of a service company.

Explanation:

A service company sells services, not goods. Services are intangible, therefore they cannot be stored, so there cannot exist an inventory of unused services.

Merchandise inventory includes the goods that a business owns and will try to sell, and buying and selling them is part of the business's normal activities. The cost of the goods included in the merchandise inventory may include freight costs and packaging costs, depending on what type of product they are selling. Merchandise inventory is a current asset account.

You might be interested in
State the difference between individual and community goods and services<br>​
Luden [163]
Good are things that you can physically have but services are like someone cleaning your house
3 0
3 years ago
Branin Corporation uses a job-order costing system with a single plantwide predetermined overhead rate based on direct labor-hou
Mazyrski [523]

Answer:

D. $5.40 per direct labor-hour and $11,065

Explanation:

The computation of the total job cost is shown below

= Direct material cost + direct labor cost + direct labor hours × predetermined overhead rate

= $715 + $9,000  250 hours × $5.4

= $715 + $9,000 + $1,350

= $11,065

The predetermined overhead rate is come from

= Total fixed manufacturing overhead cost ÷ direct labor hours + variable manufacturing overhead cost per direct labor hours

= $160,000 ÷ 80,000 direct labor hours + $3.40

= $2 + $3.40

= $5.40

6 0
3 years ago
Organizations often start a new marketing research study by first examining secondary data primarily because
34kurt

Answer:

using this information can result in time and cost savings

Explanation:

5 0
3 years ago
Using the same scenario as in number 2, your interviewer tells you that the game costs $1 to play and it has an expected value o
Anastaziya [24]

Roll sum of 19 sum of 17 sum of 15 sum of 13 doubles other winnings $5 $3 $2 $1 $.5 $0.

<h3>What is Roll sum?</h3>

The 12-month rolling sum is the total of the previous 12 months. As the 12-month period "rolls" forward each month, the amount from the most recent month is added and the amount from the previous year is deducted. As a result, a 12-month total has been carried forward to the new month.

Cumulative sums, often known as running totals, are used to show the total sum of data as it grows over time (or any other series or progression). This allows you to see the entire contribution of a specific measure across time.

The total number of possible outcomes is 36, which is equal to the total number of the first die (6) multiplied by the total number of the second die (6).

To know more about Roll sum follow the link:

brainly.com/question/2264527

#SPJ4

7 0
2 years ago
keesha company borrows $290,000 cash on december 1 of the current year by signing a 90-day, 10%, $290,000 note. 1. on what date
kompoz [17]

The account will get mature at Rs 301600

How does this occur?

Maturity rate = 31 days

  • If the option is exercised, the underlying transaction settles on the maturity date. The final day on which a stock warrant may be used to buy the underlying stock at the strike price is known as the maturity or expiration date.
  • Mature stock is defined as stock acquired through the exercise of an option granted under this Plan or another Company plan, delivered to the Company in order to execute the option, and continuously held by the optione for a period of six months or longer.

To know more about Shares here

brainly.com/question/25818989

#SPJ4

8 0
1 year ago
Other questions:
  • One end item A requires three component parts: B, C, and D. The bill of material indicates that for each completed A, 3 units of
    5·1 answer
  • Suppose the dollar value of imports to the U.S. exceed the dollar value of exports from the US. This implies that A. foreigners
    6·1 answer
  • Malco Enterprises issued $14,000 of common stock when the company was started. In addition, Malco borrowed $44,000 from a local
    9·1 answer
  • In order to ensure success, what are the five rules you need to follow before going into business for yourself?
    12·1 answer
  • d. The Trans Pacific Partnership (TTP) met with significant political resistance in the United States when it was announced, (se
    9·1 answer
  • Aria has heard a rumor that a major food company will be forced to recall millions of jars of peanut butter. due to contaminatio
    9·1 answer
  • In an effort to help prevent children from accidentally ingesting pharmaceuticals, the government passed a regulation requiring
    11·1 answer
  • compass Bank is offering an APR of 0.8 %compounded daily on its savings accounts. if you deposit $2,500 today, how much will you
    8·1 answer
  • Calculate ending inventory and cost of goods sold at October 31, using the specific identification method. The October 4 sale co
    7·1 answer
  • Difference between qualified and ordinary dividends
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!