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3 years ago

Which of the following items does not result in an adjustment in the merchandiseinventory account under a perpetual system?

Business

1 answer:

pychu [463]3 years ago

3 0

Answer:

c.Payment of freight costs for goods shipped to a customer

Explanation:

In the inventory account management using the perpetual system, whenever there is an event that may result in a change in the carrying value of inventory, the quantity of the change is immediately determined and adjusting entries are posted.

Examples of such events include purchase of merchandise inventory, return of merchandise inventory to the supplier, .Payment of freight costs for goods received from a supplier (this forms part of the cost of inventory).

From the options given, the only entry that will not result in an adjustment to inventory is c.Payment of freight costs for goods shipped to a customer. This will form part of the selling and distribution cost under operating expenses.

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A $2,000 cash dividend is planned in 2019. No dividend was paid in 2018. 1,000 shares of 5% cumulative $10 par value preferred s

Irina-Kira [14]

Answer:

C) $1000

Explanation:

First lets calculate the cumulative preferred stock dividend for 2 years

(1000 * 10 ) * 5% = 500 / year

so for 2 years = $1000 since it is cumulative and not paid in one year is added to next year.

Total dividend payable = $2000

so for common stock whatever is left over is paid thus,

Common stock share = Total - Preferred cumulative = 2000 - 1000 = $1000

Hope that helps.

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4 years ago

Assume the cost of aluminum used by soft-drink companies increases. Which of the following correctly describes the resulting eff

EastWind [94]

Answer:

III. The supply of soft drinks decreases

Explanation:

Changes different from price and quantity supplied or quantity demanded will cause changes in the total supply or demand. In this case, an increase in the cost of the aluminum used by soft-drink companies will increase their cost of production. Because this affects companies which supply canned soft drinks, this increase in the cost of production will affect the total supply. If the cost of production increase, with the same resources, they will produce less but need to compensate this decrease in units by increasing the price. In the demand and supply graph, the supply will shift to the left and this will decrease the equilibrium quantity and increase the equilibrium price.

6 0

4 years ago

An economy's resources: are always fully employed. can always be over-utilized. can be over-utilized, but only temporarily. can

irakobra [83]

Answer:

The correct answer is could be over- utilized, but for temporarily

Explanation:

Economy resources are those resources or the factors which are used while producing the goods and the services. It could be divided or classified among human resource like management and labor and the non- human resources like technology, land and capital goods.

So, the economy resources could be over- utilized, but for temporarily through adding the shifts as well as running the equipment for longer but the machines could break down and the labor tires, therefore the over utilization cannot be sustained.

7 0

3 years ago

Samantha invested $14,000 at 6% simple interest for 1 year. How much is in the account at the end of the 1 year period

algol13

Explanation:

The interest = PTR/100

So, here P = Principcal

T = time

R = Rate of interest

= 14000 x 6 x 1 / 100 = 840

So interest = 840

So, The amount at the end = Principcal + Interest

= 14000 + 840 = 14840

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3 years ago

Problems and applications q7 for any given demand curve for the right to pollute, the government can achieve the same outcome ei

Bas_tet [7]

We answer this question by bringing about the following supposition:
<span>The corrective tax policy and the number of pollution permits available do not change in spite of this demand shift.</span>

6 0

3 years ago

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