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GuDViN [60]
3 years ago
12

Under a perpetual inventory system, when a shortage is discovered a.Merchandise Inventory is debitedb.Cost of Merchandise Sold i

s creditedc.Inventory Shortages is creditedd.Merchandise Inventory is credited
Business
1 answer:
eduard3 years ago
5 0

Answer: d. Merchandise Inventory is credited

Explanation: merchandise Inventory is a current asset showing the cost of goods on hand and available for sale at any given moment in time and is continuously updated to reflect items on hand under the perpetual inventory system. Under the perpetual inventory system, the Merchandise Inventory account is debited and credited for each purchase and sale respectively. This effectively shows the current balance in the account at all time. However, during shortages, the Merchandise Inventory is credited.

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Hotel Cortez is an all-equity firm that has 10,900 shares of stock outstanding at a market price of $37 per share. The firm's ma
Stella [2.4K]

Answer:

$32,264.07

Explanation:

The computation of the Break-even EBIT  is shown below:

(EBIT ÷ Number of shares) = (EBIT - Interest) ÷ Number of shares  

(EBIT ÷ 10,900) = (EBIT - $66,000 × 0.08) ÷ (10,900 - (66,000 ÷ $37))

(EBIT ÷ 10,900) = (EBIT - $5,280) ÷ (10,900 - 1,783.78)

(EBIT ÷ 10,900) = (EBIT - $5,280) ÷ (9116.22)

After solving this, the value of break-even EBIT is $32,264.07

6 0
3 years ago
If, as a person consumes more and more of a good, each additional unit adds less satisfaction than the previous unit consumed, w
zalisa [80]

Answer:

The correct answer is option D.

Explanation:

The law of demand states that keeping other things constant there is an inverse relationship between quantity demanded and price.

According to the law of increasing marginal opportunity cost with each additional output the marginal opportunity cost to produce next unit of output increases.

While the law of supply states that keeping other things constant there is a direct relationship between price and quantity supplied.

According to the law of diminishing marginal utility, the marginal utility derived from the consumption of each additional unit of good keeps declining as more and more unit of goods is consumed.

So, option D is the correct answer.

8 0
3 years ago
What is an amount of money multiplied by the interest rate and the amount of time that the money will be earning interest?
Slav-nsk [51]
I just took the test online, It's Future Value.
3 0
3 years ago
Read 2 more answers
Three months ago, you purchased a stock for $54.14. The stock is currently priced at $57.36. What is the EAR on your investment?
Crazy boy [7]

Answer:

The EAR on the investment is 23.79%

Explanation:

Here, we are concerned with calculating the EAR on the stock investment.

Firstly, we start with calculating the return on shares

Mathematically, that is; P1 - P0

From the question P1 = $57.36 while P0 = $54.14

So Return on shares = $57.36-$54.14 = $3.22

We proceed with calculating the Return on shares in percentage

Mathematically;

Return on shares in % = Return on shares/P0 * 100

= 3.22/54.14 * 100 = 5.95%

Lastly we calculate the effective annual interest;

The effective annual interest = 5.95%/3 * 12 = 23.79%

5 0
3 years ago
Assume the economy faces high unemployment but stable prices. Which combination of government policies is most likely to reduce
nexus9112 [7]

Increase government spending and the purchase of bonds/securities.

This will stimulate the economy by providing jobs an incomes through government projects rather than changing interest rates or the money supply which is more likely to affect inflation.

7 0
3 years ago
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