In a periodic inventory system, the cost of goods sold is not recorded as each sale that occurs is a true statement.
<h3>Periodic Inventory System</h3>
- A physical count of the inventory is conducted at predetermined intervals as part of the periodic inventory system, a technique of inventory valuation for financial reporting reasons.
- In order to calculate the cost of goods sold, this accounting method starts with an inventory at the beginning of the period, adds fresh inventory purchases throughout the period, and subtracts ending inventory.
- A corporation using the periodic inventory system won't be aware of its unit inventory levels or COGS until the physical count process is finished.
- For a company with a small number of SKUs operating in a sluggish market, this method might be suitable, but for all other companies, the perpetual inventory system is preferred.
Hence, the given statement is true.
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Answer:
D)The yield to maturity of a callable bond is calculated as if the bond were called at the earliest opportunity.
Explanation:
The callable bond should be trade at the less price so it would generate the high return as compared with the non-callable bond. Whenever it is low it generated the high return but it could not increase over and above to the call value at the time when the yield is less. Also prior to the call date the investors expected that the issuer would follow and the price of the bond represent the given strategy
but the yield to maturity should not be measured at the time when the bond can be called
Therefore d option should be considered
Answer:
Businesses can help alleviate poverty with programs and projects that aim to improve the living conditions in underdeveloped communities. With the alleviation of poverty, people become more capable workers and professionals able to take advantage of the goods and services that businesses have to offer.
Answer:
The correct answers are B, C and D.
Explanation:
Before answering the question, we need to know what overdraw means. So overdraw is basically the drawing the excess of money which the account of a person actually holds. In simple words, when the money in someone account is more than the amount he thinks. He thinks he has more amount in his account and when he tries to withdraw, he comes to know the real amount. This could be because of many reasons, three of which are as follows:
They withdraw the amount from ATM and they may not record it. secondly they may have made a mistake in their arithmetic while estimating their equity, and thirdly, they might have forgotten to make a deposit.
All these reasons could be the reason for overdraw.
Answer:
Assuming the bank loans out all of its remaining excess reserves as a checkable deposit and has a check cleared against it for that amount, its reserves and checkable deposits will now be: $5000
Explanation:
Checkable deposit = 110,000
Required reserve = 20% of 110,000
= 22,000
Reserves = $27,000
Excess reserve = 27,000 - 22,000
= $5000
So, this bank can safely expand its loans by a maximum of $5000 ( i.e, excess reserve)
