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VashaNatasha [74]
3 years ago
13

suppose dave's discount merchandise inventory account showed a balance of 8000 before the year end adjustments. The physical cou

nt of goods on hand totaled 7400. Dave uses a perpetual inventory system. To adjust the accounts, which entry would the company make
Business
1 answer:
Anna007 [38]3 years ago
3 0

Answer:

Cost of goods sold DR 600

Merchandise inventory CR 600

Explanation:

A perpetual inventory system is a method of inventory management that is used in order to records real-time transactions of received or sold stock. In this system, based on the information provided the company would make the following entry

Cost of goods sold DR 600

Merchandise inventory CR 600

This is because there is a difference on physical goods on hand of 600, meaning that they sold that amount throughout the year. Which is made as a Cost of Goods Sold entry. The company also needs to enter the amount of goods that have been acquired by a distributor, wholesaler, or retailer from suppliers which would be the same.

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A stock has a correlation with the market of 0.64. The standard deviation of the market is 30%, and the standard deviation of th
castortr0y [4]

Answer:

0.811

Explanation:

Calculation to determine What is the stock's beta

Using this formula

Stock's beta=Market correlation*Stock standard deviation*Market standard deviation/Market standard deviation^2

Let plug in the formula

Stock's beta=(0.64)(0.38)(0.30)/0.30^2

Stock's beta=0.07296/0.09

Stock's beta=0.811

Therefore the stock's beta is 0.811

5 0
3 years ago
A survey by the World Bank indicates that of the companies surveyed; unfortunately, only 30 percent have board-approved policies
creativ13 [48]

Answer:

False

Explanation:

It is not necessary to have board-approved policies on environmental management as the only way to indicate that corporate social responsibility practices have become an insignificant factor in determining where multinational corporations conduct business.

7 0
3 years ago
Which of the following actions would likely raise homeowner's insurance premiums? Building the home in the floodplain of a river
natita [175]
Insurance is a coverage that assesses the risk of a certain item/person. If that item/person is in good condition, your insurance will be lower because it's less likely it'll get damaged. 
This is why if you have a bad driving history, your car insurance is high (as there is a high risk). 
If you were to instal an alarm, live in a safe neighbourhood or choose not to install a swimming pool you would actually reduce your insurance.
If you have an alarm, you are less likely to have stuff stolen (safer = less risk).
Living in a safe neighbourhood is safer = less risk.
Not installing a pool means your property remains the same value (putting a pool could increase it), higher risk of someone drowning in the pool, or hurting themselves. So by not building the pool, you'll have a safer environment = less risk.

If you build your house in a floodplain, the chance of your house getting damages by a flood is very very high, so you will have to pay more as there is an increased risk.


4 0
3 years ago
Read 2 more answers
TRUE/FALSE one of the attractive features of mutual funds is that they offer small investors a diversified portfolio and profess
Ugo [173]

The fact that mutual funds provide small investors with a diverse portfolio and experienced management is one of their appealing qualities.so statement is true.

<h3>What draws small investors to mutual funds?</h3>

Investors have access to a greater variety of investments through mutual funds than they could on their own. By pooling your funds, you may take advantage of economies of scale. The monthly contributions improve the investor's assets. Funds are more liquid because they are often less volatile.

The ability to diversify and thereby distribute risk over a number of investments is one of the reasons mutual funds are so well-liked by investors. People are drawn to mutual funds because they provide an opportunity for typical individuals to invest in professionally managed funds.

To know more about mutual funds visit:

brainly.com/question/9965923

#SPJ4

3 0
1 year ago
When Larry purchased a Jet Ski personal watercraft for $4,999, he was also given free financing and three hours of free lessons
stellarik [79]

Answer:

Value added

Explanation:

Value-added - it is the total difference that comes out between the product value in the market and the cost of producing that product. cost of a product is based on the survey which gives the idea that how much cost may be assigned to the product.

The value of this difference help to determine the profit on products.

Higher the value of add, higher will be the charges of product and higher will be the revenue collected.

4 0
3 years ago
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