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Lorico [155]
3 years ago
15

Under a perpetual inventory system, a.a physical count is required to determine cost of merchandise on hand b.the purchases retu

rns and allowances account is credited when goods are returned to vendors c.increases in inventory resulting from purchases are debited to Purchases d.accounting records continuously disclose the amount of inventory
Business
1 answer:
agasfer [191]3 years ago
4 0

Answer:

d.accounting records continuously disclose the amount of inventory

Explanation:

Under the perpetual inventory system, an entity continually updates its inventory records to account for additions to and subtractions from inventory for such activities as:

Received inventory items

Goods sold from stock

Items moved from one location to another

Items picked from inventory for use in the production process

Items scrapped

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MCZ, Inc. is a corporation that was incorporated under the laws of the State of New Jersey. MCZ, Inc. has only one office which
andreev551 [17]
True maybee not sure
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2 years ago
What do individual shareholders gain when they buy shares of a company’s stock?
Sholpan [36]
A partial ownership in the corporation.
3 0
3 years ago
If the exchange rate is 5 Egyptian pounds per U.S. dollar, a watch that costs $25 US dollars costs a. 125 Egyptian pounds b. 50
Anon25 [30]

Answer:

A. 125 Egyptian pounds

Explanation:

Let’s create a proportion using the following setup.

pounds/dollars=pounds/dollars

We know that 5 Egyptian pounds is equal to 1 dollar.

5 pounds/ 1 dollar= pounds/dollars

We don’t know how many pounds are in 25 dollars. We can say x pounds are in 25 dollars.

5 pounds / 1 dollar = x pounds/ 25 dollars

5/1=x/25

We want to find out what x is, so we need to get x by itself.

x is being divided by 25. The inverse of division is multiplication. Multiply both sides of the equation by 25.

25*(5/1)=(x/25)*25

25*5/1=x

25*5=x

125=x

$25 US dollars are equal to 125 Egyptian pounds. Therefore, the watch will cost 125 Egyptian pounds and choice A is correct.

5 0
3 years ago
Explain how firms that compete in the four different market structures determine profitability.
Ira Lisetskai [31]

Price is determined by the forces of market demand and market supply. A firm sells its output at the given price. Therefore, a firm under perfect competition is a price taker, not a price maker.

Perfect competition is a form of market where there is a large number of buyers and sellers of a commodity. A homogeneous product is sold and its price is determined by the forces of supply and demand.

The elasticity of demand for the firm's demand =  Infinite Because of free entry and exit, firms, in the long run, earn only normal profits (TR = TC or AR = AC). In the extra normal profits earned, new firms will join the industry. Market supply will increase. The market price will fall. Extra normal profits will be wiped out. In case of extra normal losses, some of the existing firms will leave the industry. Market supply will decrease. The market price will increase. Extra normal losses will be wiped out.

(A). Normal profits (TR = TC or AR = AC)

(B). Extra normal profits ( TR>TC or AR>AC)

(C).  Extra normal losses (TR<TC or AR <AC)

In economics, a market is a system, institution, process, social relationship, or infrastructure configuration in which parties exchange ideas. Although parties can exchange goods and services through barter, most markets rely on sellers offering goods and services (including labor) to buyers in exchange for money.

A market can be described as the process by which prices for goods and services are determined. Markets facilitate trade and enable the distribution and allocation of resources in society. Marketplaces allow the valuation and pricing of any tradeable item. Markets can arise more or less spontaneously or be consciously constructed by people

Learn more about the market here

brainly.com/question/25309906

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7 0
1 year ago
jervis sells 3400 of its accounts receivable to northern bank in order to obtain necessary cash northern bank charges a 2% facto
lesya692 [45]

Answer:

Factoring fee = 2% * Account Receivable

= 2% * $3,400

= $68

​

Date  Account Titles and Explanation     Debit    Credit

          Cash                                                   $3,332

          Factoring expenses                           $68

                    Account receivables                             $3,400

          (To record the receipt of cash against the receivables)

6 0
2 years ago
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