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Tems11 [23]
3 years ago
15

On which financial statements would you look to find the total costs of merchandise that remains and the total that has been sol

d? Select one: A. Statement of cash flows and balance sheet B. Balance sheet and income statement C. Balance sheet and statement of cash flows D. Statement of stockholders' equity and balance sheet
Business
1 answer:
lara [203]3 years ago
8 0

Answer:

The answer is B. Balance sheet and income statement

Explanation:

Merchandise is an inventory. It is bought and sold.

We can get the total cost of merchandise that were sold and remained in income statement.

In income statement, this can be gotten from cost of sales(cost of goods sold). This tells us the total amount of goods that were sold and the closing/ending inventory tells us the total cost of merchandise remaining.

And in the balance sheet, we can get it under current asset. The balance of inventory tells us how much of merchandise remaining at a period.

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Suppose a gardener produces both tomatoes and squash in his garden. If he must give up 8 bushels of squash to get 5 bushels of tomatoes, then his opportunity cost of 1 bushel of tomatoes is 5/2 bushels of squash.

Opportunity costs are the possible advantages which any person or  investor  or any company forgoes while deciding between the  two options.

Opportunity costs are invisible in nature. An opportunity cost is simply by definition is the difference between the expected returns of each option and this is also  the formula for doing so.

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Organizational and managerial skills that find their expression in a company's structure, routines, and culture are referred to
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A client with a skin infection reports an itching sensation associated with pain at the site of infection. The assessment findin
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This patient could possible have <em>Tinea Pedis</em>

Explanation:

Tinea Pedis is a contagious fungal infection caused by dermatophyte fungus such as "Epidermophyton Floccosum". This type of infection is more common in places with tropical weather. It mostly affects young males, but it can also affect females and children.

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Question 20 poin
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true

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3 years ago
Net sales$688,500 $450,000 Cost of goods sold 337,364 133,200 Determine the 2016 and 2017 trend percents for net sales using 201
alisha [4.7K]

Answer:

Trend- % change in sales =  34.64%

Explanation:

<em>Trend analysis entails determining the performance of a business over time by comparing its performance data from one period to another. The aim of trend analysis is to identify the behavior of a set of ratios over a period of time by comparing them across different years.</em>

To determine the trend for a particular data, we use the formula below

% Change in variable =

(Current year figure - Previous year figure)/Previous year figure × 100

DATA

Current year figure  for sales (2017) - 450,000

Previous year figure for sale (2016) - 688,500

% change in sales =   (450,000 -688,500)/688,500 × 100 = 34.64%

% change in sales =  34.64%

This implies that the company made sales in 2017 which is 34.64% less than that made in 2016

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2 years ago
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