1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Assume that the custodian of a $450 petty cash fund has $57.10 in coins and currency plus $387.00 in receipts at the end of the
postnew [5]

Answer:

e a debit to cash for 396.50

7 0
3 years ago
Because market and operating conditions are different in each target market, ________.
shutvik [7]

Answer:

Price strategy should be specific to the Target market

Explanation:

Price strategy is decided based on various factors which induce, market conditions, operating decision, taste, and demand/supply and target market. According to the theory of pricing strategy, the operating and market conditions vary based on population, country and cities. The only important factor is the target market and the price strategy must be based on that.

7 0
2 years ago
An economy produces computer chips and fish. In 2014, one pound of fish costs $10, a computer chip costs $10, and the economy pr
vesna_86 [32]

Answer:

Real GDP (2014 price) = $ 250

Explanation:

GDP is the total value (PxQ) of goods & services, produced by an economy during a period of time. Real GDP is the value at constant base year prices.

Given [2015] : Fish Quantity =  5 , Computer Chip Quantity =  20

Base Year [2014] price : Fish = $10 , Computer Chip = $10

2015 Real GDP at 2014 base year price = Price 2014 x Quantity 2015

= (Fish PXQ) + (Computer Chip PXQ)

= (10 x 5) + (10 x 20)

= 50 + 200

= $ 250

3 0
2 years ago
Between 1790 and 1861, how much money did Europeans invest in the United States? $ 10 million $ 100 million $ 500 million $ 750
liraira [26]
Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions here. Between 1790 and 1861, t<span>he Correct answer is around $50 Million. </span>
4 0
3 years ago
Read 2 more answers
Cornelius vanderbilt made his fortune in what industry?
vovikov84 [41]
The Railroad industry!! :)
7 0
2 years ago
Other questions:
  • Suppose that McDonalds and Yum Brands are the sole producers of a quadruple-decker chicken and hamburger sandwich. The two firms
    11·1 answer
  • What does purchasing insurance for a business reveal about the business owner’s attitude toward financial risk?
    11·1 answer
  • In the New Economy, people are most rewarded through education and intellectual growth when they spend years studying a broad ar
    13·1 answer
  • For each item listed below, indicate the effect on net income in arriving at cash flows from operations by choosing one of the f
    15·1 answer
  • Frolic Corporation has budgeted sales and production over the next quarter as follows: July August September Sales in units 46,5
    15·1 answer
  • All of the following describe a budget appropriately EXCEPT: A. It is the best tool to help you get more for your money. B. It i
    6·2 answers
  • An open-end fund has a net asset value of $12.70 per share. It is sold with a front-end load of 8%. What is the offering price?
    7·1 answer
  • Angelica (23 years old) studied dance in college and graduated a year ago. She currently works as a dance instructor at a high s
    15·1 answer
  • What is the new 2021 conforming loan limit for 1-4 family homes?
    13·1 answer
  • Discuss how the JIT concept differs between manufacturing and service companies.
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!