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Leto [7]
3 years ago
10

Merchandise inventory includes: (You may select more than one answer. Single click the box with the question mark to produce a c

heck mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
a. costs to purchase

b. costs to sell

c. shipping costs

d. costs to prepare for sale

e. cost of goods sold
Business
1 answer:
Katen [24]3 years ago
5 0

Merchandise Inventory account includes the cost of goods purchased, shipping and handling costs, transit insurance, and storage costs

Explanation:

<u>Merchandise inventory is the finished goods held for resale to customers. </u>

<u>Merchandise Inventory includes all goods owned by a company and held for sale.</u>

A Merchandise Company:

  • Earns its  net income by buying and selling merchandise
  • It can also  buy products from manufacturers and sell it to retailers
  • It can also buy products from manufacturers and sell them to customers
  • can be a wholesaler or a retailer

Merchandise Inventory is referred to as  current asset

Merchandise Inventory account includes the cost of goods purchased, shipping and handling costs, transit insurance, and storage costs

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The primary purpose of messages that explain procedures, announce meetings, answer questions, and transmit findings is to ______
pav-90 [236]

Answer:

(B) Inform.

Explanation:

Most business messages achieve nothing more than to inform. They explain procedures, announce meetings, answer questions, and transmit findings. Some however, are meant to persuade and that is by selling out products, increasing the morale of employees, convincing managers and gaining more customers. But most is still to inform as they announce meetings, answer questions, and transmit findings and these are called informative messages.

5 0
3 years ago
Keithet Corp. is a manufacturing unit that produces construction materials out of plastic waste. Its product line ranges from pl
Virty [35]

Answer:

Form Utility

Explanation:

Keithet Corp. is utilising the materials from the plastic waste. The utility is the process which is used for increasing the product attractiveness for the consumers through altering the physical appearance. This will involve making a product through converting it to a form which is beneficial to consumers. Therefore, the corp. uses the plastic blocks which is a substitute the bricks, to plastic nails for the carpentry.

6 0
3 years ago
"The market price average is decreasing daily; however, the level of declines relative to advances is falling. The market is rea
m_a_m_a [10]

Answer:

This question is incomplete, the options are missing. The options are the following:

A) Overbought condition.

B) Oversold condition.

C) Breakout on the upside.

D) Breakout on the downside.

And the correct answer is the option B: Oversold condition.

Explanation:

To begin with, the name of <em>"Oversold Condition"</em> refers to the situation where the price of an asset has reach a certain level that is relative low in comparison with the prices that it has have before. That situation can last for a long period of time so the most prudent way to act in the eyes of a trader is to wait until the price base out and start increasing.

So that situation in where the market price average is decreasing and reaching to its bottom is called Oversold Condition.

4 0
3 years ago
Astor, a cash-basis taxpayer, died on February 3. During the year, the estate's executor made a distribution of $12,000 from est
Anettt [7]

Answer:

d. $42,000

Explanation:

Calculation for what was the estate's distributable net income (DNI)

ESTATE'S DISTRIBUTED NET INCOME

GROSS INCOME:

Taxable interest $65,000

ESTATE DISBURSEMENTS:

Less Administrative expenses ($14,000)

Less Charitable contributions from gross income ($9,000)

DISTRIBUTED NET INCOME (DNI) $42,000

($65,000-$14,000-$9,000)

Therefore the estate's distributable net income (DNI) will be $42,000

7 0
3 years ago
A price floor set at $60 would create a surplus of 20 units. a. True b. False
NikAS [45]

Answer:

True

Explanation:

3 0
2 years ago
Read 2 more answers
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