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
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

You might be interested in
Marshmellow Corporation sells a product for $140 per unit. The product's current sales are 12,500 units and its break-even sales
xeze [42]

Answer:

c. 10%

Explanation:

Margin of safety is the sales value at which the business is safe from making loss. It measures the profit after the break-even point. The sales over the break-even point is considered as the margin of safety.

Margin of safety = Actual Sales - Break-even point = 12,500 units - 11,250 units = 1250 units

Percentage of margin of safety to sales = Margin of safety / Actual sales

Percentage of margin of safety to sales = 1,250 / 12,500

Percentage of margin of safety to sales = 0.10

Percentage of margin of safety to sales = 10%

3 0
3 years ago
When I was considering what to do with my $10,000 lottery winnings, my broker suggested that I invest half of it in gold, the va
77julia77 [94]

Answer: $20,478.78

Explanation:

In 14 years the investment will be,

Gold

10,000/2 = 5000

Then use the compound interest formula

5000 * (1+0.07)^ 14 = $12,892.67

For Certificates of Deposits.

Use the Compound interest formula

Rate and period are in years. Convert to semi annual basis.

3%/ 2 = 1.5%

14 * 2 = 28 periods

= 5000 ( 1+ 0.015) ^ 28

= $7,586.11

Add both

=$12,892.67 + $7,586.11

= $20,478.78

5 0
3 years ago
All of the following can be used as an allocation base for calculating factory overhead rates except a.direct labor hours b.mach
liq [111]

Answer:

The correct answer is C. Total units produced.

Explanation:

The following five bases are generally used in calculating the application rate of manufacturing overhead:

1. Production units

2. Direct material cost

3. Direct labor cost

4. Hours of direct labor

5. Machine hours

When he mentions the Production Units, he refers to the product or merchandise produced by the company, that is, what is intended for sale, in which this method is used is very simple, since the information on the units produced is readily available. to apply indirect manufacturing costs. It is based on the unit of finished product.

5 0
3 years ago
Read 2 more answers
An increase in expected future income​ ______.
nataly862011 [7]

Answer: A

Explanation: Increase the supply of loanable funds today because households with larger expected future income will save more today

5 0
3 years ago
You and another project manager disagree over whether a team member should work on your team or on her team. You decide that the
andrezito [222]

Answer:

A. Smoothing

Explanation:

The smoothing approach is a conflict resolution technique that occurs when the project manager seeks to resolve the conflict by seeking an agreement that is beneficial to everyone, that is, seeking to reach consensus on a certain situation to mitigate divergences and thus focus back to work and not conflict.

This technique is a quick solution for the resolution of conflicts that is generally effective in the short term, because the conflict, even if it exists, is left aside while there is a viable solution, such as what happened in the question, that despite the two managers want the team member working for him full time, each of the managers gave in to have the employee working part time for each one.

5 0
3 years ago
Other questions:
  • Brief Exercise 5-3 Flint Company buys merchandise on account from Windsor, Inc.. The selling price of the goods is $1,050, and t
    14·1 answer
  • The epa tries to balance protecting business interests with protecting
    10·2 answers
  • A property valued at $350,000 has an annual net operating income of $43,750. What is the capitalization rate?
    11·1 answer
  • Davidson offers several solutions to the major issues, stating that fiscally we are actually not a nation that is divided on the
    9·1 answer
  • Jamie is analyzing the estimated net present value of a project under various conditions by revising the sales quantity, sales p
    5·1 answer
  • A bottling company uses two inputs to produce bottles of the soft drink​ Sludge: bottling machines​ (K) and workers​ (L). The is
    5·1 answer
  • As a manager you may need to discipline poor-performing employees and clearly communicate both good news and critical feedback.
    9·1 answer
  • Rudolf, a Polish manager in a company based in China, is admired by his colleagues for the way he interacts with people, his con
    9·1 answer
  • In which of these areas in the manufacturing and distribution process can a company create sustainability measures? (Select all
    14·1 answer
  • Which is the best example of ethical investing?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!