Answer:
b. only revenue is recorded each time a sale is made
Explanation:
Under <u>periodic inventory we adjust for COGS at the end of each month,</u>
We don't recognize Cost of Goods Sold at the moment of sale.
<u>When a sale occurs we recognize the revenue associate with the sale only.</u>
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It is under perpetual system when he adjustment on inventory and COGS are done simultaneously with the sale.
Answer:
Policy impact will be positive
Explanation:
When investors pull out their funds from Asian, it will amount to scarcity of funds for developmental purposes. The contrary is the case when such funds are plunged into the US market. Its impact to the economy include:
1. Create more opportunity for development
2. Reduces the interest rate of lending in the society
3. Exchange rate value will decrease just because more of these funds will be used for business transactions
4. The prices of goods will be adjusted to balance the different caused by inflation
The interest rate offered would decrease
Answer:
216%
Explanation:
Ordinary interest is computed on the basis of a 360-day year, so Marina's borrowing period is 1/12 of a year. The annual rate is then 12 times the rate Marina pays for 30 days:
12 × 18/100 = 216/100 = 216%
Marina would discover the annual interest rate is 216%.