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lions [1.4K]
3 years ago
14

Inventories refer to A. goods that are a result of new inventions. B. goods that have been produced but have not yet been sold.

C. outstanding orders that companies have for future production. D. goods that are kept in storage to be shipped to foreign countries. Usually at the beginning of a​ recession, inventories ▼ rise fall remain unchanged ​, but at the beginning of an​ expansion, inventories ▼ rise remain unchanged fall .
Business
1 answer:
olga nikolaevna [1]3 years ago
8 0

Answer:

B, rise , fall

Explanation:

Inventories refer to goods that have been produced but are yet to be sold. They are the stock of the companies in store. They generally represent the particular amount of products a company has produced but has not been pulled out for sales.

Generally, recession refers to a decline in a country’s economy primarily due to inflationary operators in place. Thus at these times, there is a general rise in the price of goods and services. The inventory of a company is expected to rise in price at these particular periods of time.

While during expansion, it is expected that the inventories are expected to fall in price

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Write a memo to management detailing the various classification of costs and provide two reasons for which it is important to cl
katrin2010 [14]

Answer: Direct or indirect cost, Fixed or variable cost, classification by nature, classification by function, it is important for the development of cost data which can help the management in the cost planning and control objectives of the organization. It is important for ascertaining the purpose for which the cost being classified is to fulfilled in the organization.

Explanation:

Cost classification can be said to be a process of grouping costs according to the characteristics which can be attributable to the cost in the organization and which determined their uses in the organization. Classification of cost can be divided into four namely.

Direct Cost or indirect cost : The direct cost is the cost which can be directly identified with a process, production, job or other business activities. In direct cost there is nothing like sharing or apportioning cost between the products. Examples are Direct materials, Direct Labour, Direct Expenses. While indirect cost are the cost which cannot be directly traced to the items being costed by the organization. It is a cost which can be incurred jointly by two or more products. Examples are indirect materials, indirect labour, and indirect expenses.

Fixed or variable cost : Fixed cost is said to be a cost which tend not to change with the level of activities such as output or turnover. Examples are rent, rates, insurance, executives salaries. While variable cost are the cost which vary with changes in the level of output or sales. It is a cost which increase or decrease in proportion to the changes in the level of activity such as Labour and materials

Classification by nature : This relates to the nature of the cost such as the materials, labour and expenses. The materials can be broken down into raw materials, while labour can be broken down into supervision, cleaning, clerical or office work. While expenses can be broken down into rent, power, depreciation and so on.

Classification by function : This is the classification of cost according to the functions to which the cost relates. Examples are production cost, selling cost,distribution cost,and so on. However, these cost classification are important for the following two reasons

(i) It is important for the development of cost data which can help the management in the cost planning and control objectives of the organization.

(ii) It is important for the ascertaining the purpose for which the cost being classified is to fulfilled in the organization

7 0
3 years ago
PLEASE HELP ASAP!! CORRECT ANSWER ONLY PLEASE!!!
MaRussiya [10]

Answer:

B. $1,619

Explanation:

150×10.98= 1647

1647-28=$1619

8 0
3 years ago
Read 2 more answers
On October 31, the stockholders’ equity section of Heins Company consists of common stock $370,000 and retained earnings $904,
katovenus [111]

Answer:

1. Before action

Par value of outstanding shares = 37,000 shares*$10 = $370,000

Common stock in excess of par = Total common stock - Par value of outstanding shares = $370,000 - $370,000 = $0

2. After stock dividend

Stock dividend declared = 6% of 37,000 shares = 2,220 sharea

Market price of shares = $16 per share

Stock dividend declared = $16*2,220 shares= $35,520

Common stock in excess of par = $35,520 - $22,200 = $13,320

Total number of shares outstanding = 37,000 + 2,220 = 39,220

Total par value of common stock = 39,220 * $10 = $392,200

t is out of the retained earnings that the stock dividend is declared from. So, retained earnings after stock dividend = $904,000 - $35,520 = $868,480

3. After stock split

Here , there is no financial impact. The no of shares will get X2 because one share is split into two shares.

Number of outstanding shares = 37000 shares*2 = 74000 shares. Also, no impact on the retained earnings

                                    Before Action  After-stock dividend  After stock split

<em>Stockholder's equity</em>

Paid in capital              $370,000.00      $392,200.00           $370,000

Common stock in        $0.00                   $13,320.00               $0

excess of par

Total paid in capital     $370,000.00      $405,520.00            $370,000

Retained earnings       $904,000.00      $868,480.00            $904,000

Total Stockholder's     $1,274,000.00     $1,274,000.00         $1,274,000

equity

Outstanding shares      37000                     39220                     74000

Par value per share      $10.00                    $10.00                      $5.00

6 0
3 years ago
Do left-handed or right-handed people make more money? one study1 recorded the hourly earnings for a random sample of american m
wolverine [178]
Right handed people make more money. Because most working instrument are only made for right handed hence why they make more money than left-handed people.
4 0
3 years ago
A bond with a par value of $5,000 is quoted at 103.936. What is the dollar price of the bond?
DochEvi [55]

Answer:

C. $5,196.80

Explanation:

Calculation for the dollar price of the bonds

Let find the dollar price of the bonds using this formula

Dollar price=Per value bond amount × The Per value quoted percentage 103.936/100=1.03936

Dollar price =$5,000×1.03936

Dollar price =$5,196.80

Therefore the dollar price of the bonds will be $5,196.80

6 0
2 years ago
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