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Juliette [100K]
3 years ago
10

Which of the following statements are true? All costs in a merchandising company are period costs. Inventoriable costs are expen

sed in the period in which they are incurred. Period costs are expensed when incurred. Period costs do not flow through the inventory accounts.
Business
1 answer:
Maslowich3 years ago
5 0

Answer:

Period costs are expensed when incurred and Period costs do not flow through the inventory accounts.

Explanation:

Period Costs are not included in the valuation of the product and these mostly include all non-manufacturing costs. They are included as an expense in the period in which they are incurred.

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If nominal GDP is $900 billion and, on average, each dollar is spent six times in the economy over a year, then the quantity of
NeTakaya

Answer:

Option B (150) is the correct answer.

Explanation:

Given:

Nominal GDP,

= $900

Money velocity,

= 6

As we know,

⇒ Nominal \ GDP=Quantity \ of \ demanded \ money\times Money \ velocity

By putting the vales, we get

⇒                    900=Quantity\times 6  

⇒           Quantity=\frac{900}{6}

⇒                           =150

7 0
3 years ago
The video describes an instance in which Dominic discovered that a heart surgeon had just taken a new job at a large hospital wh
Maru [420]

Answer:

Prospecting

Explanation:

Prospecting is the initial phase in the business procedure, which comprises of distinguishing potential clients, otherwise known as possibilities. The objective of prospecting is to build up a database of likely clients and  deliberately speak with them with expectations of changing over them from potential client to current client. Prospecting, done right, not just makes a pipeline of potential clients, it positions you as a confided in guide.

8 0
3 years ago
Bramble Company uses the percentage of receivables method for recording bad debt expense. The accounts receivable balance is $59
shusha [124]

Answer and Explanation

Given:

Accounts receivable balance = $598,000

Percentage of receivables that are uncollectible = 5% or 0.05

Uncollectible receivables = 0.05 × 598,000 = $29,900

Adjusting journal entry to record bad debt expense is:

Particulars                                          Debit              Credit

Bad debts expense                            XXXXX

     Allowance for doubtful debts                               XXXXX

(Being bad debts incurred)

Noe, Allowance for doubtful debts has a credit balance of $4,800.

Bad debt incurred = 29,900 - 4,800 = $25,100

So adjusting entry :

Particulars                                          Debit              Credit

Bad debts expense                            $25,100

     Allowance for doubtful debts                             $25,100

(Being bad debts incurred)

7 0
3 years ago
If total revenue goes up when the price falls, demand is said to: be price unit-elastic. have positive price elasticity. be pric
Sholpan [36]
The answer to this item is letter <em>C. PRICE ELASTIC. </em>

The price elastic demand as stated in this given corresponds to the increase or rise in the total revenue when the price is brought down or decreased. This is indicated by the PED (price elasticity of demand).

The total revenue is calculated by multiplying the total items, good, or services sold by the unit price. For the demand which is price elastic, the decrease in the price will cause a higher raise in the number of customer vying for the products and services. 
7 0
3 years ago
You decide to implement a new customer loyalty program that rewards customers for shopping in your store. To accomplish this, yo
Vitek1552 [10]

Answer:

a) the development of infrastructure to support enterprise-wide analytics.

Explanation:

Base on the scenario been described in the question, the type of implementation data where house to collected for the betterment of the company, this is an typical of the development of infrastructure to support enterprise wide range of analytic data collection, building of this infrastructure also help them more physical infrastructure. Option a is the correct answer.

6 0
3 years ago
Read 2 more answers
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