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
Elis [28]
3 years ago
8

Which of the following statements is CORRECT?

Business
1 answer:
Lera25 [3.4K]3 years ago
3 0

Answer:

c. The "apparent," but not necessarily the "true," financial position of a company whose sales are seasonal can change dramatically during a given year, depending on the time of year when the financial statements are constructed.

Explanation:

Financial statements are used to show the financial activity of a business within a given period.

One of the principles of a accounting is periodicity. This requires businesses to report their financial position at regular intervals consistently, and not in an inconsistent manner. So if a business reports their finances twice a year. At year end and at mid year, it is possible that at mid year due to seasonal sales performance will be high and business is perceived to be highly profitable.

But financial report at end of year in the off-season will show low performance.

So for seasonal businesses there can be apparent view of a business during the year that can change dramatically because of time at which reports are made.

You might be interested in
Which of the following is true of normal shortages? They do not include theft and shrinkage. These goods are no longer available
never [62]

Answer:

<h2>The correct answer here would be the 1st option given in the answer choices or options or They do not include theft and shrinkage.</h2>

Explanation:

  • From a business standpoint, normal shortages basically indicate comparatively lower inventory availability of goods and services based on their consumer demand or respective sales orders by consumers or buyers.
  • Normal shortage implies that the amount or units goods and services available to the company or firm is not sufficient to fulfill the required consumer or buyer demand for those commodities or services.However,while calculating or computing normal shortage, any unwanted thefts and shrinkage or inadvertent damages of the concerned commodities or goods are not usually considered.
7 0
3 years ago
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operat
Sidana [21]

Answer: SEE EXPLANATION

A. 198.27 UNITS

B. 99.14 UNITS

C. 30.76 ORDERS

D. 8.12 DAYS

E. $1,784.43

Explanation:

Given the following ;

Annual order = 6,100

Carrying cost = $9 per unit per year

Ordering cost = $29

A) EOQ =sqrt[( 2 × Annual order × (ordering cost ÷ carrying cost)]

EOQ = sqrt[2 ×6100 × (29÷9)]

EOQ = sqrt(12200 × 3.22222222)

EOQ = 198.27 units

B.) AVERAGE INVENTORY :

EOQ ÷ 2

198.27 ÷ 2 = 99.14 UNITS

C.) Optimal number of orders per year:

Demand / order per year

6,100 ÷ 198.27 = 30.76 orders

D.) Optimal number of days between two orders:

Number of working days ÷ optimal number of orders

250 ÷ 30.76 = 8.12 days.

E.) Annual cost of ordering and holding inventory:

$198.27 × $9 = $1,784.43

8 0
3 years ago
If a sells to b, and b obtains title while goods are in transit, the goods were shipped _______. if c sells to d, and c maintain
yKpoI14uk [10]
<span>If a sells to b, and b obtains title while goods are in transit, the goods were shipped FOB SHIPPING POINT.

If c sells to d, and c maintains title until the goods arrive at d's door then the goods were shipped FOB DESTINATION.

FOB stands for Free on Board. The recording of the sale will be dependent on whether it is FOB shipping point or FOB destination. In FOB shipping point, the buyer becomes the owner of the item when it is shipped. In FOB destination, the buyer becomes the owner of the items when it is received. </span>
5 0
3 years ago
If you are reading a web page about a particular topic and see related advertisements appear along the side of the page, do you
suter [353]

Answer:

Yes.I do consider this invasion of privacy except i gave a consent to the website owner to use my data.

Explanation:

6 0
3 years ago
Whats a thesaurus and why would you use it for an internet search
larisa86 [58]
<span>A thesaurus is a reference work that lists words grouped together according to the similarity of meaning. 
Hope this helps :)</span>
7 0
3 years ago
Read 2 more answers
Other questions:
  • The common stock of the C.A.L.L. Corporation has been trading in a narrow range around $145 per share for months, and you believ
    13·1 answer
  • CADE International has foreign operations in Taiwan, India, and China. The firm pays an annual insurance premium to the Overseas
    14·1 answer
  • Due to changes in​ technology, a recent trend is for product or service producers to cut out intermediaries and go directly to f
    5·1 answer
  • In a Las Vegas casino, an employee discovered a flaw in the accounting system. The accounts payable clerk discovered that he was
    6·1 answer
  • At which level will a manager use analytics to make decisions? operational level managerial level strategic level all of the abo
    14·2 answers
  • The market for. pizza is characterized by a downward-sloping demand curve and an upward-sloping supply curve. a. Draw the compet
    6·1 answer
  • XYZ printing is building a dominant position as the low-cost leader in the 3D printer market. Three resources the firm can draw
    14·1 answer
  • the price of a stock is $45 at the beginning of the year and $50 at the end of the year. of the stock paid a $1 dividend and inf
    13·1 answer
  • Write any two things that girls do earlier.​
    11·2 answers
  • One concern over external national debt is that interest and principal payments transfer wealth overseas. The percentage of the
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!