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VARVARA [1.3K]
3 years ago
7

The primary difference between a periodic and perpetual inventory system is that a periodic systemA)keeps a record showing the i

nventory on hand at all time.B)provides better control over inventories.C)records the cost of the sale on the date the sale is made.D)determines the inventory on hand only at the end of the accounting period.
Business
1 answer:
pishuonlain [190]3 years ago
5 0

Answer:

D)determines the inventory on hand only at the end of the accounting period.

Explanation:

Due to the fact of <em>inflation, </em>change of prices over time, a periodic inventory system does not provide a better record over the cost of inventory because it is only determined once in the accounting period, usually at the end of it.

Meanwhile, a perpetual inventory system keeps a record showing the inventory at all time. That is every time a sale is made, cost of goods sold (cogs) is determined.

So if a business does not need to wait until the end of the accounting period to check (cogs),  it is better to use a perpetual system.

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Brokers prepare a broker file that has all of the documents that may have a material effect upon the rights or obligations of a
s2008m [1.1K]

Answer:

One year from the date of the listing if the transaction is not consummated.

Explanation:

Retention period is the number of years as enforced by the law that a certain records must be kept compulsorily before it is eligible for destruction. The retention period shall be 1 one year from the date of the from the date of listing or closing of the transaction if the transaction is not consummated. Retention period is generally in many cases is 1 year and not more than that.

6 0
4 years ago
Numerical fill-in-the-blank. Marv works at a bakery. During a shift at work, Marv can decorate either 8 wedding cakes or 13 chee
Alchen [17]

Answer: 1.6 cheesecakes

Explanation: Opportunity cost is simply the cost of a forgone alternative. It is the cost of an opportunity forgone (and the loss of the benefits that could be received from that opportunity); the most valuable forgone alternative.

If Marv can decorate 8 wedding cakes or 13 cheesecakes, it follows that the opportunity cost of making 8 wedding cakes is 13 cheesecakes. The question asks the cost of making a cake. This is given by:

13/8 = 1.625 cheesecakes

= 1.6 cheesecakes to the nearest tenth as the answer.

4 0
3 years ago
Loews corporation, a conglomerate with 15 billion usd in revenues, competes across several industries including oil and gas, tob
Dvinal [7]
The statement above is FALSE.
Loews conglomeration is into many businesses including hotels, insurance, watches, oil, gas, tobacco, etc. The diversification strategy of the company is to buy up firms that are in financial mess, turn them into profitable ventures and then sell them at a premium. They also diversified by investing into new business fields.  
7 0
3 years ago
The shareholders' equity of Green Corporation includes $288,000 of $1 par common stock and $480,000 par of 6% cumulative preferr
Sever21 [200]

Answer:

$62,160

Explanation:

The calculation of amount of dividends is shown below:-

Arrears in Preferred Stock Dividend

= $480,000 × 6% × 2 - $28,000 - $28,000

= $57,600 - $28,000 - $28,000

= $1,600

Current Preferred Stock Dividend = Common stock × cumulative preferred stock percentage

= $480,000 × 6%

= $28,800

The amount of dividends common shareholders = Cash dividends - Current Preferred Stock Dividend - Arrears in Preferred Stock Dividend

= $58,000 - $28,800 - $1,600

= $62,160

6 0
3 years ago
Peg and Al Fundy have a limited food budget, so Peg is trying to feed the family as cheaply as possible. However, she still want
Inga [223]

Answer:

A) we requiere to fulfill the Vitamint contrains or surpass them A => 12 C=>6

B) we request that instead of fullfilling the vitaming requirement to be 12/6 or more

to be exactly for this amount.

Explanation:

We set up the situation in excel Solver with the following constraing:

     1        2      3      4

A    3 3 1 7

B    3 1 1 1

C        12 6 24

C2 = A1*A2 + B1*B2

C3 = A1*A3 + B1*B3

C4 = A1*A4 + B1*B4

common constraing:

C4 min

A1 = integer

B1 = integer

A) constraing

C2 => 12

C3 =>6

B) contraing to achieve the exact value for each vitamin:

C2 = 12

C3 =  6

4 0
4 years ago
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