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
vovikov84 [41]
3 years ago
9

Select the statements below that correctly describe the flow of costs in a merchandiser's accounting cycle. Check all that apply

:a) Beginning inventory + net purchase = merchandise available for saleb) Merchandise that is sold becomes an expense reported on the income statementc) Merchandise that is purchase becomes an asset reported on the balance sheetd) Ending inventory + cost of goods sold = total merchandise available for sale
Business
2 answers:
Shalnov [3]3 years ago
8 0

Answer:

a) Beginning inventory + net purchase = merchandise available for sale

Explanation:

Accounting cycle is a procedure within the accounting sciences whose main objective is to allow the merchant to identify, classify, measure and elaborate the important information for the sales flow of his business. This cycle allows information about the business to be always up to date for the merchant to evaluate his sales and earnings.

This cycle has five phases that are called capture, recognition, accumulation process, summarization and disclosure.

Within the options in the question above, we can state that the letter A shows parts of a trader's accounting cycle. This is because "Beginning inventory" can be associated with the recognition stage, while "net purchase" refers to the accumulation process stage, ending with "merchandise available for sale" that can be associated with the summary and disclosure stage.

Arte-miy333 [17]3 years ago
6 0

Answer:

Beginning inventory + net purchase = merchandise available for sale

Explanation:

Beginning inventory + net purchase = merchandise available for sale is the statement that correctly describes the flow of costs in a merchandiser's accounting cycle, in the given options.

The fact remains true that 'Goods Available For Sale' is not just an accounting concept but as the name implies, it is the beginning inventory and any purchased inventory within the period that will constitute the amount of goods available for sale.

If we had 10 units left from last period and we purchase 90 units this period, we will only have 100 units available for sale.

You might be interested in
Which type of custom report shows a static sortable table with rows of data?
VARVARA [1.3K]
<span>A FLAT TABLE is a static sortable table which displays its data in rows in a custom report.

A flat table is a kind of custom reporting tool, used in Google analytics which are built by using Dimensions and Metrics.

The only issue from using a Flat table is that the data can be viewed only in 2 dimensions.
</span>
7 0
3 years ago
Cynthia has been asked by her supervisor to give a presentation. The presentation will be a brief training for four new hires wh
valkas [14]

Cynthia has been asked by her supervisor to give a presentation. The presentation will be a brief training for four new hires who need to learn the : <u>Yes, because Cynthia will be able to use text, images, and media to help explain the company's safety protocols.</u>

<u></u>

Ask yourself what the presentation is all about, its title and its goal. Think about who your audience is. Figure out what your main message is. Think about the structure of the presentation: the opening, the main part and the summary.

There are two basic types of presentation (or oral reports) that you will likely be called upon to deliver during your educational career and beyond — informative presentations and persuasive presentations.If you have effective presentation skills, this means you are good at communicating. By speaking clearly, and getting your ideas and message across to people well, there will be less miscommunication in your life.

learn more about presentation here

brainly.com/question/24653274

#SPJ1

8 0
2 years ago
Which theory would most likely explain why a commercial bank, which usually focuses on short-term securities, would switch to lo
den301095 [7]

Answer:

preferred habitat

Explanation:

According to the preferred habitat theory, if the expected returns from investment of a particular investment maturity is large enough, investors would shift from their preferred maturities.

In this question, there is a shift from the preferred maturity (short-term securities) to a long-term securities when interest rate changes

The pure expectations theory assumes that bonds of any maturity are perfect substitutes for each other. For example, if an investor buys a 10 year bond and holds it for 1 year, the return is the same as buying a 1 year bond. The theory also assumes that risk premium does not exist and a security only earns its risk free rate

Liquidity premium theory states that risk premium increases with the maturity of a bond. The theory predicts that the yield curve is upward sloping due to liquidity premium

According to the segmented market theory, each bond maturity segment can be thought of as a segment market in which yield are a function of the demand and supply for funds in that maturity.

5 0
3 years ago
Crane purchases equipment by signing a note payable with the equipment dealer for $10,000. The accounts affected for Crane are _
maxonik [38]

Answer:

Equipment and notes payable

Explanation:

Since the equipment is purchased by signing the note payable which affected the two accounts i.e equipment and the note payable. In this, the cash transaction is not involved, so cash should not be considered

The journal entry would be

Equipment A/c Dr $10,000

        To Notes payable $10,000

(Being the equipment is purchased  by signing a note payable)

7 0
3 years ago
A stability strategy is a grand strategy that involves little or no significant organizational change. For example, Love Forever
In-s [12.5K]

Answer:

The correct answer is letter "A": True.

Explanation:

Stability strategies are those in which the firm does not change its core method of working, thus, it remains to focus on its current products and markets. Carrying out stability strategies is a less risky approach. The types of stability strategies can be <em>no-change strategy; profit strategy; </em><u><em>and</em></u><em> growth through concentration, integration, diversification, co-operation, internationalization.</em>

6 0
4 years ago
Other questions:
  • Although not a goal of the unemployment insurance system, one effect is that the system reduces _________.
    6·1 answer
  • When Toyota introduced hybrid cars, there were waiting lists to buy them. Then Honda and a few other manufacturers entered the m
    8·1 answer
  • Why was 2007 considered the "Year of the Recall"?
    15·1 answer
  • What is one of the opportunity costs of attending college?
    9·2 answers
  • TRUE or FALSE??? HELP!!
    12·2 answers
  • Cash receipts A firm has actual sales of $ 60 comma 000 in April and $ 64 comma 000 in May. It expects sales of $ 75 comma 000 i
    15·1 answer
  • Ellen, as a manager, has always been driven by scheduling, directing group activities, planning, and trying out new ideas. For h
    13·1 answer
  • Which word or phrase below is an antonym for concrete? proven data-driven physical presence abstract
    9·1 answer
  • Sam buys a franchise from Taco Loco Inc. This relationship, like all other franchise relationships, is governed by Group of answ
    6·1 answer
  • Emil company has $4 million in bonds outstanding. during the current year, the applicable market interest rate decreases. the fa
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!