Answer:
The correct answer is D
Explanation:
Under the periodic inventory system, the companies evaluate the COGS (Cost of goods sold) at the end of the accounting year or the fiscal period. And the details of the goods on hand which are not available, in this system.
And under the perpetual inventory system, this offer better control over the inventories rather than the periodic inventory system. And this system requires the COGS (Cost of goods sold) to be acknowledged at the time of sale and it contain the more accurate value of goods on hand.
Therefore, the statement which is correct is that the perpetual inventory system, offer better control over inventories.
Answer:
The correct answer is (B)
Explanation:
Producers are influenced by the benefits and profits they hope to pick up from the products or administrations in a free market economy. The idea of producers is to create goods and services and sell them at maximum profits because they feel consumer will buy their products because they need them. A profit motive is generally beneficial to the overall economy of the country. It is expected to give a motivating force to create productivity and development.
Answer:
6780$
Explanation:
We first find 11% of 2000 by the following equation
2000 x .11
From this we get the annual interest 226$
226$ x 30 = $6780
2. It engages in business activities from which it may earn revenues and incur expenses.
The duration gap is calculated by subtracting the duration of the liabilities from the duration of the activity of the financial entities. Thus, in this case, the net worth of 1.8 percent of its assets.
<h3>What do you mean by Duration Gap?</h3>
Duration Gap refers to the term used by funds, banks, pensions, or many financial institutions to estimate the risk because of changed interest rates.
Also, if we have a negative duration gap means that the market value of equity will increase when interest rates rise.
Thus, in this case, If interest rates increase from 9 percent to 10 percent, a bank with a duration gap of 2 years would experience a decrease in its net worth of 1.8 percent of its assets.
Learn more about Duration gap here:
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