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sammy [17]
3 years ago
10

Which of the following equations correctly identify the cost flow of a merchandising company? a) Net purchases minus beginning i

nventory equals merchandise available for sale b) Net purchases plus cost of goods sold equals merchandise available for sale c) Net purchases plus beginning inventory equals merchandise available for sale d) Beginning inventory plus cost of goods sold equals merchandise available for sale.
Business
1 answer:
Ann [662]3 years ago
5 0

Answer:

The answer is: C) Net purchases plus beginning inventory equals merchandise available for sale

Explanation:

The best way to show how this equation works is by assigning values to the accounts;

  • initial merchandise inventory was 2,000 units, at $10 per unit, total $20,000
  • merchandise purchased was 4,000 units, at $10 per unit, total $40,000

How many units do we have available for sale, and at what cost?

We add initial merchandise inventory and merchandise purchased = 6,000 units at $10 per unit, total $60,000

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Strategy making is _______.(A) more of a collaborative group effort that involves all managers and sometimes key employees, as o
Nady [450]

Answer:

The correct answer is letter "A": more of a collaborative group effort that involves all managers and sometimes key employees, as opposed to being the function and responsibility of a few high-level executives.

Explanation:

Managers should focus on flattening the hierarchy of the company to listen to what key employees have to say about what course the firm should take to ensure sustainability, efficiency and maximize profits. This strategy does not necessarily mean the decisions will be decentralized but imply considering the most important points of view of workers whose day-to-day is closely related to the operations of the business.

4 0
3 years ago
Which of the following statements is true?
SIZIF [17.4K]
Ummmmm I will go with answer A cause at my house its always like that.
6 0
4 years ago
It costs Sheffield Company $26 per unit ($18 variable and $8 fixed) to produce its product, which normally sells for $38 per uni
Usimov [2.4K]

Answer:

$5,400

Explanation:

The computation of effect on net income is shown below:-

Incremental revenue       $109,200

(5,200 × $21)

Less: Variable cost            $93,600

(5,200 × $18)

Less: Shipping cost          $10,200

(5,200 × $2)

Incremental profit (loss)   $5,400

Therefore, The Net income increases by $5,400 with the above computation.

8 0
3 years ago
Which of the following statements is CORRECT?a. Projects with "normal" cash flows can have two or more real IRRs.b. Projects wit
MaRussiya [10]

Answer:

e. Projects with "normal" cash flows can have only one real IRR

Explanation:

Normal cash flow refers to normal expected cash flow from the project, it might be negative, or positive. But generally there is a pattern in such cash flows. Initially they might be negative, but as the project starts getting mature there is positive cash flow.

This is normal circumstance. Under this there is only one real IRR. IRR is represented as the rate of return where present value of inflows = present value of outflows.

Thus, statement is true and correct.

6 0
4 years ago
if you start making $265 monthly contributions today and continue them for four years, what is the furture value if the compound
galina1969 [7]

Answer:

FV= $15,482.98

Explanation:

Giving the following information:

Monthly investment= $265

Number of periods= 12*4= 48

Interest rate= 0.0975/12= 0.00813

<u>To calculate the future value, we need to use the following formula:</u>

FV= {A*[(1+i)^n-1]}/i

A= monthly deposit

FV= {265*[(1.00813^48) - 1]} / 0.00813

FV= $15,482.98

5 0
3 years ago
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