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
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

You might be interested in
Carlisle Transport had $4,716 cash at the beginning of the period. During the period, the firm collected $1,517 in receivables,
Gnesinka [82]

Answer:

the  cash balance at the end of the period is $3,551

Explanation:

The computation of the cash balance at the end of the period is shown below:

= Cash Balance at beginning of the period + received from receivables - paid to suppliers- cash expenses

= $4,716 +  $1,517 - $2,182 - $500

= $3,551

Hence, the  cash balance at the end of the period is $3,551

The above formula should be used for the same

4 0
3 years ago
If the month-end bank statement shows a balance of $36,000, outstanding checks are $10,000, a deposit of $4,000 was in transit a
Misha Larkins [42]

Answer:

c) $30,600

Explanation:

Bank statement balance = $36,000

Outstanding checks = ($10,000)

Deposit in transit as at month end = $4,000

Erroneous check charged = $600

Correct balance in the bank account = $36,000 - $10,000 + $4,000 + $600

                                                             = $30,600

The right option is c) $30,600

3 0
3 years ago
Efficiency-wage theory suggests that paying a. high wages might be profitable because they lower the efficiency of a firm’s work
Greeley [361]

Answer:  Option B                                    

     

Explanation: In simple words, efficiency theory states that direct monetary benefit is the best motivator for the worker and if the employer pays high wage then the worker will definitely work more efficiently.

It further states that higher wage will be covered by the extra benefit that the worker will provide with his or her performance.

Thus, the correct option is B.

4 0
3 years ago
Which of the following is a common sense safety procedure that can help prevent electrical accidents
evablogger [386]
Putting the wrong wires together and not knowing what goes to what
7 0
3 years ago
Read 2 more answers
Lake City enacts an ordinance that bans the distribu-tion of all printed materials on city streets. Mackensie opposes the city's
loris [4]

Answer:

c. ​unconstitutional under the First Amendment.

Explanation:

Under the first amendment the act of banning such printed materials is unconstitutional. As it is not good for people in the country to witness such things.

As printed material includes books, magazines, and other things which enhance the knowledge level of different people.

Therefore, banning printed material will make the country people short of knowledgeable resources.

Therefore, the court will announce it unconstitutional.

4 0
3 years ago
Other questions:
  • Which of the following information technology jobs involves managing data and making sure only authorized people can access that
    13·2 answers
  • Marshall Enterprises charged the following amounts of overhead to jobs during the year: $20,000 to jobs still in process, $60,00
    11·1 answer
  • Oliver Brush Company sells standard hair brushes. The following information summarizes Oliver​'s operating activities for 2018
    6·1 answer
  • ________________ software analyzes vast stores of historical business data that have been prepared for analysis in corporate dat
    15·1 answer
  • The rent for​ 2-bedroom apartments in detroit has fallen from an average of​ $796 in september 2014 to​ $717 in march 2015. dema
    10·1 answer
  • Basic FLows, Equivalent Units
    11·1 answer
  • If bacon and eggs are complementary goods, and increase in the price of bacon would increase the demand for eggs
    15·1 answer
  • Wildhorse Co. entered into these transactions during May 2022, its first month of operations.
    12·1 answer
  • I’m trying to cancel my membership but I cannot find any cancel option on the menu
    6·1 answer
  • Whenever price is ______ average variable costs but is ______ average total costs, the firm can pay part, but not all, its fixed
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!