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
miv72 [106K]
3 years ago
15

Under what inventory system is cost of goods sold determined after each sale?

Business
2 answers:
WARRIOR [948]3 years ago
8 0

Answer:

perpetual

Explanation:

Nuetrik [128]3 years ago
4 0

Answer:

perpetual

Explanation:

You might be interested in
You purchased a stock at a price of $53.36. The stock paid a dividend of $1.87 per share and the stock price at the end of the y
kotykmax [81]

Answer:

Total return = 14.94%

Explanation:

Options are <em>"14.17% , 13.40% , 14.94%, 11.43%, 3.50%"</em>

End price = $59.46

Beginning price = $53.36

Dividend = $1.87

Total return = (End price - Beginning price + Dividends) / Beginning price

Total return = ($59.46 - $53.36 + $1.87) / $53.36

Total return = $7.97 / $53.36

Total return = 0.1493628185907046

Total return = 14.94%

4 0
3 years ago
Verma, Inc. sells office furniture. In 2021, it sold 200 desks for $500 each. For each desk sold, Verma distributed a 50% discou
Effectus [21]

Answer:

$12

Explanation:

The standalone price is the price at which the seller (Verma) would sell its products or services (discount coupon) separately to other customers.

to determine the standalone price of the discount coupon we must multiply the change in discount by the expected use of the coupons:

  • change in discount = $150 x (50% - 10%)  = $150 x 40% = $60
  • expected use = 20%

= $60 x 20% = $12

3 0
3 years ago
Quentin operates an ice cream franchise that has shops throughout the United States. CoolCream Co., the franchisor, supplies the
denpristay [2]

Answer:

The correct answer is D

Explanation:

Arrangement of  manufacturing or processing-plant is the one which defines the relationship where the franchisor transmits or shifts to the franchisee for the essential ingredients or for the specifications in order to make the specific product. And then the franchisee will market at the retail or wholesale level as per the standards of the franchisor.

So, in this situation, the franchisor supplies the essential ingredients of the franchisee for his store and then the franchisee sold to customers the ice cream. Therefore, this relationship is regarded as manufacturing or processing-plant arrangement.

6 0
3 years ago
Maker Co. discovered that in the prior year it incorrectly calculated depreciation expense and reported $75,000 in depreciation
WARRIOR [948]

Answer:

The correct answer is D.

Explanation:

Giving the following information:

Maker Co. discovered that in the prior year it incorrectly calculated depreciation expense and reported $75,000 in depreciation expense instead of the correct depreciation expense of $50,000. The tax rate for the current year was 35%.

We need to calculate two different impacts:

Accumulated depreciation= actual depreciation - original depreciation

Accumulated depreciation= 50,000 - 75,000= 25,000 overstated

Now, the effect on income:

Savings in tax= 25,000*0.35= $8,750

7 0
3 years ago
A company uses cash to pay all of the following excepta. All of these choices are correct.b. interest to creditorsc. dividends t
never [62]

Answer:

d. depreciation expense

Explanation:

The expenses which are paid by cash reduced the cash balance displayed in the balance sheet . Like interest to creditors, stockholders dividend, wages expenses, miscellaneous expenses, admin expenses, etc. These expenses can be paid either by cash or by bank account .

But the depreciation expense is a non - cash expense which reduces the fixed asset balance over the fixed asset useful life. Plus this is shown in the income statement on the debit side. Like this other examples would be goodwill impairment, amortization expenses, etc.

3 0
3 years ago
Other questions:
  • From the information available, which of the following
    6·2 answers
  • Consumer protection is an important issue, but how much responsibility should the government have in protecting consumer? There
    11·1 answer
  • National Warehousing just announced it is increasing its annual dividend to $1.18 next year and establishing a policy whereby th
    11·1 answer
  • In 2003, Congress passed a substantial cut in income taxes. The Federal Reserve also substantially lowered interest rates. How c
    11·1 answer
  • A section at the top of the page that makes it easy for the recipient to respond to a letter is called a(n)
    9·1 answer
  • Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted se
    10·1 answer
  • A quality analyst wants to construct a control chart for determining whether three machines, all producing the same product, are
    8·1 answer
  • Why are companies required to perform payroll withholding?
    12·2 answers
  • Group of answer choicesThe horizon value is calculated by discounting the free cash flows beyond the horizon date and any tax sa
    14·1 answer
  • Meaning of business and its objectives plz helppppp
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!