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3 years ago

Which of the following statements is CORRECT?

Business

1 answer:

Advocard [28]3 years ago

8 0

Answer: Option B

Explanation: In simple words, capital market is that market in which securities that are long term in nature are sold and purchased. The maturity period of such securities is generally more than one year.

These, markets transact all types of securities whether it is equity or debt, but it has to be long term in nature.

Hence, from the above we can conclude that the right answer is Option B.

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Mercer Inc. is a retailer operating in British Columbia. Mercer uses the perpetual inventory method. All sales returns from cust

astraxan [27]

Answer:

Date Description Quantity Unit Cost Total Cost

Jan 1 Beginning inventory 280 $14 $ 3920

Jan 5 Purchase 392 $17 $ 6644

Jan 8 Sale 308 $28 $ 8624

Jan 10 Sale return 28 $28 $ 784

Jan 15 Purchase 154 $20 $ 3080

Jan 16 Purchase return 14 $20 $ 280

Jan 20 Sale 252 $31 $ 7812

Jan 25 Purchase 56 $22 $ 1232

Total Units 868 at $ 14596

Average Cost = $ 16.82

Moving Average Cost Method

Date Description Quantity Unit Cost Balance

Jan 1 Beginning inventory 280 $14 $ 3920

Jan 5 Purchase 392 $17 $ 6644

Units 672 $ 10564 15.72

Jan 8 Sale 308 $28 $ 8624

Units 364 15.72 5722.17

Jan 10 Sale return 28 $28 $ 784

Jan 15 Purchase 154 $20 $3080

Units 546 9586.17 17.55

Jan 16 Purchase return 14 $20 $280

Jan 20 Sale 252 $31 $7812

Units 280 17.55 4914

Jan 25 Purchase 56 $22 $1232

Units 336 6146 $ 18.29

Moving-average cost Ending Inventory= $ 6164

Ending Units 336

FIFO Ending Inventory = $ 6454

56 units at $22 = $ 1232

154 units at $20 = $ 3080

126 units at $17 = $ 2142

LIFO Ending Inventory = $ 4872

280 units at $14 = $ 3920

56 units at $17 = $ 952

Gross Profit Inventory = $ 16.82 * 336= $ 5651.52

Moving Average Cost = 336* 18.29= $ 6146

FIFO Cost of Goods Sold= Total Sales - Ending Inventory FIFO

=8624-784+ 7812- 6454

=15652- 6454= $ 9198

LIFO Cost of Goods Sold= Total Sales - Ending Inventory LIFO

= 15652- 4872=$ 10780

Gross Profit Cost of Goods Sold= Total Sales - Ending Inventory Gross Profit =15652- 5651.52= $ 10,000.48

Moving-average cost Cost of Goods Sold= Sales - Ending Inventory=

15652-$ 6164= $ 9488

Gross Profit:

1) LIFO= 4872

2) FIFO= 6454

3) Moving Average 6164

5 0

4 years ago

The first step in starting a business is to develop a ________.

lora16 [44]

Hello there !

Your answer would be A hope this helps

7 0

4 years ago

After these closing entries what will be the balance in the retained earnings account? Total Revenues $ 125,000 Total Expenses 6

WINSTONCH [101]

Answer:

$10,000

Explanation:

Given the data above,

5 0

4 years ago

Select the type of operational test and evaluation that assesses crew vulnerability required by title 10 u.s.c 2366. production

Vanyuwa [196]

Answer: live fire test and evaluation

Live fire test and evaluation is a test process which assesses crew vulnerability. It is a statutory requirement (Title 10 U.S.C. § 2366) before anyone can proceed to major munitions, missile programs or covered systems.

4 0

3 years ago

Why is it in our self-interest to economize or pick and choose goods and services that maximize our satisfaction? Because of our

Novosadov [1.4K]

Answer:

The correct answer is the first option: Because of our limited incomes conflicting with our insatiable wants for goods and services.

Explanation:

To begin with, in the microeconomics theory, the individuals agents that are the consumers are all the time trying to satisfy their needs due to the fact that there is an unlimited desire for goods and services that keep continue to grow all the time and that conflicts with the fact that most of the people have only few and limited resources to get the necessary income to obtain all of those goods and services. That is why that the consumers always look for the way to maximize their satisfaction according to the available income that they have with the purpose to spend it on those goods and services.

3 0

4 years ago