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Ahat [919]
3 years ago
12

Mr. Etemadi has prepared the following list of statements about service companies and merchandisers.

Business
1 answer:
lions [1.4K]3 years ago
6 0

Answer:

1.True

2.False

3.True

4.True

5.False

6.False

7.True

8.False

Explanation:

1. Measuring net income for a merchandiser is conceptually the same as for a service company.

Net Income = Sales - Expenses

2. For a merchandiser, sales less operating expenses is called gross profit.

Gross Profit = Sales less Cost of Sales

3. For a merchandiser, the primary source of revenues is the sale of inventory.

Merchandiser purchases inventory for resale.

4. Sales salaries and wages is an example of an operating expense.

Operating Expenses are expenses incurred to derive income in primary activities of a company

5. The operating cycle of a merchandiser is the same as that of a service company.

The service company can have client work outstanding at end of year but this differs from that of a merchandiser

6. In a perpetual inventory system, no detailed inventory records of goods on hand are maintained.

Detailed records are kept after every sale

7. In a periodic inventory system, the cost of goods sold is determined only at the end of the accounting period.

After a given period cost of sales and inventory balances are determined -opposite of perpetual

8. A periodic inventory system provides better control over inventories than a perpetual system.

Perpetual is even better as it keeps track of both inventory and cost of goods sold after every sale

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Based on the information given the number of shares outstanding after the split will be: 160,000 shares.

Using this formula

Outstanding shares=Current shares  outstanding × Number of the split

Where:

Current shares  outstanding =40,000 shares

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Let plug in the formula

Outstanding shares=40,000 shares×4

Outstanding shares=160,000 shares

Inconclusion the number of shares outstanding after the split will be: 160,000 shares.

Learn more here:

brainly.com/question/14652555

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2 years ago
How does physical, chemical and biological factors affect the environment and examples of each
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3 years ago
Joanne invested $90,000 for a 20% interest in a limited liability company (LLC) in which she is a material participant. The LLC
ExtremeBDS [4]

Answer:

Explanation:

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When a manager uses__________ to increase motivation, the manager is seeking to change job characteristics, such as the skill in
Alik [6]

Answer:

<u><em>Work redesign.</em></u>

Explanation:

Work redesign occurs through a process of reviewing, reviewing, and reorganizing work-related activities, when there is a need to restructure work-related tasks and responsibilities, with the goal of streamlining organizational processes as well as making work more encouraging from the perspective of employees, that is, there is the readjustment of the employee to perform a job that is more compatible with their skills, which consequently increases their motivation and productivity.

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marusya05 [52]

Answer:

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7 0
3 years ago
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