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Serjik [45]
3 years ago
13

Which statement below correctly explains what merchandise inventory is? Multiple choice question. Merchandise inventory is incre

ased when products are sold to customers. Merchandise inventory is subtracted from net sales on the income statement to determine gross profit for the period. Merchandise inventory is an expense account reported on the income statement and contains the cost of products purchased for sale. Merchandise inventory is an asset reported on the balance sheet and represents the cost of products purchased for sale.
Business
1 answer:
Vikki [24]3 years ago
6 0

Answer:

Merchandise inventory is an asset reported on the balance sheet and represents the cost of products purchased for sale.

Explanation:

Merchandise inventory is the stock of the company and the same is to be reported under the current asset side of the balance sheet also the asset contains normal debit balance. In addition to this, it shows the cost of product buy for sale

Therefore the last option is correct

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Child labor is permitted and widely employed in Country X. A multinational company entering Country X decides to employ minors i
Ad libitum [116K]

Answer: Option B

                                 

Explanation: Cultural relativism refers to the belief that ethical or moral frameworks are all equally legitimate, differing from society to society, and no particular framework is actually"better" than other system.

This is predicated on the phenomenon that there is no universal definition of positive or negative, so any decision of correct or incorrect is a societal thing.

Each and every viewpoint on ethics or morality is thus signatory to each individual's cultural point of view. In the final analysis, this implies that no ethical or moral system can be deemed the "best" or "bad" and that no specific moral or ethical situation can be judged "appropriate" or "incorrect."

6 0
4 years ago
Ep-22 which âclassâ of fires consists of flammable liquids including stove alcohol, gasoline and diesel?
lozanna [386]

Fires due to flammable liquids including stove alcohol, gasoline and diesel are classified as “Class B”.

 

<span>Class B fires are caused by hydrocarbon fuels and are rarely controlled. They can easily develop into incredibly large fires that can injure people and destroy buildings. Water based extinguishers should not be used since hydrocarbons only float in water. </span>

8 0
4 years ago
Eat at State is considering buying a new food truck. It will cost $65,000, but is expected to generate $20,000 in sales over the
Afina-wow [57]

Answer:

It is not advisable to buy the food truck, since over the 4 years of investment it will show a loss of $ 40,000.

Explanation:

Since Eat at State is considering buying a new food truck, and it will cost $ 65,000, but is expected to generate $ 20,000 in sales over the next 4 years, and at the end of the 4th year, the truck will be sold to Eat Like a Wolverine in Ann Arbor for $ 10,000 (after taxes), and it will require $ 5,000 in additional Net Working capital that will not be recovered when the truck is sold, and the Dean of Food Services will only authorize the purchase if it is cash positive by the end of the 4th year, to determine, using the payback period method if the truck should be purchased and why, the following calculation must be performed:

-65,000 + 20,000 + 10,000 - 5,000 = X

-70,000 + 30,000 = X

-40,000 = X

Therefore, it is not advisable to buy the food truck, since over the 4 years of investment it will show a loss of $ 40,000.

3 0
3 years ago
In 2009, an agricultural company introduced a new cropping process which reduced the cost of growing some of its crops. If sales
Natali5045456 [20]

Answer: $90,000

Explanation:

If sales in 2008 and 2009 were steady at $30 million, but the gross margin increased from 2.9% to 3.2% between those years, the amount by which the cost of sales would be reduced would be:

= $30 million × (3.2% - 2.9%)

= $30 nillioy× 0.3%

= $30 million × 0.003

= $90,000

8 0
3 years ago
Discuss how SAS has been successful in cultivating and enhancing employees skills. In what ways are SAS’s organizational approac
Alja [10]

Answer:

SAS has been successful in cultivating and enhancing employees skills implementing sound human capital management practices that increase its business advantage.

Explanation:

SAS Human Capital Management allows an organization to implement sound human capital management practices that increase its business advantage.

SAS’s organizational approaches targets to ensure job satisfaction by:

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Yes, other companies would be successful in adopting the "SAS approach." developing a culture that aligns employee interest with company goals.

3 0
3 years ago
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