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melamori03 [73]
3 years ago
10

As part of the calculation for cost of goods sold it is necessary to determine the value of goods on hand, termed merchandise in

ventory. Accountants use two basic methods for determining the amount of merchandise inventory. Identify the two methods and describe the circumstances (including examples of users of each method) under which each method would be used.
Business
1 answer:
Ket [755]3 years ago
6 0

Answer:

The two methods or systems for determining the amount of merchandise inventory are:

the perpetual inventory system and periodic inventory system.

Explanation:

The perpetual inventory system requires that separate accounts be kept for Inventory and Cost of Goods Sold to enable a continuous or perpetual update of inventory transactions.  This is unlike the periodic inventory system, where the update of inventory transactions are done periodically, and only the Inventory Purchase account is maintained for inventory transactions, with the Inventory balances and Cost of Goods Sold determined periodically.

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Create a cash flow statement for your own finances. Why are cash flow statements useful in managing money?
trapecia [35]
Answer:

Cash flows tell us about the company’s actual outflows and inflows of cash in particular period such as quarter or year or others. This very important for business as cash flow from main operations helps the company to see whether they are generating enough to invest in growth projects or not.
7 0
3 years ago
In order for the economy to be strong, individuals must?
liq [111]
Provide Labor And Buy Goods 
4 0
3 years ago
1) Write an SQL statement for the HAPPY INSURANCE database that adds the column ClientPhone to the table CLIENT.
Sindrei [870]

An SQL statement for the HAPPY INSURANCE database that adds the column ClientPhone to the table CLIENT is:

ALTER TABLE dbo.CLIENT

ADD ClientPhone

<h3>What is SQL?</h3>

This refers to the use of databases to perform computations such as UPDATE, ADD, ALTER TABLE, etc.

Hence, the use of Structured Query Language would help to add to a database and this would be done using the ALTER TABLES function as shown above.

Read more about SQL here:

brainly.com/question/25694408

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7 0
2 years ago
When the US government becomes aware of economic changes, the discovery is most likely to influence 1. how the nation allocates
snow_tiger [21]

Answer:

1. How the nation allocates resources

Explanation:

Government is the chief decision maker in any economic model because their power enables to allocate nation`s resources among economic unit. As such they keep watch on the economic changes and trends in order to make the best economic decision for the nation. When government becomes aware of economic changes, it will try to allocate resources efficiently and effectively based on signal given by the changes.

For example, if US government is aware that the economy is nearing recession, it will be put in preventive measures to escape the intending recession and make sure it allocates its scarce in efficient way among the economic units by spending more on capital projects, raising social empowerment spending and doing other necessary things.

So the discovery of economic changes will most likely influence how the nation allocates resources.

5 0
3 years ago
Rice Co. was incorporated on January 1, Year 6, with $500,000 from the issuance of stock and borrowed funds of $75,000. During t
Mkey [24]

Answer:

B) $617,000

Explanation:

Issuance capital of 500,000 shall remain constant. Out of the current year net earnings 25000 we are paying 2000 as dividend so, that adds to the owners equity = 23000.

Total liabilities = total assets = 500000 + 23000 + 94000 = 617000

8 0
3 years ago
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