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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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The manager of the customer service division of a major consumer electric company is interested in determining whether the custo
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Answer:  Stratified random sampling

Explanation:

Given : The manager of the customer service division of a major consumer electric company is interested in determining whether the customers who have purchased a Blu-ray player made by the company over the past 12 months are satisfied with their products. If there are 4 different brands of Blu-ray players made by the company.

The best sampling strategy which we can use is stratified random sampling because it is not much costly and also it induces the efficiency . We can me different strata according to the 4 brands , then we can randomly select participants for the sample.

  • Stratified random sampling is a method of probability sampling in which a researcher divides the entire population into multiple homogeneous groups known as strata and then he randomly select an sample members from each strata for research .
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Kathryn is looking for ideas on how best to grow her small business. She and her three partners sit down to brainstorm suggestio
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Answer:

B

Explanation:

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3 years ago
On December 31, 20X1, Ball Company leased a machine from Cook for a 10-year period, expiring December 30, 20Y1. Annual payments
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<u>Therefore, the lease liability is $533,600 and the current liability is $46,640. </u>

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The current price of the common stock of Internet Enterprises is $100. Over the course of a year, the stock's price will either
KATRIN_1 [288]

Answer:

Current value of this newly issued option on Internet Enterprises= $25

Explanation:

Risk free rate for 6 month or period 1= (1000-909.09)/909.09=10%

Risk free rate for 1 year= (1000-826.45)/826.45=21%

Hence, risk free rate for period 2= (1+21%)/(1+10%)-1=10%

Now, Risk free rate factor for period 1 (R1)=1+10%=1.1

Risk Free rate factor for period 2 (R2)=1+10%=1.1

Upward price factor for a period(u)=(1+100%)^(1/2)=1.414

Downward price factor for a period(d)=(1-50%)^(1/2)=0.707

Probability of upward price= (R-d)/(u-d)=(1.1-0.707)/(1.414-0.707)=0.55

Probability of downward price= 1-0.55=0.45

After period 1: Upward price=100*1.414=141.4 with probability 55%

Downward price =100*0.707=70.7 with probability 45%

After period 2:

Upward Price will be =141.4*1.414=200 with probability= 55%*55%=30.25%

Downward price will be=70.7*0.707=50 with probability=45%*45%=20.25%

Mid price will be = 141.4*0.707 or 70.7*1.414=100 with probability =2*45%*55%=49.5%

Now, the highest price the stock can go is $200 with probability 30.25% and it was issued at $100

Hence, expected payoff of the option=30.25%*(200-100)=$30.25

So, current value of the newly issued option= 30.25/(1+21%)=$25

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