Answer:
The correct option is C. Inventory and Cost of Goods Sold.
Explanation:
A perpetual inventory system is a type of inventory management that tracks real-time stock receipts and sales using technology such as enterprise asset management software and computerized point-of-sale systems.
In a perpetual inventory system, the balances of Merchandise Inventory and Cost of Goods Sold are updated whenever a sale occurs.
Therefore, the correct option is C. Inventory and Cost of Goods Sold.
Answer: answer number 2
Explanation: it is the number answer 2 because you first open it then date stamp it and sort then distribute
The correct answer to this open question is the following.
You forgot to include the options for this question. However, we can answer the following.
This scenario best illustrates forward integration.
This is a case of forward integration because BlockWood Inc., which was facing similar difficulties with other buyers too, eventually stopped supplying raw materials and took to manufacturing furniture instead. SO they decided to fabricate their own furniture.
Companies make this decision as a process of vertical integration to expand and grow their business. In this case to produce and control their own products, eliminating the retailer that had decided to pay less money for the raw materials.
So now, Blockwood Inc. has the challenge to design and sell the products it is fabricating.
Answer:
a) $347,760
b) $197,760
c) $199
Explanation:
a)
The Loan is paid by 240 (20 x 12 ) equal installments. These Installments include the principal and interest payment portion. Total payment to be made including interest and principal will be as follow:
Total amount = Installment amount x Numbers of installment = $1,449 x 240 = $347,760
b)
Amount Paid over the principal amount is the cost of interest on the loan
Cost of Interest = $347,760 - $150,000 = $197,760
c)
First payment of $1,449 includes the interest and principal amount. We will separate both as follow
Interest portion = $150,000 x 10% x 1/12 = $1,250
Principal Portion = $1,449 - $1,250 = $199
$199 is applied to principal.