All categories

3 years ago

Merchandise inventory includes:__________

Business

1 answer:

Leona [35]3 years ago

7 0

Answer:

a. costs to purchase

c. shipping costs

d. costs to prepare for sale

Explanation:

Merchandise inventory is a commodity offered for sale. It is the cost of goods that is readily available at hand which is ready for sale From the options; the Merchandise inventory includes: costs to purchase, shipping costs and costs to prepare for sale.

The remaining options are addressed in the income statement.

You might be interested in

A traditional store selling products

4vir4ik [10]

Confused? What is the problem at hand?

3 0

3 years ago

Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2010, a painting

timurjin [86]

Annual rate of return is the amount you gain/lose on average each year. it is calculate as the following:

Rate of Return = (ending value - amount invested) / the number of years

(1,100,000 - 1,680,000) / 3 = annual rate of return

3 0

3 years ago

Martinez Construction Company has entered into a contract beginning January 1, 2020, to build a parking complex. It has been est

Vikki [24]

Answer:

Estimated gross profit 767,840 627,760 297,000

Explanation:

Compi for the estimated gross profit that would be recognized during each year of construction period.

2017 2018 2019

Price $901,000 $901,000 $901,000

Costs to date $255,420 $433,620 $604,000

Estimated costs to 338,580 160,380 0

Estimated Total cost 133,160 273,240 604,000

Estimated gross profit 767,840 627,760 297,000

Therefore the estimated gross profit that would be recognized during each year of construction period will be :

2017 2018 2019

767,840 627,760 297,000

3 0

3 years ago

Country X's economy is in an inflationary gap. Which of the following combinations of fiscal and monetary policy actions would r

scoundrel [369]

Answer:

To restore full employment in the short run during an inflationary gap condition, the government has to apply contractionary fiscal and monetary policies that will reduce the supply of money.

Explanation:

An inflationary gap is an economic situation that is characterised by excess demand. Particularly it is that situation when the real gross domestic product of a country is greater than the projected gross domestic product. In this condition, actual aggregate demand is higher than potential aggregate demand implying that more goods and services are needed to satisfy consumers. From another perspective, this could be caused by a fall in aggregate supply while aggregate demand remains stable.

Government intervention in this case is to reduce the money supply by implementing contractionary fiscal policies such as increasing taxes, reducing government expenditure which in turn reduces disposable income. Contractionary monetary policies that could be applied include increasing short-term interest rates, increasing reserve requirements. Though this policies come in with some unwanted side effects such as unemployemnt, they however serve as short term adjustment measures for an inflationary gap condition.

6 0

3 years ago

Determine what paul will have to pay on an annual bases for his $449,000 home if his insurance company is charging him $0.41 per

dusya [7]

Answer:

He has to pay the insurance company=$1840.90

Explanation:

Value of his home=$449,000

Insurance company charges $0.41 per $100 of value in his home

Number of $100's in $449,000=449000/100=4490

They charge 0.41 for every $100=4490×0.41= $1840.90

He has to pay the insurance company=$1840.90

4 0

4 years ago