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omeli [17]
3 years ago
10

A way of buying, in which you can purchase goods or services and pay later, is called:

Business
1 answer:
Trava [24]3 years ago
5 0
A credit Xdxdxxdxdxdxd
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Uber's review of drivers average passenger rutings., in order to make personnel decisions, is an example of which of the followi
katen-ka-za [31]

Answer:c

Explanation: i just took the quiz

4 0
3 years ago
The inventory costing method that identifies each item in ending inventory with a specific purchase and invoice is the:______.
Aneli [31]

The inventory valuation method that identifies each item in ending inventory with a specific purchase and invoice is the: Weighted average inventory method.

<h3>What is Weighted average inventory method?</h3>

The COGS and inventory amounts are determined using a weighted average in the Weighted Average Cost (WAC) technique of inventory valuation in accounting. The weighted average cost method divides the price of the items up for grabs by the quantity of them. Under IFRS accounting as well as GAAP, the WAC approach is acceptable. Beginning inventory value plus acquisitions are used to compute costs of products that are offered for sale.

The number of units a business can sell, or the total number of units in inventory, is determined by adding the beginning inventory in units plus the purchases in units.

To learn about Weighted average inventory method from the link:

brainly.com/question/13860881

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6 0
2 years ago
Nico bought 100 shares of cisco systems stock for $30.00 per share on january 1, 2013. he received a dividend of $2.00 per share
Kamila [148]
Jan. 1, 2013:
Initial investment = (100 shares)*($30/share) = $3,000.

End of 2013:
Dividend collected = ($2/share)*(100 shares) = $200

End of 2014:
Dividend collected = ($3/share)*(100 shares) = $300

End of 2015:
Dividend collected = ($4/share)*(100 shares) = $400

Returns::
 From sales of 100 shares = ($33/share)*(100 shares) = $3,300
 From dividends = 200 + 300 + 400 = $900
 Total returns = 3,300 + 900 = $4,200

Realized returns = Total returns - Initial inestment
                            = 4200 - 3000
                            = $1,200

Answer: $1,200
6 0
3 years ago
Presented below is the trial balance of Bramble Corporation at December 31, 2020.
8_murik_8 [283]

Answer:

Bramble Corporation

Assets:

Current Assets:

Cash                                                  $ 201,440

Debt Investments (trading)

(at cost, $145,000)                               155,150

Accounts Receivable         437,150  

Allowance for

Doubtful Accounts             27,150     410,000

Inventory                                             601,440

Total current assets                                           $1,368,030

Long-term assets:

Debt Investments (long-term)           303,440

Equity Investments (long-term)         281.440

Land                                                   262,150

Buildings                            1,044,440

Accumulated Depreciation 152,000 892,440

Equipment                           602,150

Accumulated Depreciation 60,000   542,150

Franchises                                         160,000

Patents                                              195,000

Total long-term assets                                      $2,636,620

Total assets                                                       $4,004,650

Liabilities + Equity:

Current Liabilities:

Notes Payable (short-term)               92,150

Accounts Payable                            457,150

Dividends Payable                           140,440

Accrued Liabilities                             98,150

Total current liabilities                                        $787,890

Notes Payable (long-term)             904,440

Bonds Payable                             1,004,440

Total long-term liabilities                                $1,908,880

Total liabilities                                                $2,696,770

Common Stock ($5 par) 1,002,150

Treasury Stock                   193,150

Net Stock outstanding                    809,000

Retained Earnings, December 31    414,440

Paid-in Capital in Excess of Par        84,440

Total equity                                                    $1,307,880

Total liabilities + equity                                $4,004,650

Explanation:

a) Data and Calculations:

                                                              Debit              Credit

Cash                                                  $ 201,440

Debt Investments (trading)

(at cost, $145,000)                               155,150

Accounts Receivable                          437,150  

Inventory                                             601,440

Sales                                                                        $ 8,102,150

Cost of Goods Sold                        4,800,000

Allowance for Doubtful Accounts                                 27,150

Debt Investments (long-term)           303,440

Equity Investments (long-term)         281.440

Notes Payable (short-term)                                           92,150

Accounts Payable                                                        457,150

Dividends Payable                                                       140,440

Accrued Liabilities                                                         98,150

Notes Payable (long-term)                                         904,440

Bonds Payable                                                         1,004,440

Common Stock ($5 par)                                          1,002,150

Treasury Stock                                  193,150

Retained Earnings                                                       82,440

Paid-in Capital in Excess of Par                                  84,440

Investment Revenue                                                     67,180

Land                                                  262,150

Buildings                                        1,044,440

Accumulated Depreciation-Buildings                       152,000

Equipment                                        602,150

Accumulated Depreciation Equipment                      60,000

Franchises                                        160,000

Patents                                              195,000

Selling Expenses                           2,002,150

Administrative Expenses                 904,180

Interest Expense                               215,180

Gain                                                                              84,180

Totals                                        $12,358,460    $12,358,460

b) Income Statement for the year ended December 31, 2020:

Sales                                              $ 8,102,150

Cost of Goods Sold                        4,800,000

Gross profit                                   $3,302,150

Investment Revenue                            67,180

Gain                                                       84,180

Total Income before expenses   $3,453,510

Selling Expenses            2,002,150

Administrative Expenses  904,180

Interest Expense                215,180

Total Expenses                               (3,121,510)

Net Income                                     $332,000

Retained Earnings                              82,440

Retained Earnings, December 31  $414,440

7 0
3 years ago
Veggies wilt or soften and their color intensifies as they
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C usually when they are put to a boil.
5 0
3 years ago
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