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EleoNora [17]
3 years ago
15

Merchandise inventory can be described as: (Check all that apply.) Multiple select question. an asset account. an expense accoun

t. an account increased with a debit. an account appearing on a balance sheet of a merchandiser. products that a company owns and intends to sell. an account appearing on a balance sheet of a service compan
Business
1 answer:
Tatiana [17]3 years ago
8 0

Answer: • an asset account.

• an account increased with a debit.

• an account appearing on a balance sheet of a merchandiser

• products that a company owns and intends to sell.

Explanation:

Merchandise inventory refers to the account on the balance sheet which shows the total amount that's paid for products which are yet to be sold by the manufacturer. It can also be described as an:

• an asset account.

• an account increased with a debit.

• an account appearing on a balance sheet of a merchandiser

• products that a company owns and intends to sell

You might be interested in
Two basketball teams have a game Friday night. Within the first minute, they sell 8 adult tickets and 12 student tickets for a t
Sliva [168]

Answer:

the price adult ticket is $8 and the price of children tickets is $5.

Explanation:

This question can be solved using a simultaneous equation.

Let :

x = price of adult tickets

y = price of children tickets

If 8 adult tickets and 12 student tickets are sold for a total of $124, the first equation would be

8x + 12y = $124

If 16 adult tickets and 23 student tickets are sold for a total of $243, the second equation would be

16x +23y = $243

The two equations are

8x + 12y = 124

16x +23y = 243

To solve, multiply equation 1 by 2 . This gives equation 3

16x + 24y = 248

Now substract equation 3 from 2. This gives y = 5

To find y, substitute 5 with y in equation 1

8 x + 12(5) = 124

8x + 60 = 124

Solve for x

x = 8

Therefore, the price adult ticket is $8 and the price of children tickets is $5.

I hope my answer helps you

3 0
4 years ago
Money, Inc., a calendar year S corporation in Denton, Texas, has two unrelated shareholders, each owning 50% of the stock. Both
kozerog [31]

Answer:

Both shareholder has $200,000 of dividend income resulting from the distribution.

Explanation:

Solution

Given that:

Now,

When the securities are issued, there will be a gain recognized  of $200,000 to Money Inc. thus, The $200,000 = $1 million - $800,000.

The AAA will increase by $200,000.

This  gain known will flow through to the two shareholders of Money Inc. as   50% is owned  by both shareholders and  the stock amount for each shareholder will be $200,000/2 = $100,000.

so, the basis of stock for each shareholder will increase by $100,000.

Now,

The distribution before AAA of securities the result will be  = 300,000+100,000+200,000 = $600,000.

Then,

A  $1 million distribution will be acted on first as coming first from AAA to the extent of $600,000.the amount balanced will be  $1 million - $600,000 = $400,000. This will be serve as coming from AEP.

so,

The AAA  is = 600,000 – 600,000 = 0.

The basis for each shareholder before distribution will be = 400,000+100,000+50,000 = 550,000.

The  portion of non taxable  of the above distribution = 300,000 from AAA.

Hence,the  basis = 550,000 – 300,000 =250,000

Therefore, each shareholder has $200,000 of dividend income resulting from the distribution.

4 0
4 years ago
Which of the following is true about value-based cultures?a. They emphasize obedience to the rules as the primary responsibility
Lelu [443]

Answer:

(D) These cultures are perceived to be more flexible and far-sighted corporate environments.

Explanation:

A corporation that operates as a value-based organization, is a corporation that operates on a culture that was shaped by the members of the organization, from employees to shareholders, and thus tends to be more flexible in how they operate compared to traditional corporation structures. Employees are committed to these types of organizations because they find alignment between their personal values and the values of the organizations, which in turn lead to better overall performance.  

6 0
4 years ago
"Calandra Panagakos works for CIBC Currency Funds in Toronto. Calandra is something of a contrarianlong dashas opposed to most o
Ad libitum [116K]

Answer:

Calandra should buy call on Canadian Dollars on C$ $0.7000 $0.00049

Explanation:

If she is expecting the Canadian dollar to appreciate versus the United States Dollar in the future, she would buy a calla that gives her the right to buy Canadian Dollars at a lower price than hers future cost projection.

8 0
3 years ago
2. The Basics of Business Writing Writing in a business environment differs from other types of writing. In professional setting
frutty [35]

Answer:

Fast Facts: Basic Business Writing Goals

 Convey Information: Forms of business communication, such as research reports or policy memos, are written to disseminate knowledge.

 Deliver News: Professional writing is often used to share recent events and accomplishments with both internal and external audiences.

 Call to Action: Business professionals use writing in an attempt to influence others for numerous reasons including selling merchandise and passing legislature.

 Explain or Justify an Action: Professional communication allows a business entity to explain their beliefs or to justify their actions.

1. Instructional Business Writing

Instructional business writing provides the reader with the information needed to complete a task. The task may need be accomplished immediately or it may be for future reference.

This type of document must break down a process into steps that are understandable to the reader. The written record must account for reader’s knowledge of the area, the scope of the task while integrating variations or potential problems.

Examples:

 User Manual: a guide focused on allowing the customer to use a product. Effective user manuals are crucial to a good user experience and a happy customer. User manuals are often considered part of technical writing, which is closely related to business writing.

 Specifications: a technical document which provides an outline of a product or process that allows it be constructed or reconstructed by an unfamiliar but knowledgeable user, enabling effective distribution.

 Memo: a short notification of new information shared within a large group in an organization. The memo may include a direct instruction or be a reference on how to complete future tasks.

2. Informational Business Writing

Not all business writing requires action. A large volume of writing is created for reference or record. This category can include some of the less glamorous but still essential documents.

Recording business information accurately and consistently is important for marking progress, predicting future work, as well as complying with legal and contractual obligations.

 Report: perhaps the bulk of informational writing is report writing. Organizations rely on reports to act, to communicate business and technical information, to capture work completed, to record incidents, to finalize projects and recommendations, and to act as an archive. A well written report allows the reader to easily grasp the content and, if applicable, make informed decisions.

 Financials: documents that outline the financial state of a company. These statements provide a fiscal snapshot of a company over a defined period.

 Minutes: a summary of the proceedings of a meeting. A record of discussions, decisions, and assignments for attendees and others.

3. Persuasive Business Writing

When people think of business writing, they often think of the persuasive writing category. These documents are generally associated with sales. The persuasive writing may be direct, with focus on a specific item, or indirect, with focus on developing the client relationship.

The goal is to two-fold: to convey information and to convince the reader that the presented information offers the best value. The text is written to impress the reader and sway their decision.

 Proposals: these documents outline an offer of a product or service to a specific potential client. The proposal generally presents project overview, benefits, timeline, costs, and competency.

 Sales Email: an email written to a large number of people to pitch a product or service.

 Press Release: a text written for journalists and media presenting new information. The text aims to persuade the reader to share the content through their own channels

4. Transactional Business Writing

Everyday communication falls under transactional business writing. The majority of this writing is by email, but also includes official letters, forms, and invoices. An easy way to quickly improve your transactional business writing is to take an online course.  

These documents are used to progress general operations. They are also used to convey good and bad news, often associated with human resource processes.

 Emails: documents used to quickly communicate information between staff or clients in business activities. Read our guide on how to write a business email here.

 Dismissal notice: this letter provides the official context and procedural details associated with employment termination.

Each business document falls into one of these four categories. By determining the category, you will better understand your document’s goal. This insight will improve your writing.

Explanation:

5 0
3 years ago
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