All categories

3 years ago

Which of the following statements is correct?

Business

1 answer:

Eddi Din [679]3 years ago

5 0

Answer:

The correct answer is D

Explanation:

Under the periodic inventory system, the companies evaluate the COGS (Cost of goods sold) at the end of the accounting year or the fiscal period. And the details of the goods on hand which are not available, in this system.

And under the perpetual inventory system, this offer better control over the inventories rather than the periodic inventory system. And this system requires the COGS (Cost of goods sold) to be acknowledged at the time of sale and it contain the more accurate value of goods on hand.

Therefore, the statement which is correct is that the perpetual inventory system, offer better control over inventories.

You might be interested in

Pastore Inc. granted options for 1 million shares of its $1 par common stock at the beginning of the current year. The exercise

harina [27]

Answer:

$5,500,000

Explanation:

Total fair value of the options = Number of shares in the option × Estimated fair value per option = 1,000,000 × $5.50 = $5,500,000

Therefore, the total compensation indicated by these options would be $5,500,000.

5 0

3 years ago

Aaron Corporation, which has only one product, has provided the following data concerning its most recent month of operations: S

Y_Kistochka [10]

Answer:

Product cost= $75

Explanation:

Giving the following information:

Variable costs per unit:

Direct materials $17

Direct labor $47

Variable manufacturing overhead $11

Under the variable costing method, the unitary product cost is calculated using the direct material, direct labor, and unitary variable overhead:

Product cost= 17 + 47 + 11= $75

6 0

3 years ago

Why is it relevant that finance tends to attract large amounts of money? a. Money can be used for good or evil b. Finance attrac

SpyIntel [72]

Answer: c. Financial markets are a critical components of economic success

Explanation:

Economic success runs on companies and individuals being able to produce goods and services for the economy. To be able to do so they need capital to invest and most times they don't have that capital.

This is where Finance comes in. It connects people who do not have the capital but want to produce to those that have the capital but do not necessarily want to produce.

The huge amounts of money that finance attracts is channelled to those who need it. They then produce and the economy becomes successful.

6 0

3 years ago

Cryan Jeep Tours operates jeep tours in the heart of the Colorado Rockies. The company bases its budgets on two measures of acti

Jobisdone [24]

Answer and Explanation:

The preparation of the report showing the company revenue and spending variance is shown below:

Cryan Jeep Tours

Revenue and Spending Variances

For the Month Ended May 31

Particulars Actual Results Flexible Budget Revenue & Spending Variances

Guests 507 507

Jeeps 192 192

Revenue $82,854 $104,949 $22,095 U (A)

(507 ×$207)

Expenses:

Tour guide wages $32,357 $31,104 $1,253 U

(192 × $162)

Vehicle expenses $20,140 $25,846 $5,706 F

($5,500 + 507 × $14 + 192 × $69)

Administrative expenses $7,388 $8,591 $1,203 F

($2,000 + 507 × $13 )

Total expense $59,885 $65,541 $5,656 F (B)

Net operating income $22,969 $39,408 $16,439 U (A - B)

We simply deduct all expenses from the revenues so that the net operating income could come

8 0

3 years ago

g Suppose the Federal Reserve begins to increase the supply of money at an increasing rate. What impact would that have on GDP,

satela [25.4K]

Expansionary monetary policy shifts AD to the right.

<h3>What is Expansionary monetary policy?</h3>

Expansionary policy, often known as loose monetary policy, expands the availability of money and credit in order to stimulate economic growth.
During difficult economic circumstances, a central bank may use expansionary monetary policy to reduce unemployment and stimulate growth.

<h3>Impacts on GDP, unemployment, and inflation by the increase of supply of money:</h3>

The Federal Reserve begins to grow the money supply at an increasing rate.
The impact on GDP, unemployment, and inflation would be significant.
AD is shifted to the right by expansionary monetary policy.

Therefore, expansionary monetary policy shifts AD to the right.

Know more about Expansionary monetary policy here:

brainly.com/question/18939014

#SPJ4

8 0

2 years ago