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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.

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Which type of tax is also known as municipal tax? taxes at the level are known as municipal taxes. the two main components of th

Aloiza [94]

Municipal tax is also known as the property tax or house tax. The state collects taxes from a variety of sources, including inheritance taxes, natural resource forfeiture taxes, and gambling taxes, but the majority of its revenue comes from two sources: income taxes and sales taxes.

A good tax system must meet its five basic requirements: fairness, adequacy, simplicity, transparency, and manageability. Opinions differ on what constitutes a good tax system, but the general consensus is that these five elements should be maximized.

There are two types of taxes direct taxes and indirect taxes. Both tax implementations are different. Some are paid directly, such as damage income tax, corporate tax, and property tax, while others are paid indirectly, such as consumption tax, service tax, and value-added tax.

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2 years ago

Richland Enterprises has budgeted the following amounts for its next fiscal year: Total fixed expenses $ 48 comma 000 Selling p

Alik [6]

Answer:

The number of units needed to break even will decrease by 276 units

Explanation:

Giving the following information:

Total fixed expenses $48,000

Selling price per unit $45

Variable expenses per unit $30

Richland Enterprises can reduce fixed expenses by $4,140.

First, we need to calculate the actual break-even point in units:

Break-even point= fixed costs/ contribution margin

Break-even point= 48,000/ (45 - 30)= 3,200 units

New fixed costs= 48,000 - 4,140= 43,860

Now, we calculate the new break-even point:

Break-even point= 43,860 / 15= 2,924

The number of units needed to break even will decrease by 276 units.

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3 years ago

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svetoff [14.1K]

Answer:

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3 years ago

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at the end of its 2021 fiscal year, a triggering event caused janero corporation to perform an impairment test for one of its ma

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The manufacturing facility is impaired when the book value exceeds the total of estimated undiscounted future cash flows.

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<h3>When fair value exceeds book value, what happens?</h3>

An asset's value is "impaired" if its book value is higher than its fair value. Additionally, you are required to include the impairment loss in your income from continuing operations. The impaired asset's carrying value on your balance sheet is also affected by impairment losses.

<h3>How is an asset's impairment determined?</h3>

Resources are viewed as weakened when the book worth, or net conveying esteem, surpasses expected future incomes. The impairment must be reflected in the financial statements if it is permanent.

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1 year ago

Which is a characteristic of the factors of production?

balandron [24]

The answer is scarcity.

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3 years ago