1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
In-s [12.5K]
3 years ago
5

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
How would you pay taxes on a earned income?
nasty-shy [4]
You must pay two types of taxes on earned income: Social Security/Medicare taxes (called FICA, OASDI, or payroll taxes) and income taxes. The payroll taxes that are withheld from your paycheck have two components.
3 0
3 years ago
the loss of producer surplus associated with some sellers dropping out of the market as a result of the tax is
san4es73 [151]

Answer:

$60

Explanation:

According to information on your question. We are to note that an absence or reduction of suppliers could lead to lower supply.

As in this case, the producer supply loss of $60 was incurred as some sellers dropped out of the market as a result of the tax.

6 0
3 years ago
Which of the following are advantages of PERT and CPM? (I) It is visual. (II) It is automatically updated. (III) Activities that
Alecsey [184]

Answer:

A. III only

Explanation:

One of the very useful tools in project management analysis is the PERT and CPM.

PERT (Program evaluation and review technique) provides valuable information regarding which activities need to be closely watched.

While CPM (Critical Path Method) helps in determining the time required to complete each task, and the minimum time required to complete a project.

Both CPM and PERT serve similar purposes by helping to determine projects or activities that need to be watched closely.

7 0
3 years ago
48. What does management say they are doing to assure the public that the financial information is reliable
WARRIOR [948]

Answer:

Management of a company is responsible for integrity and objectivity of financial statements. It is management's responsibility to comply with all applicable accounting standards while preparing financial statements.

Explanation:

There should be strict internal controls in a company. A company management is responsible to comply with all laws, and prepare financial standards free from errors. There should be no window dressing and information presented should be reliable. A company management is also responsible to maintain effective internal control system.

6 0
3 years ago
Decision makers can help the community recover from an event more quickly by:
maria [59]

Answer: D

Explanation:

The ability to make sound, timely decisions during an emergency is critical. Effective decision making can ,Avoid tragedy ,help manage incidents.

build community trust and support.

help the community recover from an event more quickly. Conversely, poor decision making or the absence of decisions potentially can result in injury or death to victims and/or responders.

4 0
3 years ago
Other questions:
  • Explain how and why governments may want to regulate the price setting of a natural monopoly.
    15·1 answer
  • My question is below. PLEASE HELP ASAP!!! THANKS ;)
    8·1 answer
  • Factors involved in importing​
    8·1 answer
  • Which of the following are generally true of all​ bonds? A. A fall in interest rates results in capital losses for bonds whose t
    8·1 answer
  • ​the ___________________ section of the marketing plan supplies information about the company's current situation with respect t
    8·1 answer
  • What is seen as a major downfall to pepfar funding?
    10·2 answers
  • Individual visits to college campuses usually provide opportunities for all the following except
    13·2 answers
  • Oficina Bonita Company manufactures office furniture. An unfinished desk is produced for $37.10 and sold for $65.45. A finished
    8·1 answer
  • 6. When as asset, such as a car, decreases in value over time what is it called?
    9·1 answer
  • The communication process begins with a(n) ______, the person who ______ a message.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!