Answer:
Explanation:
1. Measuring net income for a merchandiser is conceptually the same as for a service company. TRUE
2. For a merchandiser, sales less operating expenses is called gross profit.
FALSE
For a merchandiser,sales subtracted from cost of goods sold is called gross profit.
3. For a merchandiser, the primary source of revenues is the sale of inventory.
TRUE
4. Sales salaries and wages is an example of an operating expense. TRUE
5. The operating cycle of a merchandiser is the same as that of a service company.
FALSE
A perpetual inventory system continuously leeps detailed records of the cost of the each purchase and sale. It shows the inventory that should be on hand for energy item.
Answer:A. Recycle their old cell phones
Explanation:just took the test on edgeunity
Answer:
the equivalent uniform annual worth of owning and operting the machien at 5% diiscount rate:
$17,610.88
Explanation:
we will bring each exceptional value to present date and then calcualte the PTM of that
First step:
present value of eahc lump sum:
overhaul:
Maturity 45,000
time 5
PV 35,258
Services:
20,000 year 4 = 16,454.05
10,000 year 8 = 6,768.39
salvage value
30,000 10 years = 18,417.40
<u>total present worth:</u>
150,000 + 6,768.39 + 16454.05 + 35258 - 18,417.40 = 190,063.04
now we calcualtethe PTM of this present value
PV $190,063.04
time 10
rate 0.05
C $ 15,110.881
we add the 2,500 maintenance cost
$17,610.88
This will be the equivalent uniform annual worth of owning and operting the machien at 5% diiscount rate
Answer:
True
Explanation:
Welfare is the provision of social and economic support to individuals and families in society. The intention is to help mitigate their suffering. The governments run welfare programs using public funds.
Social welfare will involve the provision of assistance through programs such as healthcare, unemployment compensation, and food stamps. It also includes education assistance and disaster relief. Direct aid is in the form of food aid, provision of housing, and child well-fare support.
Economic welfare has finance aspects. It includes cash transfers to the elderly and people with severe disabilities. Tax relief and incentives are forms of economic welfare. In times of calamities, governments may give direct financial aid to victims.
Answer: $14,500
Explanation:
I could not find the same question as some details are missing but I did find a similar one that you can reference from. Find it attached.
As the company recorded no write-offs or recoveries during the year, the bad debt expense will be the difference in the allowances made for bad debts over the 2 years.
Bad Debt expense = Allowance balance in 2016 - Allowance balance in 2015
= 80,000 - 65,500
= $14,500
