Answer:
D) only revenue is recorded each time a sale is made.
Explanation:
When a company uses a periodic inventory system, the cost of goods sold is calculated only after the physical inventory count is completed. This physical count is done periodically and may happen once every few months or even once a year.
The periodic system is obsolete nowadays and cheaper technological solutions make it easier for companies to use a perpetual inventory system which is much better in every possible way.
Answer:
A-Changing federal income tax rates
Explanation:
The Fed controls the money supply using monetary policy tools. Monetary policy is either expansionary or contractionary. The Fed chooses which policies to apply depending on the prevailing economic conditions.
Monetary policy tools available to the Fed include reserve requirements, interest on reserves, open-market operations, discount rates, and the federal fund rate.
The Fed does not set the federal income tax rates. Taxes are part of the fiscal policy applied by the executive arm of government. The government alters taxation to achieve desired macroeconomics objectives.
The agreements that set terms for various aspects of commercial relations with other countries such as the right to conduct business in the treaty partner's domestic market are called <span>friendship, commerce, and navigation (FCN) treaties. Correct answer: C
</span><span>This document includes several aspects: human rights, trade and investment protection in international diplomacy.</span>
If you want to make sure it's interesting, you have to cater your speech/talk to your target audience. This is good advice. A 15-page detailed Powerpoint presentation with note cards would do as much good when presenting to kindergarteners as a water hose would do good in a flood. But, say, it was a fire, then the water hose might come in handy. In our case, your boss at the business meeting would find your Powerpoint much more interesting than kindergarteners would.
Hope this helps! Have a nice day :)
Answer:
January $151,575
February $248,675
March $305,525
Explanation:
The computation of the cash collections is shown below:
January month
= January credit sales × month of sale collection percentage
= $202,100 × 75%
= $151,575
February month
= January credit sales × following month collection percentage + February credit sales × month of sale collection percentage
= $202,100 × 25% + $264,200 × 75%
= $50,525 + $198,150
= $248,675
March month
= February credit sales × following month collection percentage + February credit sales × month of sale collection percentage
= $264,200 × 25%+ $319,300 × 75%
= $66,050 + $239,475
= $305,525
