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2 years ago

6

Which of these are mathematical laws that help us solve numerical problems? O A decimals O B. graphs O C. formulas OD. percentag

es O E. tractions

1 answer:

Nana76 [90]2 years ago

5 0

Answer:

The answer is C. Formulas.

Explanation:

Formulas: It is just a mathematical rule that is expressed in numerals or some other symbols and is used to solve a numerical problem.

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Nutritional Foods reports merchandise inventory at the lower of the cost or market. Prior to releasing its financial statements

ELEN [110]

Answer:

1. Debit Cost of goods sold $5,000

Credit Inventory account $5,000

Being entries to write down merchandise inventory to its realizable amount.

2. Revised partial Income statement

Amount

Sales revenue $121,000

Cost of goods sold <u> ($54,000 )</u>

Gross Profit <u> $67,000 </u>

Explanation:

According to IAS 2 inventories, Inventory is initially be recognized at the cost of purchase (which includes the cost of the item and other associated cost such as freight)

Subsequently, inventory would be measured at the lower of cost or net realizable value.

As such, whenever the cost is higher than the net realizable value, the cost of the inventory will be written down by

Since the current replacement cost of ending merchandise inventory is $16000 and the Cost is $21000.

Amount to be written down

= $21000 - $16000

= $5,000

To adjust for this,

Debit Cost of goods sold $5,000

Credit Inventory account $5,000

Total amount in cost of goods sold = $49,000 + $5,000

= $54,000

Revised partial Income statement

Amount

Sales revenue $121,000

Cost of goods sold $54,000

Gross Profit $67,000

4 0

3 years ago

There is a _______ relationship between real GDP and tax revenues, which partially explains deficit spending during a recession.

chubhunter [2.5K]

Answer: positive

Explanation:

The real gross domestic product refers to the value of the output in an economy which has been adjusted for price changes.

There's a positive relationship between the real GDP and tax revenues. This can be used to explain deficit spending during a recession. When there's recession, there'll be a reduction in the output and consumption in the economy. At this point, there'll be a reduction in GDP.

3 0

3 years ago

SwimFit produces gear for swimmers, including suits, goggles, swim caps, and ear plugs. SwimFit wants to improve the quality of

Sphinxa [80]

Answer:

(E)

Explanation:

Since SwimFit wants to improve the quality of its goggles and other products inorder to achieve better quality than that of its competitor it is termed reverse engineering.

Any reproduction of another manufacturer's product after examination of how it is made is called reverse engineering.

An example of this scenario occurs in real life when a close competitor of a firm invents a new mobile phone with certain features. Within a few weeks the other firm might release their own mobile phone with similar or even better features.

8 0

3 years ago

A certain chicken company decides that it will become the market leader in the poultry business in five years with a 40 percent

Stolb23 [73]

Answer:

The correct answer is letter "E": goal.

Explanation:

Goals represent the objectives companies set to accomplish over a specific period and represent the reason why the firm takes several methodical steps towards achieving that mission. Goals can be <em>quantified </em>and <em>measured </em>to verify inf they are achievable.

5 0

3 years ago

Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of segment a and (2)

trapecia [35]

Answer:

There is no data given in the question, a similar question is attached with this answer and answer was made accordingly.

Comparative Statement is made in the MS Excel File which is attached with this answer, Please find it.

Explanation:

a.

All the items except the president salary are relevant to the segment A, because these costs are particularly for incurred for Seg. A. A a single unit the Segment A is making the profit of $11,000. Allocation of president salary is the major reason for the loss.

b.

Keeping Segment A makes is a more profitable decision than Eliminating the segment A. because share of president salary associated with segment A is allocated to other segments and Segment A was contributing $11,000 in the president salary at break-even. This contribution is lost when we Eliminate the Segment A.

6 0

3 years ago