Using the image above, which section of the letter is the opening?

Which of the following is a difference between the financial statements of a merchandising company and a service company?

Nookie1986 [14]

Answer:

The correct option is (B)

Explanation:

Cost of goods sold the cost attributed to goods produced by the organization. Cost of goods sold is incurred by organizations that manufactures a tangible product. Service firms do not incur any cost on goods sold as they do not need any raw material to manufacture goods.

Cost of goods sold is an expense and not an asset as it is a cost incurred to manufacture assets for the organization.

Therefore, correct option is (B)

6 0

3 years ago

Can someone help me with my recent question please

Arisa [49]

THE QUESTION:

You have been put in charge of the taxation of the Mars colony. You need to decide how to tax the citizens of the colony.Will you institute a progressive, regressive, or a flat tax on income? Will you institute excise taxes? If yes, what goods and services will you tax and why? Will you institute sales taxes, property taxes, or VAT on goods?

Explanation:

I am not good at these terms, but

I would not use a flat tax, as I know that it would make lot's of people's life harder, from the middle class, to lower class, that might put people in financial struggles. Instead, I would charge different taxes on people, judged on their income. That would help lot's, and would be a good deed. Also, I will also use property taxes, because most of the time, if you didn't have money to spare, you wouldn't spend it on a house, right? I might have sale taxes, which I would say depends on how much I need as a government on MaRs! :|)

6 0

3 years ago

The production possibilities curve:

jekas [21]

Answer:

The correct answer is letter "B": is a frontier between all combinations of two goods that can be produced and those combinations that cannot be produced.

Explanation:

A variety of answers to the question: <em>"What is our optimum production capacity?"</em> solves the Production Possibility Frontier (PPF). Increased output requires job creation and the best efficient use of resources. This maximizes the labor force available and reduces the services that are not used.

<em>Plotted in a graph, PPF reflects the possible combinations an organization has and how to optimize output as well as what combinations are not to be produced.</em>

7 0

3 years ago

After hearing a knock at your front door, you are surprised to see the Prize Patrol from a large, well-known magazine subscripti

maw [93]

Answer:

option A - $9.48 miilion

Option B - $9.75 million

Option C - 11.13 miilion

option c

Explanation:

Calculate the present value of each option. (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor(s) from the tables provided. Enter your answers in dollars but not in millions.)

2. Determine which option you prefer.

Option A

Option B

Option C

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Option 1

Cash flow each year from year 1 to 20 = $1.35 million

I = 13%

Present value = 9.48 miilion

option 2

PV = $9.75 million

Option 3

Cash flow in year 0 = $3.75 million

Cash flow each year from year 1 to 20 = $1.05 million

I = 13%

Present value = 11.13 million

option 3 has the highest present value and should be chosen

To find the PV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

9.48 miilion

11.13 miilion

5 0

3 years ago

W gave w's age as 50 when w purchased a life policy. at the time of w's death seven years later, the company discovered w's true

gizmo_the_mogwai [7]

W understated his age at the time he wanted to purchase the insurance policy; he was 52 then but he stated his age as 50. The normal procedure under the misstatement of age provision in regard to the payment of the death claim is that THE AMOUNT THAT WILL BE PAID TO W'S BENEFICIARIES WILL BE EQUIVALENT TO THE AMOUNT THAT THE PREMIUM WOULD HAVE BOUGHT IF THE CORRECT AGE HAD BEEN STATED.

6 0

3 years ago