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sertanlavr [38]
3 years ago
9

The Expense Account selected for inventory parts would normally have the account type ____________.

Business
1 answer:
damaskus [11]3 years ago
6 0

Answer:

b. Cost of Goods Sold

Explanation:

An inventory turnover can be defined as a measure of the amount of times an inventory used or sold by an organization at a specific period of time. The inventory turnover is calculated by dividing cost of goods sold by average inventory.

The Expense Account selected for inventory parts would normally have the account type Cost of Goods Sold.

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Career choice, getting/keeping a job, career changes, career advancement skills are examples of
yulyashka [42]

Answer:

b

Explanation:

6 0
3 years ago
In a very strong economy, where the demand for qualified job applicants exceeds the supply, the environmental characteristic of
Nadya [2.5K]

Answer: (C) Resource scarcity

Explanation:

 The resource scarcity is one of the basic economical problem that cause decreasing in the various types of natural resources and various types of basic requirements.

According to the question, the resource scarcity is one of the environmental characteristics and it occur when the demand exceeds as compared to the basic supply and specific requirement. When the consumption are get increased to the basic usage of the requirement.      

 Therefore, Option (C) is correct.

7 0
4 years ago
Bears Inc. sells football helmets to local schools and warrants all of its products for one year. While no helmets sold in 2018
Serggg [28]

A. A decrease in assets and decrease in Stockholders' equity.

B. No journal entry in necessary until products under warranty are returned.

C. An increase in stockholders' equity and a decrease in liabilities.

D. A decrease in stockholders' equity and an increase in liabilities.

Answer: D. A decrease in stockholders' equity and an increase in liabilities.

Explanation: Liability can simply be described as debt or what is owed by a firm, whereas the equity of the stockholders refers to assets or possession of a firm once liabilities have been deducted. In the scenario above, the expected returns have not been made as envisaged based on data from previous years, the 3% expected return which is covered by warranty will be added to liability which means liability increases as the buyers are either refunded or issued new helmets. Once liability increases, stockholders equity will also decrease as it involves the deduction of liabilities.

3 0
4 years ago
In September 2000 the Pullman Group arranged a bond issue for the estate of the late Marvin Gaye. The collateral on the bonds (a
nata0808 [166]

Answer:

The bond will sell for the amount of $869.17

Explanation:

According to the given data coupon amount = 50/2 = 25

Therefore, in order to calculate the selling price of the bond we would have to make the following calculation:

selling price of the bond = 25 * PVIFA(3%,52) + 1,000 * PVIF(3%,52)

selling price of the bond= 25 * 26.1662 + 1,000 * 0.2150

 selling price of the bond= $869.17

The bond will sell for the amount of $869.17

6 0
4 years ago
Review Questions
cupoosta [38]
Answer to question 1= it is different because on a news paper it is written and typed , on a TV u don't have to read instead u can just watch.
4 0
3 years ago
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