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3 years ago

the _____ principle states that inventory costs are expensed as cost of goods sold when inventory is sold.

Business

2 answers:

mr Goodwill [35]3 years ago

6 0

The school principal!

Glad I can help

AURORKA [14]3 years ago

4 0

Answer:cost

Explanation:

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Cycle Sporting Goods sells bicycles throughout the northeastern United States. The following data were taken from the most recen

koban [17]

Answer: 1250 units

Explanation:

GIVEN the following ;

JULY :

Expected sales = 1,990 units

Ending of month target inventory =400 units

AUGUST:

Expected sales = 2,140 units

Ending of month target inventory =490 units

SEPTEMBER:

Expected sales = 2,070 units

Ending of month target inventory =460 units

Ending of month target inventory in July = August beginning inventory = 400units

Expected August unit sales = 2,140 units

AUGUST ending inventory = 490 units

Expected sales = beginning inventory + purchased inventory - ending inventory

2140 = 400 + purchased inventory - 490

2140 = 890 + purchased inventory

Purchased inventory = 2140 - 890

August purchased inventory should be = 1250 units

8 0

4 years ago

The right to trade an investment over a certain period of time is called a(n):

Sloan [31]

The right to trade in investment over a certain period of time is called C. Option.

3 0

3 years ago

Types of Financial Assets Match the description of the security to the type of financial asset. A security that provides a payof

IRISSAK [1]

Answer: Derivative security

Explanation:

Derivative security is referred to as the security that provides a payoff which depends on the values of other assets.

A derivative security is referred to as the financial instrument whereby the value depends on the value of another asset. There are different types of derivatives such as options, swaps, futures, and forwards. Example of derivative security is convertible bond.

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3 years ago

Which of the following statements is the most accurate? Sole proprietorships are well suited for people who want to own a busine

emmasim [6.3K]

Answer:

D. Sole proprietorships are taxed at the owner's personal tax rate

Explanation:

Sole Proprietorship can be defined as a simplest form of owning and starting any business. As the term suggests, this business is onwed by an individual only or shared by married couples.

Sole properietorship is easy to set up because the owner need not to register itself to state government, therefore, because of absence of governmental involvement, it is easy to set up or deconstruct sole proprietorship.

<u>From the given options, the statement which is most accurate about a sole proprietorship is option D. The owner of sole proprietorship pays personal taxes on the profits earned by his/her business.</u>

Therefore, option D is correct.

3 0

3 years ago

Alpha Wood Interiors announced that it is going out of business. As of today, no more regular dividends will be paid. The firm w

xz_007 [3.2K]

Answer:

$44.52

Explanation:

The value of the stock today can be determined by finding the present value of the liquidating dividends

Present value is the sum of discounted cash flows

Present value can be calculated using a financial calculator

Cash flow in year 1 = 17

Cash flow in year 1 = 32

I = 6%

PV = $44.52

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

4 0

3 years ago