Which of the following is required to be present in an Employment Verification Letter?

Regarding the four-step closing process under the periodic inventory system, ________. A. Sales Revenue is closed with a credit

ziro4ka [17]

Answer:

The correct answer is D. the ending merchandise inventory balance must be recorded as a debit via the Income Summary account

Explanation:

In the permanent inventory system, all purchases, sales, discounts and returns on purchases and sales are recorded at cost, in the account Goods not Manufactured by the Company. Thus: Purchases: the acquisition of merchandise is accounted for with a debit in the Merchandise not Manufactured by the Company account and a credit in Banks or Suppliers, as the case may be.

The initial inventory represents the value of the stock of merchandise on the date the accounting period began. This account is opened when the control of the inventories, in the Major General, is carried out based on the speculative method, and does not return to movement until the end of the accounting period when it will be closed with charge at cost of sales or by Profit and Loss directly. And it is the detailed and detailed relationship of the stock of merchandise that a company has when starting its activities, after making a physical count.

The final inventory is made at the end of the accounting period and corresponds to the physical inventory of the merchandise of the company and its corresponding valuation. By relating this inventory to the initial one, with the net purchases and sales of the period, you will obtain the Gross Profits or Losses in Sales of that period. is the list of stocks at the end of an accounting period.

6 0

3 years ago

In contrast to goods and services markets, _____________ are rare in labor markets, because rules that prevent people from earni

Anestetic [448]

Answer:

price ceilings

Explanation:

In contrast to goods and services markets, <u>price ceilings</u> are rare in labor markets, because rules that prevent people from earning income are not politically popular.

8 0

3 years ago

Velshi Printers has contracts to complete weekly supplements required by forty-six customers. For the year 2018, manufacturing o

bixtya [17]

Answer:

$4,783.88

Explanation:

As for the provided information, the problem is based on activity based costing.

There are 3 activities:

i) Design Changes = $120,000 for 500 changes

Cost per change = $\frac{120,000}{500}$ = $240 for each change

ii) Setups = $380,000 for 4,000 setups

Cost per setup = $\frac{380,000}{4,000}$ = $95 for each setup

iii) Inspections = $100,000 for 9,000 inspections

Cost per inspection = $\frac{100,000}{9,000}$ = $11.11

In case of Money Managers, there is printing of 70,000 pages

Design charges = 12 design changes $\times$ $240 = $2,880

Setup charges = 17 setups $\times$ $95 = $1,615

Inspection charges = 26 inspections $\times$ $11.11 = $288.88

Total overhead cost for Money Managers = $2,880 + $1,615 + $288.88 = $4,783.88

4 0

3 years ago

Louis is a student at Texas A&M who just secured a summer internship working for the marketing department of Southwest Airli

marin [14]

Answer:

The answer is "Option b".

Explanation:

The Greyhound Bus uses the three types of fare, that were being used by Greyhound, and the extra travelers Economy and Luxury pay non-refundable costs, receive $20 to upgrade their fares or one carriage free or one luggage free. Additional travelers from Business also receive priority loading but collect further rewards than travelers from Business.

7 0

2 years ago

Stormie Zanzibar owns a bakery in the fictitious country of Olombia. Each month the government’s market ministry mails her a lar

elena-s [515]

Answer:

The correct answer is: a centralized planned economy.

Explanation:

To begin with, a planned economy is a type of economic system where the investment, the production and more take place under a production plan develop by the organization in charge, in this case, the government. Moreover, a centralized form of planned economy characterizes by the qualities of not letting the people and the market decide freely by instead is the government who takes all the decisions that will impact in the economy.

The fact that Stormie receive a list with all the information about the prices and restrictions in the economy indicates that she lives under a centralized planned economy system.

7 0

3 years ago