Answer:
In a perpetual inventory system:
<em>1)Merchandising transactions are recorded as they occur</em>
<em>3) Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold</em>
<em>4)The need to take physical inventory is eliminated</em>
Explanation:
In a perpetual inventory system: Merchandising transactions are recorded as they occur.
In periodic system :No effort is made to record the Cost of Goods Sold until year-end. Entries are done at the year end.
In a perpetual inventory system:Entries are made in the Cost of Goods Sold account whenever merchandise is purchased or sold. Costs are assigned to the cost of goods sold each time a sale occurs in a perpetual inventory system.
In a perpetual inventory system:The need to take physical inventory is eliminated.But still it is done to assure the ending inventory.
In periodic system : the physical count cannot be eliminated.
Answer:
b. One year from now, Bond A’s price will be higher than it is today
Explanation:
Bond A has 7% annual coupon
Bond B has 9% annual coupon
YTM (market rate) 8%
Bond A yield for less than market market thus, they will be offered below ther face value to make it more profitable.
Bond B yield above market rate therefore; investors will accept to pay higher than face value up to yield market rate.
Both bonds, will move towards face value in the future as at maturity both will pay 1,000 regardless of the coupon payment and market rate.
<u>We can conclude then:</u>
<em>Bond A is below 1,000 dollars one year from now will be closer from this value thus; higher value.</em>
Answer:
A. $30,500
Explanation:
As it did not elect fair value it choose for equity method.
We icnrease when income is delcare and decrease whn cash payment are distribute considering our percentage of participation.
200,000 beginning investment
+ 80,000 x 30% income = +24,000
- 50,000 x 30% dividends - 15,000
<u>+100,000 </u>x 30% income + 30,000
239,000
Half this investment is 119,500
amount received 150,000
gain n sale: 30,500
Answer:
B.The amount you spend on variable expenses changes from month to month.
Explanation:
Variable expense is that which changes in proportion to increase or decrease in production, sales or any relevant activity. You pick the hint from the word "variable" which means 'changing' and from understanding this, you eliminate the choices that say otherwise.
Answer:
The right response is "False advertising". A further explanation is given below.
Explanation:
- False advertising refers to just about every documented argument but rather television advertising which always benefits customers an inaccurate view as well as believing of the prospective customer.
- Regrettably, several other organizations have decided to appreciate the value of having appeared to receive just one substantial discount and perhaps another opportunity to encourage people to purchase, with really no intention of agreeing.