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2 years ago

Cost of goods sold is determined only at the end of the accounting period in.

Business

1 answer:

sladkih [1.3K]2 years ago

7 0

<h3>Answer:</h3>

Under the periodic inventory system.

What is periodic inventory system?

Under the periodic inventory system, the cost of goods sold determined at the end of an accounting period by adding the net cost of goods purchased to the beginning inventory and subtracting the ending inventory.

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A progressive tax is one in A) which the average rate increases as income increases. B ) more taxes are paid as income increases

scoundrel [369]

Answer:

A) which the average rate increases as income increases.

Explanation:

A progressive tax is a tax that increases in tax rate as the taxable amount increases. The tax is termed "progressive" because it refers to the increment or progression of the tax rate from low to high, which by implication means that a taxpayer's average tax rate is less than the person's marginal tax rate.

Another term that describes the progressive nature of income taxes particularly in developed economies like the United states and United Kingdom, is the acronym P.A.Y.E which means Pay As You Earn. Ta payers are expected to pay higher tax rates for higher income brackets

6 0

3 years ago

Read 2 more answers

Suppose the following bond quotes for IOU Corporation appear in the financial page of today’s newspaper. Assume the bond has a f

natulia [17]

Answer:

YTM = 4%

Explanation:

Company (Ticker) Coupon Maturity Last Price Last Yield EST Vol (000s)

IOU (IOU) 6 Apr 19, 2034 111.44 ? 1,851

<u />

<u>Determine the yield to maturity </u>

YTM = Rate * 2

years to maturity = 2034 - 2018 = 16 years

NPER = 2 * 16 = 32

PMT = ( face value * coupon rate ) / 2 = ( 2000 * 6% ) / 2 = 60

price of coupon ( PV ) = 2000 * 111.44% = 2228.8

Rate = 2% ( excel function : RATE(32,60,-2228.8,2000)

hence YTM = 2% * 2 = 4%

6 0

3 years ago

g "Problem-solving: Calculate the break-even point (Q), for a firm whose: (a) total fixed cost (TFC) = $100,000, product price (

Maslowich

Answer:

a. $40,000

b. $200

Explanation:

The computation of break-even point is shown below:-

Break-even Point (Q) = TFC ÷ (Price - AVC)

Now we will put the values into the above formula.

a. Break even point = $100,000 ÷ ($10 - $7.5)

= $100,000 ÷ 2.5

= $40,000

b. Break even point = $600,000 ÷ ($15,000 - $12,000)

= $600,000 ÷ $3,000

= $200

Therefore for computing the break even point we simply applied the above formula.

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4 years ago

Maria is known to favor some of her employees over others. For those she dislikes, she sets impossible performance goals so that

fredd [130]

Answer: EXTINCTION

Explanation: Extinction is a method in reinforcement theory. As per reinforcement theory one can change someone behavior by using three methods reinforcement, punishment and extinction. In simple language extinction is stopping someone from performing a learned behaviour. Extinction is, followed by a discriminative stimulus, a response is no longer reinforced.

In this case study maria is doing extinction as she is discriminating employees on the basis of her preference for stopping them to succeed .

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4 years ago

What is a commodity?

Rashid [163]

Commodity means a product that can can be bought and sold

7 0

3 years ago