Under the perpetual inventory system, in addition to making the entry to record a sale, a company would A. make no additional entry until the end of the period B. record an increase in inventory corresponding to the cost of the inventory. C. record an increase in inventory corresponding to the amount of the sale. D. record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.

Answers

Answer 1

Answer:

D)record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.

Explanation:

perpetual inventory system can be regarded as an inventory management method which involves the recording of real time transaction of stocks by application of technology , both sold and received stocks. This method has great efficiency compare to periodic inventory system. It should be noted that Under the perpetual inventory system, in addition to making the entry to record a sale, a company would record a decrease in inventory and an increase in cost of goods sold for the cost of the merchandise sold.


Related Questions

When a finalist does not get a job offer, they are likely to perceive ________.

a. low procedural fairness
b. low distributive fairness
c. low interactional fairness
d. high interactional fairness

Answers

Answer:

b. low distributive fairness

Explanation:

Staffing is simply ways or means of acquirement, deployment, and retainant of a workforce of sufficient quantity and quality so as to give or bring about (create) positive impacts on the organization's/firm effectiveness. There are Three types of justice. They are: Distributive, procedural, and interactional. Distributive justice is based on perceived fairness of decision-making outcomes.

Distributive fairness is the perceived fairness of the hiring or promotion outcome.. when distributive justice is low, it means that there is a lack of fairness that people are getting rewarded what they should.

The price elasticity of demand (based on the midpoint formula) when price increases from $10 to $12 is:______

Answers

Answer:

the price elasticity of demand is 1

Explanation:

The price elasticity of the demand using mid point formula is as follows:

Price elasticity of the demand is

= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of quantity demanded)  

where,  

Change in quantity demanded is

= Q2 - Q1

= 36 - 30

= 6

And, average of quantity demanded is

= (36 + 30) ÷ 2

= 33

Change in price is

= P2 - P1

= $12 - $10

= $2

And, the average of price is

= ($12 + $10) ÷ 2

= 11

So, the price elasticity of demand is 1

A total of $8000 is invested: part at 6% and the remainder at 11%. How much is invested at each rate if the annual interest is $500?

Answers

Answer: See explanation

Explanation:

Based on the scenario in the question, our calculation goes thus:

0.11x + 0.06(8000 - x) = 500

0.11x + 480 - 0.06x = 500

0.11x - 0.06x = 500 - 480

0.05x = 20

x = 20/0.05

x = 400

$400 was invested at 11%

Also, 8000 - 400 = 7600 invested at 6%

Answer: Based on the scenario in the question, our calculation goes thus:0.11x + 0.06(8000 - x) = 5000.11x + 480 - 0.06x = 5000.11x - 0.06x = 500 - 4800.05x = 20x = 20/0.05x = 400$400 was invested at 11%Also, 8000 - 400 = 7600 invested at 6%

Explanation:

The Bureau of Labor Statistics counts as employed people who work part-time, but would prefer to work full-time. Suppose the people who had part-time jobs, but wanted full-time jobs, were counted as unemployed. Explain how the unemployment rate and the labor force participation rate would change.

Answers

Answer:

The labor participation rate would not change because it counts the labor force as a percentage of the total adult population, and the labor force includes both the number of people employed and the number of people unemployed, so, even if those working part-time were counted as unemployed by the BLS, they would still be part of the Labor Force.

The labor participation rate formula is:

Labor Participation Rate = (Labor Force / Total Adult Population) x 100

The unemployment rate would indeed change, because it counts the number of unemployed as a percentage of the labor force. If those working part-time were counted as unemployed by the BLS, the number of people unemployed would obviously spike.

The formula is:

Unemployment Rate = (Number of Unemployed / Labor Force) x 100

Q2. Which of the following is not covered under Marine Insurance?
a Theft insurance
b. Marine insurance
c. Life insurance
d. Fire insurance​

Answers

Answer:

Marine Insurance? lol kinda make no sense

The following are budgeted data: January February March Sales in units 16,600 23,200 19,600 Production in units 19,600 20,600 19,300 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 25% of the following month's production needs. Purchases of raw materials for February would be budgeted to be: Multiple Choice 20,925 pounds 20,575 pounds 20,275 pounds 18,325 pounds

Answers

Answer: 20,575 pounds

Explanation:

Production needs in February are 20,600 units.

These take a pound of material to be made finished goods so 20,600 pounds are needed.

Raw material purchase = Total required + Closing inventory - Opening inventory

Closing inventory = 25% * March needs

= 25% * 19,300 = 4,825 pounds

Opening inventory = 25% * Feb needs

= 25% * 20,600 = 5,150 pounds

Raw materials purchase = 20,600 + 4,825 - 5,150

= 20,575 pounds

Your client wants to transfer $500 from their checking account into a savings account to cover tax liabilities for sales made that month.
Where should they start the process?
a) Navigate to the + New button then find the Transfer link
b) Navigate to the Gear Icon then find the Transfer link
c) Navigate to the Sales screen then find the Transfer link
d) Navigate to the Banking screen then find the Transfer link

Answers

Answer:

a) Navigate to the + New button then find the Transfer link

Explanation:

In the case when the client wants to transfer $500 from the checking to the saving account so that the liabilities of the tax could be covered. Now the process would be started via navigating it to the new button and then find the transfer link

Therefore the correct option is a

Hence, the rest of the options are incorrect

dover compnay deposits 30000 with second national bank in an account earning interest at 5% per annum semi annualy. how much will dover have in the account after 5 years if interest is reinvested

Answers

Answer:

$38,402

Explanation:

Calculation for How much will Dover have in the account after five years if interest is reinvested

First step is to use Financial calculator to find

the Future value factor of (2.5%, 10 years)

Future value factor of (2.5%, 10 years)=1.28008

Now let calculate Future value using this formula

Future value = Principal *Future value factor

Let plug in the formula

Future value= $30,000 * 1.28008

Future value=$38,402

Therefore How much will Dover have in the account after five years if interest is reinvested is $38,402

6. What are the three basic types business organizations? *
1.Sole Proprietors, Non Profits and Cooperatives
2.Corporations, Cooperatives and Franchise
3. Sole Proprietorships, Partnership and Cooperative
4.Sole Proprietorships, Partnership and Corporation

Answers

Answer:

4.Sole Proprietorships, Partnership and Corporation

Explanation:

A sole proprietorship is probably the most popular form of business ownership. It a business owned by a single individual.  A sole proprietorship is simple to establish and operate. The owner does not require to consult anyone when making decisions. A sole proprietorship enjoys single layers of taxation, although the owner has unlimited liability to the business's debts.

When two or more friends or acquaintances combine efforts to create a business, they form a partnership. The partnership business is guided by agreements contained in the partnership deed. The agreement dictates each partner's role, the formula for sharing profits and losses, among other items. The income of a partnership is treated as the partners' income for taxation purposes.

A corporation is a complex business structure. Legally, a   corporation is recognized as a distinct and separate entity from its owners. A corporation is a legal person with rights to trade, enter into contracts, own properties, and incur debts. As a business, the corporation is expected to file income tax returns.  

Calculate the purchase price for a 52-week, $1,000 Treasury bill with a stated interest rate of 2.20 percent. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Purchase price ___________.

Answers

Answer:

The purchase price for the Treasury bill is $978.00.

Explanation:

The following are given in the question:

Maturity value = $1,000

Interest rate = 2.20%

With these, we first calculate the amount of discount as follows:

Amount of discount = Maturity value * Interest rate = $1,000 * 2.20% = $22,00

The purchase price can now be calculated as follows:

Purchase price = Maturity value - Amount of discount = $1,000 - $22.00 = $978.00

Therefore, the purchase price for the Treasury bill is $978.00.

When Mia and Shane are planning their honeymoon, their travel agent tells them that if they buy a special package, their trip to Paris will include meals, tickets to the theater, and a rental car in addition to airfare and a hotel. This is an example of the use of
A) multiple-unit pricing.
B) bundle pricing.
C) prestige pricing.
D) price lining.
E) price packaging.

Answers

Answer: bundle Pricing

Explanation:

Bundle Pricing is a strategy that is used by companies whereby several products are all packages together for a lower price.

Here, we are informed that the special package for their trip to Paris will include meals, tickets to the theater, and a rental car in addition to airfare and a hotel. This is an example of bundle Pricing as the company can sell different products together at once.

Last year Submarine's sales were $25 million. If sales grow at 8% per year, how large (in millions) will they be 6 years later?

Answers

Answer:

The answer is $39.67 million

Explanation:

N(Number of years/Number of periods) = 6

I/Y(Yield-To-Maturity) = 8 percent

FV(Future value/Par value) =?

PV(present value or market value) = $25 milllion

Now to solve this, lets use a financial calculator (e.g Texas BA II plus)

N= 6; I/Y = 8%; PV = -25; CPT FV = 39.67

Therefore, in 6 years, the money will be $39.67 million.

which task does cluster analysis perform?
A. predict the behavior of new customers
B. find that attributes that are similar
C. group similar customers together
D. identifies the most valuable customers​

Answers

Answer:

C. groups similar customers together

Explanation:

Describe an economic problem the government in America is trying to solve. How does scarcity and unintended consequences affect the government's policy on this issue? What solution do you think would work best? How would We The People benefit from this policy solution?

Answers

Answer:

an economic problem in America that they are trying to solve is the population but they really don't say much making people not care because they thin it not there problem

The waiter told Janis that the cake has fewer carbohydrates (carbs) than the pie, and that the pudding has more carbs than the pie. What relational responses are combinatorially entailed and likely to be reinforced in this context?

Answers

Answer:

The waiter told Janis that the cake has fewer carbs than the pie, and that the pie has fewer carbs than the pudding. Janis can associate both messages and infer that the cake has fewer carbohydrates than the pudding without the waiter explicitly telling her that.

A (cake) < B (pie)

B < C (pudding)

therefore,

A < C

Ringo now has $700. How much would he have after 4 years if he leaves it invested at 6% with annual compounding?

Answers

Answer:

$883,74

Explanation:

The amount that would result after 4 years is called the Future Value (FV). this is calculated using Time Value of Money Techniques.

Using a Financial Calculator, this will be calculated as follows :

PV = $700

N = 4

I = 6%

PMT = 0

P/YR = 1

FV = ?

Entering the values as shown gives a Future Value (FV) of $883,74.

Which kinds of employment discrimination are prohibited under one body of law, but are permitted under the other body of law?

Answers

Answer is given below:

Explanation:

Federal law prevents corrosion in many areas, including recruitment, recruitment, jobs, evaluation, promotion, training and compensation. State law often provides protection for additional categories or employers. Federal law or California law provides additional protection from employment discrimination. Federal law makes it illegal to discriminate on the basis of race and color and nationality and origin and religion or gender etc.

You are given the following information:________.
New Empire Small Cap Fund
Total assets $760 million
Total liabilities $ 30 million
Total number of shares 50 million
Calculate the net asset value for the New Empire small-cap mutual fund. (Round your answer to 2 decimal places.)

Answers

Answer: 14.60

Explanation:

The following information are given in the question:

Total assets $760 million

Total liabilities $ 30 million

Total number of shares 50 million

The net asset value will then be calculated as:

= (Assets - Liabilities) / Total number of outstanding shares

= (760 - 30) / 50

= 730 / 5

= 14.60

Which of the following are established by ASC 280 as "enterprisewide disclosure" standards to provide more information about the risks to a company?
I. Information about dominant industry segments.
II. Information about major customers.
III. Information about geographic areas.
A. Both II and III
B. I, II, and III
C. Both I and II
D. Both I and III

Answers

Answer:

A. Both II and III

Explanation:

As the major customers information and the geographic areas information would be created by the ASC 280 as disclosure of enterprise wide standard that provide the information more related to the company risk. Also it is needed to the public entities to disclose the information with respect to the operating segments i.e. reportable in the finished financial statements set

Therefore the correct option is A.

what do customers evaluate when making a purchase

Answers

Explanation:

im not an expert but I think the value and how it looks

Among the actions businesses should take to improve trust in themselves and their brands are: a. All of these are correct. b. conduct advertising campaigns to tell why they should be trusted. c. align their business mission with the social good.

Answers

Answer: All of these are correct

Explanation:

Some of the the actions that businesses should take to improve trust in themselves and their brands are conducting advertising campaigns to tell why they should be trusted and also aligning their business mission with the social good.

Consumers love purchasing a product that they can trust and has a well respected brand. When the people realize that the objectives of the company align with the social good and the brand is socially responsible and looks out for them, such brands will be trusted.

On January 1, Vega Company purchased as an investment a $1,000, 6% bond for $1,000. The bond pays interest on January 1. The bond is sold on July 1 for $1,100 plus accrued interest. Interest has not been accrued since the last interest payment date. What is the entry to record the cash proceeds at the time the bond is sold

Answers

Answer:

Dr Cash, $1,160

Cr Debt Investments $1,000

Cr Gain on sales of Debt Investments 100

Cr Interest Revenue $60

Explanation:

Preparation of the entry to record the cash proceeds at the time the bond is sold

Dr Cash, $1,160

[1,100+(6%*$1,000]

Cr Debt Investments $1,000

Cr Gain on sales of Debt Investments 100

(1,100-1,000)

Cr Interest Revenue $60

(6%*$1,000)

As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the sameIf the marginal propensity to consume is 0.70, then, assuming there are no taxes or imports, the multiplier is: (Note: round to the nearest tenth)Given the multiplier that you calculated, what is the total impact on spending when there is a $1,000 increase in government spending?

Answers

Answer:

(a) As the marginal propensity to consume (MPC) increases, the spending multiplier Increases.

(b) Multiplier is 3.30.

(c) Total impact on spending is $3,300.

Explanation:

(a) As the marginal propensity to consume (MPC) increases, the spending multiplier: Increases, decreases, stays the same.

In economics, the higher the MPC, the higher the spending multiplier.

Therefore, as the marginal propensity to consume (MPC) increases, the spending multiplier Increases.

(b) If the marginal propensity to consume is 0.70, then, assuming there are no taxes or imports, the multiplier is: (Note: round to the nearest tenth).

This can be calculated as follows:

Multiplier = 1 / (1 - MPC) = 1 / (1 - 0.70) = 1 / 0.30 = 3.33333333333333

Rounding to the nearest tenth, we have:

Multiplier = 3.30

(c) Given the multiplier that you calculated, what is the total impact on spending when there is a $1,000 increase in government spending?

Total impact on spending = Increase in government spending * Multiplier = $1,000 * 3.30 = $3,300

The spending multiplier rises as the marginal propensity to consume (MPC) rises. 3.30 is the multiplier. The total financial impact is $3,300.

What is the total impact on spending?

(a) The spending multiplier grows, declines, or remains constant when the marginal propensity to consume (MPC) increases.

The higher the MPC, the higher the spending multiplier in economics.

As a result, the spending multiplier rises as the marginal propensity to consume (MPC) rises.

(b) If the marginal propensity to consume is 0.70, the multiplier is: assuming no taxes or imports (Note: round to the nearest tenth).

Computation:

[tex]\text{Multiplier} = 1 / (1 - MPC) \\= 1 / (1 - 0.70) \\= 1 / 0.30 \\= 3.33333333333333[/tex]

If we round to the nearest tenth, we get: a 3.30 multiplier

(c) Given the multiplier you computed, what is the total impact on spending when government spending is increased by $1,000?

[tex]\text{Total impact on spending = Increase in government spending} \text{ x } \text{Multiplier}\\ = $1,000 \text { x } 3.30 = $3,300[/tex]

For more information about MPC, refer below

https://brainly.com/question/25821146

Consider an asset with a beta of 1.2, a risk-free rate of 4.4%, and a market return of 12.4%. What is the reward to risk ratio?

Answers

Answer: 8%

Explanation:

Reward to risk ratio = (Expected return - Risk free rate) / Beta

Expected return = Risk free rate + Beta * ( Market return - Risk free rate)

= 4.4% + 1.2 * (12.4% - 4.4%)

= 14%

Reward to risk ratio = (14% - 4.4%) / 1.2

= 8%

Answer please? Images provided

Answers

Answer:

An increase in demand

Explanation:

The graph illustrates a shift in demand curves to the right. As a result, the equilibrium price and quantity have increased.

A demand curve will shift to the right due to an increase in demand caused by non-price factors. An increase in demand means that the quantity demanded increases at all the price levels. Factors that may cause an increase in demand include a change in consumer preferences and tastes,  an increase in the price of substitute goods, or a rise in demand for a complement product.

A stock is currently selling for $79 per share. A call option with an exercise price of $83 sells for $3.95 and expires in three months. If the risk-free rate of interest is 2.8 percent per year, compounded continuously, what is the price of a put option with the same exercise price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Answers

Answer: $7.37

Explanation:

The price of a put option with the same exercise price would be calculated as:

C + Xe^-rt = P + S

It should be noted that in the formula above,

P = Put option price

C = price of call option

S = stock price

X = exercise price

r = interest rate

t = time

We then slot in the values which will be:

= 3.95 + 83e^-2.8% × 3/12 = P + 79

P = 3.95 + 83e^-2.8% × 3/12 - 79

P = 3.95 + 82.42 -79

= $7.37

An investment project has the following cash flows:_________.
CF0 = -1,000,000; C01 – C08 = 200,000 each
If the required rate of return is 12%, payback period of this project is:________.

Answers

Answer:

the payback period is 5 years

Explanation:

The computation of the payback period is shown below;

Payback period = initial investment ÷ annual cash flows

= $1,000,000 ÷ $200,000

= 5 years

hence, the payback period is 5 years

We ignored the required rate of return as it is considered in the discounted payback period

We simply applied the above formula so that the correct value could come

And, the same is to be considered

Answer:5 years

Explanation:

A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal revenue of the 16th toy is:_________.A. $12.20.B. $-0.30.C. $7.70 .D. $16.

Answers

Answer:

A monopolist can sell 15 toys per day for $12.50 each. To sell 16 toys per day, the price must be cut to $12.20. The marginal revenue of the 16th toy is:_________.

A. $12.20.

Explanation:

For this monopolist, the marginal revenue is the incremental revenue which it generates from each additional unit of sales.  It can also be expressed as the rate at which total revenue changes from what it was before now.  In this case, the additional revenue that the monopolist will get from selling one additional unit is $12.20.  It is the additional revenue that the monopolist gets for the 16th item.

Assume a company has two divisions, A and B. The company’s overall sales, overall contribution margin ratio, common fixed expenses, and net operating income are $500,000, 48%, $50,000, and $10,000, respectively. Division A has a contribution margin of $180,000. If Division B has traceable fixed expenses of $80,000, then what is Division A’s segment margin? Multiple Choice $80,000 $40,000 $20,000 $60,000

Answers

Answer:

$60,000

Explanation:

total sales A + B = $500,000

variable expenses = $260,000

combined contribution margin = $240,000

contribution margin A = $180,000

contribution margin B = $60,000

combined segment margins = $60,000 (= -$20,000 + $80,000)

segment margin B = -$20,000

segment margin A = $80,000

common fixed expenses = $50,000

net income = $10,000

The margin available after a segment has covered all of its costs is known as segment margin. The segment profit margin is $60,000 per segment. As a result, option (d) or (iv) is the proper response.

How do you compute segment margin?

[tex]\text{total sales A + B} = $500,000\\\text{Variable expenses} = $260,000\\\text{Combined contribution margin} = $240,000\\\text{Contribution margin A} = $180,000\\\text{contribution margin B} = $60,000\\\text{combined segment margins} = $60,000 (= -$20,000 + $80,000)\\\text{segment margin B} = -$20,000\\\text{segment margin A} = $80,000\\\text{common fixed expenses} = $50,000\\\text{net income}= $10,000[/tex]

For more information about margin segments, refer below

https://brainly.com/question/15893794

The __________ Rate is the interest rate the Fed charges banks and thrifts to borrow to meet the reserve requirement.

Answers

Answer:

Federal funds rate

Explanation:

The federal funds rate is the interest rate at which depository institutions (banks and thrifts) lend reserve balances to each other to meet reserve requirements.

Reserve requirements are the amount of funds required by the central bank  that banks should keep as reserves to meet liabilities

the Federal funds rate is currently  maintained at a range of 0% to 0.25%

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