Which of the following accounts would the income statement of a merchandise and service company contain?
a. Asset and Liability
b. AR and Inventory
c. Inventory and Unearned Revenue
d. Inventory and COGS
Answer:
It is option d: Inventory and COGS.
Explanation:
Hope it helps
Inventory and Cost of Goods Sold (COGS) would appear in the income statement of a merchandise and service company.
Both the raw materials used in production and the finished commodities that are offered for sale are included in the definition of inventory. One of a company's most valuable assets is its inventory because it is one of the main sources of revenue generation and, consequently, a source of profits for the company's shareholders. There are three different categories of inventory: finished commodities, work-in-progress, and raw materials. On the balance sheet of a company, it is listed as a current asset.
To consign their inventory, several producers work with merchants in partnerships. Inventory held by a customer but owned by the supplier or producer (often a wholesaler) is known as consignment inventory (generally a retailer). Once the inventory has been sold to the final buyer or has been consumed, the customer purchases it (e.g., to produce their own products).
The fact that the client promotes and makes the provider's goods easily accessible to end consumers is advantageous to the supplier. The customer benefits because they wait to spend money until it is lucrative for them. This implies that they only buy it when the customer does, or until they need the inventory for their operations.
What is cost of goods sold?The cost of goods sold is a measure of the "direct cost" involved in producing any goods or services. It is directly related to revenue and includes material costs, direct labor costs, and direct factory overheads. The expenses incurred by the company in producing the products or rendering the services it offers are included in the cost of goods sold. These expenses may include the variable costs related to producing items, such as labor and raw materials.
Additionally, depending on the applicable accounting principles, they may also include fixed costs such as factory overhead, storage charges, and occasionally depreciation expenditure.
It excludes general selling costs like managerial salaries and marketing expenditures.
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You're doing a monthly bank reconciliation and have the following information:
Current book balance: $19,250
Balance per bank statement: $15,000
Outstanding checks: $2,000
Bank fees: $250
Deposits in transit: $6,000
What is the reconciled cash amount?
A) 13,250
B) 17,000
C) 19,000
D) 20,750
E) 21,250
The reconciled cash amount is $19,000.
Bank reconciliation statement:Current book balance $19,250
Less: Bank fee ($250)
Reconciled cash amounts $19,000
Balance per bank statements $15,000
Add:Deposit in transit $6,000
Less:Outstanding Checks ($2,000)
Reconciled Cash Balance $19,000
Therefore we can conclude that The reconciled cash amount is $19,000.
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What is a brand audit?
A. The response of a local focus group
B. A comparison of your business and your competitors' businesses
C. An annual analysis of customer perceptions versus your branding efforts
D. A government assessment
Answer:
C
Explanation:
I'm pretty sure its this?
It takes place annually and is a checkup that evaluates your brand's position in the marketplace, its strengths and weaknesses, and how to strengthen it.
three reasons except politics for the looting of shops,malls and the destruction of business property in Gauteng and KwaZulu Natal
Russell 2000 Index: Introduction The next few questions refer to the following information. Financial planner Minnie Margin has a substantial number of clients who wish to own a mutual fund portfolio that matches, as a whole, the performance of the Russell 2000 index. Her task is to determine what proportion of the portfolio should be invested in each of the five mutual funds listed below so that the portfolio most closely mimics the performance of the Russell 2000 index.
Answer I think b) Use Excel's Solver with "GRG Non-Linear" as the solution algorithm: what is the optimal solution, i.e., what percentages should be invested in each of the five funds?
Explanation:
Briefly explain the weaknesses of the RSA's Industrial Development Zones?
An agile team collects the iteration metrics they have agreed upon during which part of the team retrospective?
As a manager Mo is very caring and concerned about the feelings of his employees. It's important that his employees know that they are valued. Mo tries to have a work culture that is friendly and supportive. As a leader, Mo would score high on:
Business leaders will be more effective if they are first able to prevent
A.Necessary attrition
B.Poor Training
C.Wage increases
D.legal issues
Business leaders will indeed be much more effective if they can prevent B. Poor Training.
Being an effective business leader.Need to be able to strategize effectively.Need to be supported by a good workforce.If the employees are poorly trained , they will lack the requisite skills required to properly back up their leaders. If these leaders can therefore limit this poor training, they would be much more effective.
In conclusion, option B is correct.
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An urban economist wishes to estimate the mean amount of time people spend travelling to work. He obtains a random sample of 60 individuals who are in the labour force and finds that the mean travel time is 30.5 minutes. Assuming that the population standard deviation of travel time is 20.5 minutes, construct and interpret a 90% confidence interval for the mean travel time to work. (Note: the standard deviation is large, because some people work at home and thus travel 0 minutes and some people take transit which results in large travel times).
Answer:
An urban economist wishes to estimate the mean amount of time people spend traveling to work. He obtains a random sample of 50 individuals who are in the labor force and finds that the mean travel time is 24.2 minutes. Assuming the population standard deviation of travel time is 18.5 minutes, construct and interpret a 95% confidence interval for the mean travel time to work. Note: The standard deviation is large because many people work at home (travel time =0 minutes) and many have commutes in excess of 1 hour. (Source: Based on data obtained from the American Community Survey.)
Explanation:
An urban economist wishes to estimate the mean amount of time people spend traveling to work. He obtains a random sample of 50 individuals who are in the labor force and finds that the mean travel time is 24.2 minutes. Assuming the population standard deviation of travel time is 18.5 minutes, construct and interpret a 95% confidence interval for the mean travel time to work. Note: The standard deviation is large because many people work at home (travel time =0 minutes) and many have commutes in excess of 1 hour. (Source: Based on data obtained from the American Community Survey.)
Si se tiene un activo de Q50,000.00 menos un patrimonio de
Q20,000.00, ¿cuál será el pasivo de la empresa?
Answer:
I think this is an English server, loveee! Sorryyyy
Explanation:
Why you should go for SaaS White Label Solutions?
Answer:
Many businesses hesitate to go for SaaS white label solutions because they think they would have less control over the product. However, the advantages of white labeling will outweigh the drawbacks.
Increased Brand CredibilitySave TimeSave MoneyIf you’re planning to start a SaaS company or already have one and want to integrate some tools, a SaaS white label is a good option for you.
Each wholesale bag of flour is sold in 25kg bags. Using this information, calculate a new column of data of that works out how many kilograms in total were sold as retail i.e. visitor sales. in the excel sheet give me whole sale 33 and visitor 120 person also 3 type of flour white 602 Rye 207 Gluten free 204 what is the answer how I calculate the retail kg?
Answer:
I know the answer
Explanation:
A specific dollar amount a plan will pay toward the cost of dental care over a speck period of time is a;
A- Deductible
B- Maximum
C- scheduled of benefits
D- pretermination
Answer: c
Explanation:
critically explain the Adam Smith wealth definition?
The Goods Available for Sale total is __________.
a) $43,000.
b) $11,000.
c) $97,000.
d) $69,000.
Answer:
c 97,000
Explanation:
Cost of goods available for sale equals the beginning value of inventory plus the cost of goods purchased.
A portfolio consists of three index funds: an equity index, a bond index, and an international index. The portfolio manager changes the weights periodically according to forecasts for each sector. This is an example of __________.
Answer: IM pretty sure it is False
Explanation:
In the circular flow diagram, what do households receive from factor markets?
O income
O revenue
O goods and services
O factors of production
Answer:
the first one "income" I think
Income and goods & services are what household received from factor market
A typically circular flow diagram is used to depict the flow of income in an economy in a simple model.
A circular flow diagram contains information about the households, firms, factors of production etc
From the diagram attached below, we will observe that the household received income (wages, salaries) and goods & services from the factor market.
Therefore, in conclusion, the Correct answer is Option A and C.
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Scientific management approach has lost its relevance. How might today's
organization use it?
Why do you think managers have difficulty delegating?
Answer:
syntific mamagement loss it relevance its relevs today it will might today it will not lost revalance
Organism X is a brand new species to science. It lives deep in caves and thrives by absorbing carbon from other organisms. This organism is likely a:__________
a. chemoautotroph
b. photoheterotroph
c. photoautotroph
d. chemoheterotroph
Answer:
d. chemoheterotroph
Explanation:
chemoheterotrophs "are organism deriving energy by ingesting intermediates or building blocks that it is incapable of creating on its own. "
With regard to fiduciary duties in mortgage lending, the borrower is the _____, and the broker is the _____.
Janine is conducting a marketing/sales event in a senior center cafeteria. The cafeteria generally provides a dinner meal from 5pm to 6pm. Can Janine conduct her marketing/sales meeting in the cafeteria between 5pm and 6pm?
The marketing or sales meeting should not be conducted between 5 pm and 6 pm.
Given that,
The meeting is conducted by Janine with respect to the Marketing or sales event.Generally, cafeteria gives the dinner meal between 5 Pm to 6Pm.As per the above information:
Since the dinner meal should be served between 5 Pm to 6 Pm so the meeting should not be conducted as it is the dinner time.Either she should conduct the meeting before the given time or after the given time.Therefore we can conclude that The marketing or sales meeting should not be conducted between 5 pm and 6 pm.
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The first step of writing process is drafting. Describe what needs to be done during this step.
Answer:
Writing is a process that involves at least four distinct steps: prewriting, drafting, revising, and editing. It is known as a recursive process. While you are revising, you might have to return to the prewriting step to develop and expand your ideas.
Andy has been asked to report at a war zone to serve as an officer in the army. Which of the following statements is true in the context of the given situation?
a) Andy's employer can require him to take three weeks of paid vacation while he is deployed.
b) Andy's employer is required by federal law to pay him the difference between his military pay and his civilian pay.
c) Andy's employer is required to give him military leave. But, if Andy has been called for training, he should use his personal vacation days rather than take leave.
d) Andy's employer is not required by law to continue to pay him either in total or in part.
Andy's employer is required by federal law to pay him the difference between his military pay and his civilian pay is true in the context of the given situation. Thus, option B is correct.
What is a report at a war?When requesting permission to speak with your commanding general, typically in her workplace, reporting is the formal approach to make an announcement of your presence.
In basic training, it's likely that you won't have the opportunity to talk with your superior general in her office—assuming you don't get in serious trouble for performing something incredibly. You must instead appear before your training trainer at her desk.
In order to serve as an army officer in a combat zone, Andy has been instructed to report there. It is accurate to say that Andy's employer must reimburse him for the disparity between his pension payments and his normal wage under the circumstances.
Therefore, option B is the correct option.
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For each of the following, identify whether it would be disclosed as an operating, financing, or investing activity on the statement of cash flows under the indirect method.
a. Purchased buildings SelectFinancingInvestingOperatingItem 1
b. Sold Patents SelectFinancingInvestingOperatingItem 2
c. Net income SelectFinancingInvestingOperatingItem 3
d. Issued Common Stock SelectFinancingInvestingOperatingItem 4
e. Paid cash dividends SelectFinancingInvestingOperatingItem 5
f. Depreciation expense SelectFinancingInvestingOperatingItem 6
4.
Which one is NOT an advantage of Entrepreneurship:
ut of 1
Select one:
a. Can choose a business of interest
b. Make a lot of money
c. You will make decisions alone
d. You can be creative
Answer:
C
Explanation:
I chose C because I would like to work with other people.
You will make decisions alone is not an advantage of Entrepreneurship. Hence, option C is correct.
Even completely new sectors that serve as the catalysts for future expansion may be founded by entrepreneurs. Entrepreneurs' innovative goods and services open up new markets and generate riches. Moreover, entrepreneurship-related gains in income might contribute to an increase in the country's GDP.
The ability to take the initiative, adapt to change, come up with original ideas, and feel at ease with risk are just a few of the remarkable qualities that define the entrepreneurial mindset.
The aptitude and preparedness to create, plan, and manage a business enterprise—along with all of its uncertainties—in order to turn a profit is what is meant by entrepreneurship. The creation of new firms is the most visible illustration of entrepreneurship.
Thus, option C is correct.
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Why are marketers putting so much emphasis on developing strong brands?
Explanation:
Beyond just a memorable logo, good branding increases the value of a company, provides employees with direction and motivation, and makes acquiring new customers easier. ... A brand represents the sum of people's perception of a company's customer service, reputation, advertising and logo
Anyone else having this issue with Spotify with your ''following'' artists? I'm following more as I'm scrolling through but it's still at 33 Following. Anyone knows how to fix this issue or is it common? But no, seriously, please let me know if there's a way to fix it. If at all.
Answer:
go to page 5
Explanation:
Everything else held constant, a decrease in the value of the dollar relative to all foreign currencies means that the price of foreign goods purchased by Americans
A) increases
B) decreases.
C) remains unchanged.
D) either increases, decreases, or remains unchanged.
What are the main features of an oligopolistic market?
Answer:
Few firms: ADVERTISEMENTS: ...Interdependence: Firms under oligopoly are interdependent. ...Non-Price Competition: ...Barriers to Entry of Firms: ...Role of Selling Costs: ...Group Behaviour: ...Nature of the Product: ...Indeterminate Demand CurveExplanation:
pls mark brainliest
The main features of an oligopolistic market include:
Few firms control the market High barriers to entryInterdependence of price What are oligopolistic markets like?In an oligopolistic market, you find that there are a few firms who control the market as a whole. This is because there are high barriers to entry which prevent other firms from coming in.
Because these firms in the market are few, they have interdependence in terms of price such that the price charged by one firm, is based on the price charged by the other firms.
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