what is one primary difference between determining cost of goods sold with a periodic system rather than a perpetual system?

Answers

Answer 1

Answer: With a periodic system, cost of goods sold is calculated only once at the end of the period. In contrast, with a perpetual system, cost of goods sold is recorded each time a sale is made.

Explanation:


Related Questions

What does it mean to short, or sell short a stock

Answers

Answer:

One way to make money on stocks for which the price is falling is called short selling (or going short). Short selling is a fairly simple concept—an investor borrows a stock, sells the stock, and then buys the stock back to return it to the lender. Short sellers are betting that the stock they sell will drop in price.

Explanation:

Hope it helps

What are two ways a consumer may purchase an item on credit other than by hire purchase method?​

Answers

Answer:

A  person using a credit card. He uses the credit card to pay for goods and services, then he repays the credit card company at a future date.

One type of installment closed-end credit is a car loan. The car company offers the consumer credit to buy the car. The credit does not extend beyond the sales price of the car. In addition, the person pays the credit in installments over a period of time instead of paying it back in one lump sum.

Explanation:

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Which questions should Robert ask himself before investing the $10,000 he inherited? Select four options.

How am I protected as an investor?
Are my friends investing in a similar way?
What guarantees are in place so I make money?
What taxes will I have to pay on this investment?
How do the risks compare to the potential gains?
What are the chances that the investment will fail?

(only 4 options)

Answers

Answer:

the answers are 3,4,5,6

What guarantees are in place so I make money?, What taxes will I have to pay on this investment?, How do the risks compare to the potential gains? and What are the chances that the investment will fail? are the questions should Robert ask himself before investing the $10,000 he inherited. Hence, option C, D, E and F are correct.

What is investing?

Investing is the practice of buying assets that increase in value over time and provide returns in the form of income checks or capital gains. Investment can also be used more broadly to refer to spending time or resources to improving your own or others' life.

To invest, you put money into a fund or account with the goal of making a profit. Investing may result in larger returns over time (which may also involve more risk). Because of this, some individuals use investing to fulfill long-term goals like retirement.

Any strategy that generates prospective future income can be referred to as an investment. Purchasing securities like bonds, stocks, or real estate is one example of this.

Thus, option C, D, E and F are correct.

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An article in the New York Times about J.C.​ Penney's pricing strategy under former CEO Ron Johnson​ observes: ​"Penney had pulled up the​ anchor, only to see many of its customers sail​ away." ​Source: Stephanie Clifford and Katherine​ Rampell, "Sometimes We Want Prices to Fool​ Us," New York Times​, April​ 13, 2013. In behavioral​ economics, an​ "anchor" is A. linking the price of one product to another product. B. relating an unknown value or price to another similar known value or price. C. setting the highest possible price for a product. D. setting the lowest possible price for a product.

Answers

Answer:

B. relating an unknown value or price to another similar known value or price.

Explanation:

Anchoring is the term used to describe a phenomenon where individuals after being exposed to a particular figure (in this case a price) tend to subsequently use that figure as a reference point.

Thereby fixing of future prices will be biased towards this figure.

In this instance an anchor was in place and kept the customers loyal. But when Penney pulled up the​ anchor, many of the ccustomerswent away.

The cash price for a stereo system is $900. You choose to buy it on credit and give a $100 down payment, and the balance due is 24 equal payments of $42. Installment Total= $Total of Payments + Down Payment What is the total installment price?

Answers

Answer:

$ 1108 is the total installment price

Explanation:

Cash price for a stereo system = $900

Down payment made to buy stereo on credit = $ 100

Remaining amount after paying down payment = $900 - $100 = $ 800

Installment Total= $Total of Payments + Down Payment

Installment Total= $ 100 + 24 * $42 =$ 1108

The total estimated cost of attending a public two-year college in Hasani’s home town last year was $2,265. The cost of attending the college is expected to increase 5% annually. Hasani plans to enter the college this year and attend for 2 years. Which is the best estimate for the total cost Hasani will pay for only his second year? $2,270.66 $2,275.00 $2,491.50 $2,497.16

Answers

Answer: Hi there! For this question, we will be compounding, because the cost of going of going to college goes up by 5% each year. The formula for compounding is P(1 + r)^t, where P = starting amount, r = rate, and t = time in years. First, let's add 5% (0.05) to 1. 1 + 0.05 is 1.05. We are talking about how much Hasani will have to pay in his second year. We will raise that number to the 2nd power. 1.05^2 is 1.1025. Now, we will multiply that number by2,265 to find the amount. When we multiply both numbers, we get 2,497.1625 or 2,497.16 when rounded to the nearest hundredth. There. Hasani will pay an estimated cost of $2,497.16. The answer is D.

Answer:

D

Explanation:

can someone help with my accounting paper?​

Answers

sure.. where is it? can u show?

Which of the following is the amount a 65-year-old couple retiring this year will need to pay for medical care and
prescription drugs?
$150,000
$200,000
$240,000
$300,000

Answers

Answer:

A healthy 65-year-old couple retiring in this year will need close to $300,000 to cover health-care expenses, including Medicare Parts B and D, according to HealthView Services.

SKATEBOARDERS. WHAT ARE SOME DISADVANTAGES AND ADVANTAGES OF YOUR SKATEBOARD?
What would you change if you could. Just wondering

Answers

How fast I can go lol

Answer:

uh how i fall off sometimes disadvandage and it going right for me advandage

Explanation:

A free trade zone is an area where Group of answer choices black market trade is carried out under government supervision the normal trade laws of a country such as tariffs, bureaucratic requirements, and quotas are eliminated in hopes of stimulating foreign trade and industry ideas are exchanged in an academic setting to increase the academic activity of the country large open markets are set up in poor countries for the exchange of international currencies people bring agricultural products for trade and barter

Answers

Answer:

the normal trade laws of a country such as tariffs, bureaucratic requirements, and quotas are eliminated in hopes of stimulating foreign trade and industry

Explanation:

A free trade zone area is an area where goods are imported or exported without being subjected to the normal trade laws such as tariffs, bureaucratic requirements, and quotas are eliminated in hopes of stimulating foreign trade and industry.

the aim of a free trade zone is to increase and stimulate foreign trade

Advantages of a free trade zone area

1. it increases efficiency

2. it encourages competition. As a result of not restricting import, domestic product have to compete with foreign goods

3. it allows countries to specialise in the production of goods for which they have a comparative advantage

You drink 19 beers to celebrate the end of your risk management and insurance class, then have an accident while driving home from the bar. The police charge you with drunk driving, and with hitting another automobile from behind. What will your automobile insurer do when you file a claim for the damage to your car, and, what will it do when the injured people in the other car file claims to have their bodily injuries paid for

Answers

Answer: The insurer will pay for claims that was insured for or that which the insurance package covers.

Explanation:

Insurance could be described simply as a cover for damages done either in the present or future to be able to curb losses. Insurance companies offer various packages or insurance covers to the client, ranging from house, to cars and other various insurance cover. The insurance company will pay the claim for the accidents but this would be based on the particular claim that was insured for because the Insurance company won't pay for claim that wasn't insured, it would be a loss on their side

Why is opening a franchise often considered lower risk for an entrepreneur than setting up a new business?Please help me will give brainliest!

Answers

Answer:

The opportunity to grow under a famous brand and enjoy the advantages of a larger group of business owners

Explanation:

Opening a franchise is often considered a lower risk for an entrepreneur than setting up a new business because of "The opportunity to grow under a famous brand and enjoy the advantages of a larger group of business owners."

Other benefits to derived include:

1. There is operational support from the franchisor during the lifetime of the business arrangement, which may cover finances, training, accounting, etc.

2. The franchisee's management abilities can be enhanced without extra cost

3. Transactions established on proven and famous brands.

Hi, I'm Rashid. I served in the Peace Corps as an Information and Communication Technology Volunteer in the southern African nation of Namibia.

Namibia is a big country geographically, but in terms of population, it's very, very small. To put it in perspective, it has about one-fifth as many people as New Jersey, but it's 40 times larger. And, unlike New Jersey, it's very dry, and there are a lot of goats—a lot of goats.

One day, I was sitting in my house, in Namibia, reading a U.S. newspaper on my cell phone.

Oh, I should backtrack for a minute here. Yes, Africa has cell phones. In fact, every Peace Corps volunteer in Namibia has a cell phone, as well as every adult Namibian I knew, and most teenagers. Cell phone coverage reaches every major town in Namibia, and most of the minor ones, as well—even small villages.

And this isn't only Namibia. Cell phones are everywhere in Africa and even though one in four Africans has a cell phone, you rarely see anyone talking on them—you see, it's simply too expensive. Instead, everyone is text messaging. Text messaging, you see, is very cheap. For $10 U.S. dollars you can walk into a shop in Namibia, and walk out with a cell phone—not a very nice one, mind you, but a fully functional one—that has enough prepaid credit to send 100 text messages a day for three months.

–“A Story of a Peace Corps Volunteer in Namibia,”
Rashid Khan

Which key sentence from the passage identifies this text as a primary source?

A. “I served in the Peace Corps as an Information and Communication Technology Volunteer in the southern African nation of Namibia.”
B. “In fact, every Peace Corps volunteer in Namibia has a cell phone, as well as every adult Namibian I knew, and most teenagers.”
C. “Cell phone coverage reaches every major town in Namibia, and most of the minor ones, as well—even small villages.”
D. “For $10 U.S. dollars you can walk into a shop in Namibia, and walk out with a cell phone—not a very nice one, mind you, but a fully functional.”

Answers

Answer:

the correct answer is “I served in the Peace Corps as an Information and Communication Technology Volunteer in the southern African nation of Namibia.”

Explanation:

I took that quiz

The  key sentence from the passage that identifies this text as a primary source is “I served in the Peace Corps as an Information and Communication Technology Volunteer in the southern African nation of Namibia.”Thus the correct option is A.

What is Primary Source?

A primary source is referred to as the source from where the information obtained is first-hand or original. These sources have a direct connection with any event that took place important role in information.

The information given in the primary source is based on someone's real-life experience or someone who has faced the occurrence from very close so that they can provide accurate information about It.

The significance of primary sources is they are accurate and considered reliable and credible for any research as it closely associated with any event.

In option A, the pronoun used as "I" which is indicating that someone is sharing a life incident or information that is actually connected to him which is a trait of a primary source.

Therefore, option A is appropriate.

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14 Select the correct answer. Which marketing strategy is the most effective in the modern era? O A relationship marketing B. marketing mix OC. relationship marketing combined with the marketing mix D. considering the short-term Interests of society E. customer service Reset Next​

Answers

Answer:

the modern era? A. relationship marketing B. marketing mix C. relationship … ... mix. D. considering the short-term interests of society. E. customer service. 2.

To determine what the customers of a clothing store think about the variety of clothing sold in the store, a manager hands out a survey to 100 teenagers chosen at random who visited the store.
Which of the following could affect the outcome of the survey?
A. The survey is biased because the manager did not give the survey to teenagers at other stores.
B. The results could be flawed because the sample population was too large.
C. The results could be flawed because the sample is not a good representation of the store's customers.
D. The results could be flawed because the teenagers were randomly chosen

Answers

Answer:

C. The results could be flawed because the sample is not a good representation of the store's customers.

Explanation:

I just took the quiz, I hope this helps (:

The results could be flawed because the sample is not a good representation of the store's customers because it onlu says only  a manager hands out a survey to 100 teenagers chosen at random who visited the store.

What do you mean by Sample?

A sample is an unbiased visual value taken from humans. In simple terms, a population is the total number of observations (i.e., people, animals, objects, data, etc.) contained in a particular group or context.

Thus, Option C is the correct statement that is The results could be flawed because the sample is not a good representation of the store's customers.

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Which method of payment actually is a form of borrowing money that
needs to be paid back later?*
5 points
O a. Cash
b. Credit Card
O c. Debit Card
O d. Check

Answers

Answer:

B. Credit Card

Explanation:

hope this helped

The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system for this product for last year appear below: Sales $ 942,000 Variable expenses $ 415,000 Fixed manufacturing expenses $ 356,000 Fixed selling and administrative expenses $ 263,000 All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $217,000 of the fixed manufacturing expenses and $128,000 of the fixed selling and administrative expenses are avoidable if product D74F is discontinued. What would be the financial advantage (disadvantage) from dropping product D74F

Answers

Answer:

Financial disadvantage from dropping = $(182,000)

Explanation:

A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.

In a shut down decision , the following relevant cash flows should be considered:

1. Lost contribution from the product to be shut down

2. Savings in fixed directly attributable to the product under consideration.

So, we will apply these principles as follows:

Lost contribution from the product to be shut down:

(942,000-415,000)                                                                 (527,000)

Savings from fixed direct fixed cost:

(217,000+128,000)                                                                  345,000

Net loss contribution                                                              (182,000)      

Financial disadvantage from dropping = $(182,000)                                                  

During the forming stage team members meet one another and determine team goals. False True

Answers

Answer:

True

Explanation:

1. Kwan's annual premium is $1,284.00. He has the choice of paying semi-annually for a $1.00 fee or quarterly for a $2.00 fee. What is his quarterly payment? Is it twice the amount ?

Answers

I’m not sure but I’ll try to solve it right now for you so just give me some time

A women sells a bead bracelet she made. She sold it to her sister.

Answers

Answer:

Is that the question????

Explanation:

If your asking a question a can you put the whole question.

Something that's sold has been exchanged for money. When new neighbors buy the house across the street, you'll see a sign appear in its front yard that says "Sold."

What is the meaning of Money?

Money is a good that is widely acknowledged as a means of economic exchange. It serves as the medium for expressing values and pricing. It is the primary indicator of wealth since it moves from individual to individual and from country to country, allowing trade.

Any tangible object or verifiable record that's also commonly accepted as payment for products and services as well as the repayment of debts, including such taxes, in a specific nation or socioeconomic setting is referred to as money.

Money is a centralized, widely used, acknowledged form of exchange that makes it easier to exchange goods and services. In an economy, money serves as a medium of trade for a variety of products and services. Governments and nations have different monetary systems.

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. To reduce the effects of headlights glare at night you should look:
a. straight ahead
b. over your shoulder
C. at the center of the road
d. to the right edge of the road ​

Answers

Answer d

Explanation Aceable

Answer:

look to the right

Explanation:

**ECONOMY**

Taxation that allows higher-income people to pay less of their income on taxes than lower-income people is called:

A. regressive taxation
B. progressive taxation
C. proportional taxation
D. indirect taxation

Answers

Answer:a

Explanation:

Do BLACK LIVES MATTER??????!!!!!!!!!!

Answers

Answer:

OF COURSE THEY DO Y DONT PPL SAY ALL LIVES MATTER

Answer: YES .

Explanation:

Lyon Company had the following transactions: Apr. 8 Issued a $6,000, 60-day, six percent note payable in payment of an account with Bennett Company. May 15 Borrowed $40,000 from Lincoln Bank, signing a 60-day note at nine percent. Jun. 7 Paid Bennett Company the principal and interest due on the April 8 note payable. Jul. 6 Purchased $14,000 of merchandise from Bolton Company; signed a 90-day note with ten percent interest. Jul. 14 Paid the May 15 note due Lincoln Bank. Oct. 2 Borrowed $30,000 from Lincoln Bank, signing a 120-day note at nine percent. Oct. 4 Defaulted on the note payable to Bolton Company. Required a. Record these transactions in general journal form. b. Record any adjusting entries for interest in general journal form. Lyon Company has a December 31 year-end. Round answers to nearest dollar. Use 360 days for interest calculations.

Answers

Answer:

Lyon Company

General Journal with adjusting entries for interest expense:

Date         Account Titles                 Debit             Credit

Apr. 8       Accounts payable

                (Bennett Company)      $6,000

                6% Note payable  (Bennett Company) $6,000

To record the issuance of a 60-day note at 6% interest.

May 15      Cash                         $40,000

                 9% Note payable (Lincoln Bank)      $40,000

To record the issuance of a 60-day note at nine percent.

Jun. 7        6% Note payable

                 (Bennett Company) $6,000

                 Interest expense           $60

                 Cash                                                   $6,060

Jul. 6         Inventory                $14,000

                 10% Note payable (Bolton Company) $14,000

To record the purchase of inventory by issuing a 90-day note.

Jul. 14       9% Note payable

                 (Lincoln Bank)     $40,000

                 Interest expense     $600

                 Cash                                                  $40,600

To record the full settlement of the note with interest.

Oct. 2        Cash                 $30,000

                 9% Note payable (Lincoln Bank)     $30,000

To record the issuance of a 120-day note at 9% interest.

Oct. 4 10% Note payable

                 (Bolton Company) $14,000

                 Interest expense       $350

                 Accounts payable (Bolton Company) $14,350

To record the default on payment of the note payable.

Explanation:

a) Data and  Analysis:

Apr. 8 Accounts payable (Bennett Company) $6,000 6% Note payable  (Bennett Company) $6,000 60-day

May 15 Cash $40,000 9% Note payable (Lincoln Bank) $40,000 a 60-day note at nine percent.

Jun. 7 6% Note payable  (Bennett Company) $6,000 Interest expense $60 Cash $6,060

Jul. 6 Inventory $14,000 10% Note payable (Bolton Company) $14,000 a 90-day note

Jul. 14 9% Note payable (Lincoln Bank) $40,000 Interest expense $600 Cash $40,600

Oct. 2 Cash $30,000 9% Note payable (Lincoln Bank) $30,000

a 120-day note

Oct. 4 10% Note payable (Bolton Company) $14,000 Interest expense $350 Accounts payable (Bolton Company) $14,350

Does anyone think im attractive just wanna know lol

Answers

Answer:

yes

Explanation:

Answer: yep you are!

Explanation:

who needs help with your work? if you need help just tell me in the thang blow.

Answers

Answer:

Not me.

Explanation:

Have a nice day.

Rick works off commission. He earns 10 percent of all manufacturing equipment he sells. If he made a sale of $9,000, how much was his commission?

$100
$90
$900
$9,000

Answers

Answer:

C. $900

Explanation:

Divide your 9000 by 10 and theres your answer 900

how come ethics impact on psychology

Answers

Answer:

Ethical implications are the impact in which psychological research could have on the rights of individuals. This could be how the research affects public policy or the way in which certain groups are viewed or treated.

Explanation:

Discuss intellectual property frankly.

Be conscious of multiple roles.

Follow informed-consent rules.

Respect confidentiality and privacy.

Tap into ethics resources

The equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and higher than in perfectly competitive markets. lower than in monopoly markets and higher than in perfectly competitive markets. higher than in monopoly markets and lower than in perfectly competitive markets. lower than in monopoly markets and lower than in perfectly competitive markets.

Answers

Answer:

higher than in monopoly markets and lower than in perfectly competitive markets.

Explanation:

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

The characteristics of an oligopolistic market structure are;

I. Mutual interdependence between the firms.

II. Market control by many small firms.

III. Difficult entry to new firms.

An equilibrium quantity can be defined as a situation in which there are no surplus or shortage of finished goods in the market.

This ultimately implies that, there is an intersection between demand and supply i.e the amount of goods and services that the consumers are willing to buy is equal to the amount of goods and services that the producers are able and willing to supply at a specific period of time.

Hence, the equilibrium quantity in markets characterized by oligopoly is higher than in monopoly markets and lower than in perfectly competitive markets.

A monopoly is a market structure which is typically characterized by a single-seller who sells a unique product in the market by dominance. This ultimately implies that, it is a market structure wherein the seller has no competitor because he is solely responsible for the sale of unique products without close substitutes.

In a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

2. Which of the following is an example of an operative employee? A. Regional manager B. Head coach C. Chairman of the board D. Assembly line worker C​

Answers

D. Assembly line worker

An example of an operative employee is an assembly line worker.

The following information should be relevant:

Operating employees are those employees who generate the products & services directly for an organization.Also, it does not supervise the work of others. So, the option a, b, and c are incorrect.

Therefore we can conclude that an example of an operative employee is an assembly line worker.

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