On the income statement, a merchandising company reports the cost of merchandise inventory that had been sold to customers. TRUE OR FALSE

Answers

Answer 1

Answer:

True

Explanation:

The correct answer is - True

Reason -

Cost of goods sold is the inventory cost to the seller of the goods sold to customers. It Expense item with a normal debit balance.

The word expense is not written there but it is an expense item on the income statement as a reduction to Revenue.


Related Questions

A company faces two kinds of risk. An example of a firm-specific risk is the risk that a competitor might enter its market and take some of its customers. An example of a market risk is the risk that the economy might enter a recession, reducing sales. True or False: The company's shareholders would more likely demand a higher return due to the stock's firm-specific risk because it affects only that particular stock.

Answers

Answer:

true

FALSE

Explanation:

Systemic risk are risk that are inherent in the economy. They cannot be diversified away. They are also known as market risk. examples of this risk include recession, inflation, and high interest rates. Investors should seek compensation for systemic risk. Systemic risk is measured by beta. The higher beta is, the higher the systemic risk and the higher the compensation demanded for by investors

Non systemic risk are risks that can be diversified away. they are also called company specific risk. Examples of this type of risk is a manager engaging in fraudulent activities.

Dalia Ramirez Anchondo deposits $ 200 into her savings annuity every paycheck. She gets paid weekly. The credit union will pay Dalia 4% compounded quarterly. What is the future value of Dalia in 4 years.


Help me!!!!

Answers

Answer: $41,418.96‬

Explanation:

There are four quarters in a year and the interest rate is a yearly rate that should be converted to a quarterly rate:

= 4% / 4

= 1%

Delia gets paid $200 a week. There are 12 weeks in a quarter so the quarterly contribution is:

= 200 * 12

= $2,400

The number of quarters she invests is:

= 4 * 4years

= 16 quarters

As this payment is constant, it is an annuity.

Value after 4 years will be:

= Annuity * Future value interest factor of annuity, 1%, 16 periods

= 2,400 * 17.2579

= $41,418.96‬

please help meeeeeeeeeee​

Answers

One benefit of building a good brand image: Customer recognition. Having a strong brand works to build customer recognition. This means when a customer is shopping for a particular product or considering a company to perform a service, they recognize your company in the running. Consumers are far more likely to choose a brand that they recognize over something unfamiliar, even if they don’t know a great deal about your company at the time.

Oracle, a firm that sells commercial ERP and database products, provides Linux for free, selling high-margin Linux support contracts for as much as five hundred thousand dollars. Oracle's motivation for this lies in: Group of answer choices accelerating the shift of open source software towards a proprietary regime. impoverishing other open source developers and furthering its own proprietary offerings. protecting itself from the risks of distributing code while unaware of legal implications. using open source software to fuel sales of hardware. using open source software to wean customers away from competitors.

Answers

Answer: using open source software to wean customers away from competitors.

Explanation:

From the question, we are provided the information that Oracle, a firm that sells commercial ERP and database products, provides Linux for free.

Based on other information given in the question, we can infer that Oracle's motivation for this lies in using open source software to wean customers away from competitors.

Since Linux is being provided free by Oracle, this is a way of moving customers towards the company and away from other competitors.

Granville Transportation, a designer and manufacturer of self-driving buses and streetcars, is working on developing the next generation of electric vehicles. Granville has chosen to focus on a narrow buyer segment of medium-sized cities with populations between 100,000 and 1,000,000, and is outcompeting rivals by manufacturing its vehicles at a lower cost via artificial intelligence-guided robots. Which of the five basic strategic approaches has Granville Transportation decided upon

Answers

Answer:

best-cost provider

Explanation:

The five basic strategic approaches has Granville Transportation decided upon are;

✓Broad low-cost strategy.

✓Best-cost strategy.

✓Broad differentiation strategy.

✓Focused differentiation strategy.

✓Focused low-cost strategy.

Best-cost provider strategy can as well be regarded as 'best-cost strategy', this strategy focused on how to get quality of products increased and reducing costs at the same time, it aims in providing customers with more value.

Gina wants to attend a college with a current tuition of $10,000 a year. She will graduate from high school in two years. Roughly how much will Gina need to save for one-year’s tuition to account for an annual rate of inflation of 2%?

$204.00
$14,00.00
$10,404.00
$20,000.00

Answers

Answer: $14,000(B)

Explanation:

Each year the tuition costs 2% more. She doesn’t start college for another two years so that makes the rate 4% more the 10,000 which is 14,000

Answer:

C

Explanation:

C : $10,404.00 is correct. I got it right on the test. B is wrong.

to insure goods to send them overseas it costs the exporter 5/2% of the value of the goods. if the goods are valued at 16.400$, what will be insurance cost?​

Answers

Answer:

the insurance cost is $410

Explanation:

The computation of the insurance cost is shown below:

Given that

The exporter charged 5 by2% of the value of the goods for insured the goods

And, the goods are valued at $16,400

So the insurance cost is

= $16,400 × 5 ÷ 2%

= $16,400 × 2.5%

= $410

hence, the insurance cost is $410

what motivates a person to start an informal business​

Answers

You have to have confidence in order to start a business

I WILL GIVE BRAINLIES, FIVE STARS AND MY THANFUL THANKS!!!~
Using complete sentences post a detailed response to the following.

Lionel works for an energy company interested in drilling for oil off the coast of a small island. The representative for the local fishing industry, Rochelle, says that locals are vigorously opposed to Lionel’s idea. A town meeting is held. Lionel explains how his company is dedicated to practicing the safest drilling techniques. He explains that oil piped from the ocean’s floor is purer and that it can be harvested in a more efficient way than an oil rig on land. Lionel also emphasizes how much the trucks carrying fish to the markets all over the country would save if local oil was able to be used. Rochelle fires back that in the past, serious accidents with offshore oil drilling have been reported. She points out that if there were a spill, the resulting death of fish would cost the local fisherman their livelihood. Local opinion on the issue is split. Before the town agrees to side with Lionel’s energy company or Rochelle’s local fish industry, officials order a report from a biotechnologist. Everyone agrees to go with what the biotechnologist recommends. Which side do you think the biotechnologist will agree with? Why?

Answers

Answer:

they need more detail because how is his livelihood

Explanation:

Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If total yearly sales to Nolan are 10,000 units, it will grant a rebate of 2.00%. If it sells up to 20,000 units, it will grant a rebate of 4.00%. If it sells up to 30,000 units, it will grant a rebate of 6.00% In the first quarter of the year, Manual sells 11,000 units to Nolan at a sales price of $110,000.00. Manual, based on past experience, has sold over 40,000 units to Nolan per year. Based upon the above information, what amount should Manual record as revenue based upon both the net and gross method? (check figure: gross method sales revenue $107,800.00)

Answers

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400

To get more speed, your driven gear needs to be ________________ the drive gear.


a
larger than
b
smaller than
c
the same size as

Answers

The correct answer is A.
Is larger than the driver it’s a

the directors want to give R500 000 to a local school.Give Two reasons why companies take such decision.​

Answers

Answer:

To make investments that will grow over time and provide education for less fortunate children

To have a good public image so they can get more customers.

John Deere is a manufacturer of agriculture equipment. Deere supplies replacement parts to dealerships across the globe. John Deere has begun utilizing technology so it can identify the geographic location of the parts. This information is available to dealerships and is especially useful in reducing equipment downtime. Agriculture equipment owners can have their machines repaired with replacement parts in a shorter amount of time than before the use of the tracking technology. This is an example of a phenomenon referred to as the _______.

Answers

Answer: Internet of Things

Explanation:

The above scenario explained in the question shows that John is utilizing the Internet of Things.

Internet of Things (IoT) simply refers to the internet-connected objects which can be used to gather data over a wireless network and also transfer them.

The Internet of things is vital in this case as it helps to to have devices that self report in real-time, and improving efficiency.

Ed lives in Merchantville , a state that has a so-called merchant protection statute (or shopkeeper's privilege). One day Ed goes to the grocery store to shoplift some steaks for dinner. The owner of the grocery store catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later. If Ed sues the grocer for the tort of false imprisonment, he will win if he can prove that

Answers

Answer:

the gourmet food that he was fed was poorly prepared

Explanation:

Shopkeeper's priviledge is the law that allows United States shop owners detain people that shoplifted from their shop.

They must have proof that the person did the crime and also are only able to hold him for a reasonable time.

In the given scenario the shop owner catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later.

Ed can win a tort of false imprisonment if the gourmet food that he was fed was poorly prepared.

There must be proper care given while the suspect is being detained. Being fed poorly prepared food means he was detained under conditions that could be detrimental to his health

The law of demand illustrates
A
a direct relationship between price and quantity demanded.
B
an inverse relationship between price and quantity demanded.
ООО
C
a direct relationship between price and demand.
D
an inverse relationship between price and demand.

Answers

Answer: A

Explanation:

A manager who is reactive and works hard to address problems after they occur is known as a . (a) problem seeker (b) problem avoider (c) problem solver (d) problem manager

Answers

Answer:

(c) problem solver

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

Hence, a manager who is reactive and works hard to address problems after they occur is known as a problem solver.

This ultimately implies that, a problem solver proffer solutions to a problem after it has occurred already. Problem solver are reactive rather than being proactive by preventing or mitigating the possibility of a problem arising.

plz,what is memorandum​

Answers

Answer:

A written message in business or diplomacy.

Explanation:

I hope that this helps!! :)))

an informal written record of an agreement that has not yet become official.

A memorandum (abbrev.: memo; from Latin memorandum est, "It must be remembered") is a written message that may be used in a business office. ... In business, a memo is typically used by firms for internal communication, while letters are typically for external communication.

THESE ANSWQERS I AM ASKING RE ALL CORRECT., THESE ARE FOR YOU

The steps in an indirect message include which of these? *
4/4
The buffer

The apology
The Rationale

A good will attempt

The bad news


In an indirect message, the actual bad news should be given in which paragraph? *
1/1
First
Second

Third
Fourth

Make sure your entire message is as negative as possible so you don't give the person receiving the message mixed signals. *
1/1
True
False


When providing reasons for the bad news, which of the following are things you need to consider? *
2/2
What date will you deliver the bad news?
Who is the message intended for?

How severe is the message?

Will giving the bad news cause problems for you?

When giving an explanation for the bad news, which of these are things should you NOT do? *
1/1
Explain company policy
Be as vague as possible

Give the complete explanation before the bad news, don't split it.
Be clear and logical

Severe or life-changing bad news should be given face-to-face. *
1/1
True

False

Which of the following is the best wording to use in a bad news message? *
1/1
We regret that the beds have failed and will be discontinued and recalled but we will not be taking the beds back or replacing the beds.
The beds have been discontinued and recalled but there will be no returns accepted or replacements offered.

Unfortunately, the beds will be discontinued and recalled with no refunds, returns or replacements offered.
The beds have been discontinued and recalled and we are unable to offer refunds, returns or replacements.

Offering a coupon or some other alternative might help cushion bad news for customers and keep good will for the company. *
1/1
True

False

Repeat the bad news in your closing to be sure the message was received. *
1/1
True
False


In giving the bad news, make sure you mention all the impacts to the company. *
1/1
True
False


If there are benefits to the reader/receiver of the bad news message, mestion them but do NOT make any up. *
1/1
True

False

Answers

Answer:

number 1  

The buffer The Rationale, A good will attempt, and the bad news.

Number 2= Second

Number 3= False

Number 4= Who is the message intended for and How severe is the message

Number 5= Be as vague as possible

Number 6= True

Number 7= The Beds have been discounted and recalled but there will be no returns accepted or replacements OFFERED

Number 8= True

Number 9= False

Number 10= False

Number 11=True

Explanation:

A nation that has a comparative advantage in producing a good or service compared to
another nation can produce that good or service with a lower
O Efficiency
O Profit
O Resource cost
O Opportunity cost

Answers

Answer:

Opportunity cost

Explanation:

A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.

So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.

Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.

Thus, lower opportunity cost is the best alternative.

Oriole Company had 302000 shares of common stock issued and outstanding at December 31, 2020. During 2021, no additional common stock was issued. On January 1, 2021, Oriole issued 404000 shares of nonconvertible preferred stock. During 2021, Oriole declared and paid $171000 cash dividends on the common stock and $155000 on the nonconvertible preferred stock. Net income for the year ended December 31, 2021, was $964000. What should be Oriole's 2021 earnings per common share, rounded to the nearest penny

Answers

Answer: $2.68

Explanation:

Oriole's 2021 earnings per common share would be calculated by using the formula:

​​​​= (Net income - preference dividend) / outstanding common stock

= ($964000 - $155000) / 302000

= $809000 / 302000

= $2.68 per common share

what is meant by net operating surplus​

Answers

Answer: See explanation

Explanation:

Net operating surplus is the balance that shows how income is allocated between production factors and the government sector. It measures the yield from the factors of production like the land, the capital and labour in the income account.

It is also referred to as the difference between the gross operating surplus and the capital consumption which is fixed.

development of financial institutions​

Answers

a Development Financial institution (DFi) is defined as “an institution endorsed or supported by Government of india primarily to provide devel- opment/Project finance to one or more sectors or sub-sectors of the econ- omy. ... these DFis are also known as Development banks.

Which of the following statements concerning service guarantees is FALSE? A service guarantee is a mechanism to build customer loyalty. A service guarantee is a way to avoid compensating customers for a service failure. A service guarantee is a tool to clarify exactly what the service must provide. A service guarantee is a way to define a service and ensure satisfactory delivery to the customer.

Answers

Answer:

A service guarantee is a way to avoid compensating customers for a service failure.

Explanation:

Online shopping can be categorized into which of the following types of retailers?
O Brick-and-mortar
O Non-store retailers
O Specialty retailers
O Convenience retailer

Answers

Answer:

O Non-store retailers

Explanation:

Online shopping is the type of shopping where there is no physical shop in which the goods are advertised but rather, the are advertised online using pictures. When a customer makes purchases, the seller would then pick up the purchased goods from his house and send to the buyer through a reliable local or international logistics company. It is non-store due to the fact that, no physical store or office is required before trading can occur.

name both anime characters
WRONG ANSWERS ONLY!!!!!!!!!!

Answers

Answer:

it vegata loll..............

Answer: it’s definitely bakugo

Explanation:

functions of the economic commission for Africa.​

Answers

Answer:

The main functions of the ECA include the study of problems of the economic and social development of the African countries, the promotion of the economic development of the African states, and the strengthening of their economic relations both with one another and with other countries.

The ECA's key responsibilities include researching problems of African countries' economic and social growth, fostering African states' economic development, and improving their economic relations with one another and with other countries.

For more information about this topic, you can always check out: https://encyclopedia2.thefreedictionary.com/Economic+Commission+for+Africa#:~:text=The%20main%20functions%20of%20the,another%20and%20with%20other%20countries.

Hope this helps; have a great day!

How will $9.82 in change be given from a $20.00 bill?

$10 bill__
$5 bill__
$1 bill__
Quarter__
Dime__
Nickel__
Penny__

answer choices for the blanks are 0, 1, 2, 3, 4

Answers

I believe the answer is;
1 $10 bill
1 Dime
1 Nickel
3 Pennies

Answer:

1 $10 bill

1 Dime

1 Nickel

3 Pennies.

Explanation:

look at the picture ​

Answers

Okay, Lets get started.

For number one lets make a company named "Bluberry"

One way we use technology is for creating our websites, Employing people, and to talk to our workers.

2. BlueberryBoss and BerryPIcker

The rest I have no Idea how to help with.

Monica recently got a promotion to a management role with greater scope and responsibility. She wants to be as effective as possible in her new job. Which of the following could help her improve her ability to manage her new subordinates?
A) Updating her résumé as an exercise to reflect on her career path to date and what her next step should be
B) Taking an extension class in how to read a company’s financial statements
C) Reflecting on the effects of her past actions to evaluate how they affected herself and others
D) Understanding that her management style has gotten her a promotion so she should not change anything

Answers

Answer:

C) Reflecting on the effects of her past actions to evaluate how they affected herself and others

Explanation:

A manager can be defined as an individual who is saddled with the responsibility of providing guidance, support, supervision, administrative control, as well as acting as a role model or example to the employees working in an organization by being morally upright.

Generally, managers are typically involved in taking up leadership roles and as such are expected to be build a strong relationship between their employees or subordinates by creating a fair ground for effective communication and sharing of resources and information. Also, they are required to engage their staff members (entire workforce) in the most efficient and effective manner.

In this scenario, Monica recently got a promotion to a management role with greater scope and responsibility. She wants to be as effective as possible in her new job. Thus, what could help her improve her ability to manage her new subordinates is reflecting on the effects of her past actions to evaluate how they affected herself and others.

Generally, having a reflection on past decisions and actions would help anyone in a leadership position to assess or evaluate how they have affected their organization, subordinates and themselves either positively or negatively.

Which statement best describes the circular flow of an economy?

the flow between businesses and resources

the exchange of money, goods, and services in an economy

a circular flow happens only in a resource market

a circular flow happens only in a goods and services market

Answers

Answer:

C

Explanation:

The statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.

According to the economic perspective, circular flow refers to the money flow and the resources i.e. goods and services lies between the people in which there is an exchange of resources that could be done in return for the money.

It involved two types of market i.e. factors and goods and in these two markets,  the resources should be provided in order to receive the monetary value.

The following statements represent the circular flow of an economy:

It does not have a flow between the business and resources.It does not have the flow only in the resource market.It does not have the flow only in the goods and services market.

Therefore we can conclude that the statement "the exchange of money, goods & services in an economy" should represent the best description of the economy's circular flow.

Learn more about the circular flow of the economy here: brainly.com/question/11324259

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Find the value of x.A.55B.25C.35D.10 what does BD equal to? Find the area of the parallelogram 4 cm7 cm[?] cm2 FOR A COUNTRY RESEARCH PROJECT what is the original music of South Korea Christians lunch costs $1.75. He bought lunch 8 days in a row. How much money did Christian spend on lunch? 11 pointA genetic mutation causes a snake to have brown skin. After many generations, most of thesnake population has the brown skin mutation.eWhich of the following most likely caused this change?Snakes with the brown skin mutation are able to survive and reproduce moresuccessfully than snakes without it.The same mutation occurred in other snakes in response to environmental conditions.All the snakes in the area were infected with the mutation.The other snakes changed their colors to mimic the brown snake.21 pointLo tell me which one is your fav, I designed all of them, and tell me which one would look best on a shirt Pls help Ive been looking for hours Assume that you are your friends are starting a small business painting houses in the summertime. You need to buy a software package that handles the financial transactions of the business. Create an alternatives matrix that compares three packaged systems (e.g., Quicken, Microsoft Money, Quickbooks). Which alternative appears to be the best choice THESE ANSWQERS I AM ASKING RE ALL CORRECT., THESE ARE FOR YOUThe steps in an indirect message include which of these? *4/4The bufferThe apologyThe RationaleA good will attemptThe bad newsIn an indirect message, the actual bad news should be given in which paragraph? *1/1FirstSecondThirdFourthMake sure your entire message is as negative as possible so you don't give the person receiving the message mixed signals. *1/1TrueFalseWhen providing reasons for the bad news, which of the following are things you need to consider? *2/2What date will you deliver the bad news?Who is the message intended for?How severe is the message?Will giving the bad news cause problems for you?When giving an explanation for the bad news, which of these are things should you NOT do? *1/1Explain company policyBe as vague as possibleGive the complete explanation before the bad news, don't split it.Be clear and logicalSevere or life-changing bad news should be given face-to-face. *1/1TrueFalseWhich of the following is the best wording to use in a bad news message? *1/1We regret that the beds have failed and will be discontinued and recalled but we will not be taking the beds back or replacing the beds.The beds have been discontinued and recalled but there will be no returns accepted or replacements offered.Unfortunately, the beds will be discontinued and recalled with no refunds, returns or replacements offered.The beds have been discontinued and recalled and we are unable to offer refunds, returns or replacements.Offering a coupon or some other alternative might help cushion bad news for customers and keep good will for the company. *1/1TrueFalseRepeat the bad news in your closing to be sure the message was received. *1/1TrueFalseIn giving the bad news, make sure you mention all the impacts to the company. *1/1TrueFalseIf there are benefits to the reader/receiver of the bad news message, mestion them but do NOT make any up. *1/1TrueFalse I NEED HELP ON THIS!!!!!#1 Find the unit price of each and decide which is the better buy. Hint: money divided by the amount12 lb bag of Pipers pepperoni pieces for $4.9918 lb bag of Noras nummy nuggets for $6.20#2 Write an integer that represents a deposit of $65. \#3 if you answer correctly I will give you 5 stars! Solving each equation: 6(-6x+3)=5(1-7x) The hidden history of secret passages 15) What can you infer about the author's purpose in writing this passage? A) It is to entertain the reader by telling jokes about thesecret passages.B) It is to describe in detail the way different secretpassages were constructed.C) It is to persuade the reader that the North deservedto win the American Civil War.D) It is to inform the reader about the various uses ofsecret passages in different historical settings. cSolve for m:3/4m - 3 = 9May I please have help! The exchange at a post office is 1 =1.17How many euros would you get for 280 Which body of water is directly EAST of Japan? A) East China Sea B Sea of Japan South China Sea D Pacific Ocean ScoresWhich of these best describes the fisherman's reaction to the author's arguments for letting the shark go?A. He feels ashamed for almost killing the shark, and apologizes.B. He tells the author to go away and stop bothering people.C. He warmly congratulates the author for being so brave.D. He resists for awhile, but eventually agrees to let the shark go. The Dalai Lama is appealing to pathos. Which phrasessupport that type of appeal? Check all that apply. Qu objetivos se propuso el gobierno de la Patria Nueva ? Qu sectores sociales se beneficiaron de las polticas aplicadas por el nuevo presidente? look at the picture