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

explain the role of the board of directors in a public company.provide four points​

Answers

Answer:

A group of people who make decisions that determine the future of a company.

Explanation:

Board of Directors are basically the ones calling all the shots in a company. They decide all the major decisions relating to their business and it could affect every employee and employer of the company. They can decide anything from who gets fired and who stays on their team to new ways to produce the product that they sell.

Hope this helps.

Which of the following activities is not associated with the final stage of production? *

1 point

A. Distribution of goods to final consumers

B. Exchange of goods between buyers and sellers

C. Marketing of goods and services to prospective customers

D. Sourcing of raw materials

E. Warehousing of manufactured​

Answers

Answer:

the answer is sourcing of raw materials

it depends if it is direct or indirect

Is simping okay? i need womans advice

Answers

Answer:

Yes, as long as u know the limits :D.

Explanation:

Answer:

simping is A OK in my book UvU

Explanation:

When the body senses warmer temperatures, what happens to the blood vessels?

Answers

Answer:

When we get too hot, sweat glands in the skin release more sweat. The sweat evaporates, transferring heat energy from the skin to the environment. 

Answer:

Part1:

B.) They become smaller.

Part 2:

A.) they become larger

Explanation:

edge 2021

Which type of manager would most likely be responsible for researching customers' purchasing habits?

A. Operations manager

B. Marketing manager

C. Finance manager

D. Human resources manager

Answers

Answer:

Operations manger i think someone said that

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 type of product would most likely need careful planning and cultural
consideration when marketing it to another country?
A. Movies
B. Soap
C. Tools
D. Steel

Answers

Answer: A. movies

Explanation: when being made, movie makers take in consideration, all ages who could be watching this, what type of people are watching, and what kind of cultures are included in the making of the movie. They don't want to be sued for stereotypes, bias, and or degrading material.

Hope this helps :)

The type of product which would most likely need careful planning and cultural consideration when marketing it to another country is movies. Thus, the correct answer is option A.

What is planning?

The process of considering the activities required to accomplish a particular objective is known as planning. Foresight, the fundamental talent for mental time travel, underpins planning. The evolution of foresight, or the ability to plan ahead, is supposed to have been a driving force in human evolution.

When movies are made, filmmakers consider the ages of those who might watch them, the types of people who might watch them, and the cultures represented in the film. They do not want to be sued for stereotyping, bigotry, or derogatory stuff.

Therefore, a good planning is required before starting a work on a movie taking into consideration all the factors involved with it.

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Which tasks commonly are performed in Maintenance, Installation, and Repair jobs? Check all that apply.

setting up equipment
fixing problems with machinery
estimating a project’s cost
designing equipment
teaching people to use equipment
writing instructions for assembling equipment
purchasing manufacturing equipment

Answers

Answer:

setting up equipment

fixing problems with machinery

estimating a project’s cost

teaching people to use equipment

Explanation:

Answer: The person above me is right but here is the answer in number form: 1,2,3,5

Explanation: edge

Gidgits Galore has been busy during this lesson continuing its expansion plans throughout the United States. After all, everyone must have a gidgit, the "must-have" gadget! Gidgits Galore has opened up stores in ten new states, hired hundreds of new employees, built two additional factories, and started an advertising campaign that has caught the US by storm! Its expansion has been featured in news magazines across the country. But Gidgits Galore has encountered a few problems and needs some advice.

Does the Commerce Clause have an effect on Gidgits Galore?
no
yes

Answers

Answer:

Yes

Explanation:

Edge 2021

Answer:

YES  edge 2023

Explanation:

HURRY IM BEING TIMED
Which of the following sentences uses "your" or "you're" correctly?
A.

Your very late for this class.
B.

You're going to learn how to proofread in this course.
C.

You're textbook is on that table.
D.

Your practicing writing business documents today.

Answers

Answer:

A

Explanation:

Please brainliest me

Q7 Describe your own responsibilities for equality and diversity in the workplace or a place you have previously worked. (2.2)

Answers

Answer:

I have worked in the capacity of HR manager so diversity and equality was most important aspects which need to be considered. Diversity and equality needs to be maintained at work place to keep the employees motivated and they do not feel left out or have sense of injustice.

Explanation:

Diversity and equality is an important aspect in a business. The people at the work place stay motivated if they feel they are paid according to their skills and expertise. There should not be any discrimination based on cast, color, gender, height, weight or any other religious or moral values. All of the staff should be appraised based on their performance. The goal setting should be achievable and every employee should be able to contribute towards the goals of the business.

Why do you think Artificial Intelligence does not work for every face?

Answers

Answer:

Social manipulation and AI bias: So far, AI is still at risk for being biased by the humans that build it. ... As Nick Bostrom explained, “The biggest threat is the longer-term problem introducing something radical that's super intelligent and failing to align it with human values and intentions.Mar 2, 2020

Explanation:

Hope this helps

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

Match the financial institution with its definition.

1. Brokerage Firm

2. Credit Union

3. Bank

a. An organization chartered by either the state where it is headquartered or by the federal government.

b. A non-profit company that is owned by its stockholders and provides checking accounts and other financial services.

c. A business where stocks, bonds or mutual funds are sold. They can be found in your hometown or on the internet.

Answers

Answer:

1. C

2. B

3. A

Explanation:

a. Bank: An organization chartered by either the state where it is headquartered or by the federal government.

A bank is said to be federally chartered when it is appropriately authorized and regulated by the federal government of a country with recourse to statutory laws but not the state government. Some examples of federally chartered banks are Wells Fargo Bank, Bank of England, Swiss National Bank, Citizen National Bank, Bank of Japan, PNC Bank, First National Bank, U.S. Bank, Reserve Bank of Australia, etc.

b. Credit Union: A non-profit company that is owned by its stockholders and provides checking accounts and other financial services.

A credit union can be defined as a non-profit making financial cooperative that is typically controlled by its members (employees, church groups, labour unions etc) and it is saddled with the responsibility of providing financial services like the traditional banks.

Generally, the profit made from the amount of money that is being deposited by the members of a credit union are usually returned to the members as a form of better interest rates. Some examples of credit unions are SchoolsFirst Credit Union, New York University Federal Credit Union, Consumers Credit Union, etc.

c. Brokerage Firm: A business where stocks, bonds or mutual funds are sold. They can be found in your hometown or on the internet.

Define about informal education tutor​

Answers

Answer:

Informal education is a general term for education that can occur outside of a structured curriculum. Informal education encompasses student interests within a curriculum in a regular classroom, but is not limited to that setting. It works through conversation, and the exploration and enlargement of experience.

Explanation:

History of Criminal Law
1. Since the beginning of civilization there have been
to guide appropriate behavior.

Answers

Answer:

Key Takeaways: Criminology

Criminology is the scientific study of crime and criminals.

It involves research to identify the factors that motivate certain persons to commit crimes, the impact of crime on society, the punishment of crime, and the development of ways to prevent it.

People involved in criminology are called criminologists and work in law enforcement, government, private research, and academic settings.

Since its beginnings in the 1800s, criminology has evolved into an ongoing effort to help law enforcement and the criminal justice system respond to the changing societal factors contributing to criminal behavior.

Criminology has helped develop several effective modern crime prevention practices such as community-oriented and predictive policing.

Criminology Definition

Criminology encompasses a wider analysis of criminal behavior, as opposed to the general term crime, which refers to specific acts, such as robbery, and how those acts are punished. Criminology also attempts to account for fluctuations in crime rates due to changes in society and law enforcement practices. Increasingly, criminologists working in law enforcement employ advanced tools of scientific forensics, such as fingerprint study, toxicology, and DNA analysis to detect, prevent, and more often than not, solve crimes.

Modern criminology seeks a deeper understanding of the psychological and sociological influences that make certain people more likely than others to commit crimes.

Deviant Personality Traits

From a psychological perspective, criminologists attempt to explain how deviant personality traits—such as a constant need for the gratification of desires—might trigger criminal behavior. In doing so, they study the processes by which people acquire such traits and how their criminal response to them can be restrained. Often, these processes are attributed to the interaction of genetic predisposition and repeated social experiences.

Many theories of criminology have come from the study of deviant behavioral sociological factors. These theories suggest that criminality is a natural response to certain types of social experiences.

Explanation:

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

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:

Unlike savings accounts, banks expect people to make frequent withdrawals and deposits to checking accounts.

True

False


Answers

I’m pretty sure it’s false!

Answer:

true

Explanation:

Whether to see your charges every withdrawals and deposits you make

1. Which of the following is a dynamic industry covering a wide range of
job roles?
A. Bread and Pastry C. Handicrafts
B. Food and Beverage Service D. Public Director
________ 2. Which is not one of the main goals of Food and Beverage Services?
A. Impart value for money.
B. Promotes the heritage of a country with the use of
indigenous materials and it preserves traditional knowledge and
talents.
C. Provide friendly and welcoming atmosphere.
D. Provide professional, hygienic, and attentive service.
________ 3. Which job titles is similar to Wine maker?
A. Cookbook Author C. Line Chef
B. Food Entrepreneur D. Vineyard Manager
________ 4. Which of the following is NOT the primary duties of Chef?
A. Formulating original recipes
B. Overseeing kitchen management
C. Preparing meals
D. Satisfying patron requests in a timely manner

________ 5. Which career role includes overseeing the entire facility from the
accommodation to food services and be involved in many operations?
A. Baker C. Food and Beverage owner/manager
B. Chef D. Pastry artist
________ 6. Which job title is not similar to Service crew?
A. Bartender C. Front Desk Clerk
B. Culinary Historian D. Housekeeper
________ 7. Which career functions include creating new food and beverage
products, improving food processing methods and performing research for food
manufacturing companies?
A. Clinical Dietician C. Research Chef
B. Food Photographer D. Waiter
________ 8. Which is true about Food and Beverage Services?
A. Contributes a great deal to the profits in hospitality industry
B. Produce things with hands to meet the needs of the people in their
locality without using machines.
C. Refers to the grain-based food industry
D. Transformation of agricultural products into food, or of one form
of food into other forms.

________ 9. Which job title is similar to Food Photographer, Public Relations
Director and Social Media Specialist?
A. Culinary art instructor C. Restaurant Publicist
B. Nutritionist D. Wine Maker
________ 10. Which of the following job titles is included in unique careers?
A. Chef C. Food and Beverage Manager
B. Culinary Arts Instructor D. Service Crew

Answers

2=C because we don't produce beverages and food to welcome friends

When you purchase an item,
what is the type of tax you
pay?
A Property tax
B Excise tax
C Sales tax
D Income tax

Answers

Answer:

it would be C bc they sold something

When prices are ABOVE the equilibrium level,
A
Suppliers produce more than consumers want to purchase.
B
Consumers want to purchase more of the item than is supplied.
C
Suppliers have less incentive to supply as much as is desired.
D
Consumers purchase none of the items supplied.

Answers

Answer: B

Explanation:

what would cause the U.S dollar to depreciate?

Answers

Answer:

Monetary policies, inflation, demand for currency to name some

Explanation:

If you are at a university and someone asks "what's your MAJOR?" this is what they
want to know:
a) the secondary courses you are taking in college just for fun
b) the academic discipline to which you have formally committed so you can earn
an undergraduate degree
c) which credit cards you have maxed out to afford tuition, housing, food and books
d) which political party you will agree to join and promote on your campus

Answers

Answer:

the answer is B

Explanation:

35: Unlike a sole proprietorship, a corporation:
A: avoids the undesirable possibility of double taxation of earnings.
B: does not require the articles of incorporation to set up the company.
C: is considered to be a legal entity that is separate and distinct from its owners.
D: is a voluntary agreement under which two or more people act as co-owners.

Answers

Answer:

C

Explanation:

No matter if an owner dies or quits, the corporation is still withstanding as long as it still has investors

please help
What do you think the best parts of being a veterinarian would be? What about the hardest parts?

Answers

Answer: in my opinion, the best parts would be helping animals get better and see them reach their full potential, the worst would be seeing animals in pain and not being able to help them all.

Explanation:

Barry is a lawyer. He owns 10 apartment buildings that are managed by his brother’s real estate business. At the end of the year, the apartment buildings resulted in a $40,000 loss. Barry earned $80,000 in wages. His wife, Claire, earned $20,000 from her part-time job. Their other income included $5,000 in dividends from their mutual funds. They had no other income. How much of the rental loss can Barry use assuming Barry actively participates in the apartment buildings?

Answers

Answer:

$22,500

Explanation:

Note, the applicable tax law in this case states permits an individual who engages in a rental real estate to use up to $25,000 of net losses from the rental real estate activity to offset other their other income.

Since a rental activity is classified as a passive activity, whether or not the taxpayer participates in such activity, the $25,000 rental loss is reduced by 50% of the amount in the case where  Annual Gross Income (AGI) exceeds $100,000. Consequently, since Barry's AGI is  $105,000 ($80,000 + $20,000 + $5,000), which is greater than $100,000, only the amount exceed $100,000 would be reduced by 50%, which is calculated below:

$105,000 – $100,000 × 50% = $2,500, next subtract amount from Barry's $25,000 ($25000-$2,500) = $22,500.

Waterway Corp. enters into a contract with a customer to build an apartment building for $1,046,900. The customer hopes to rent apartments at the beginning of the school year and provides a performance bonus of $148,500 to be paid if the building is ready for rental beginning August 1, 2018. The bonus is reduced by $49,500 each week that completion is delayed. Waterway commonly includes these completion bonuses in its contracts and, based on prior experience, estimates the following completion outcomes:Completed by ProbabilityAugust 1, 2018 70 %August 8, 2018 20 August 15, 2018 4 After August 15, 2018 6 (a) Determine the transaction price for the contract, assuming Waterway is only able to estimate whether the building can be completed by August 1, 2018, or not (Waterway estimates that there is a 70% chance that the building will be completed by August 1, 2018). (If answer is 0, please enter 0. Do not leave any fields blank.)Transaction Price __________ $(b) Determine the transaction price for the contract, assuming Waterway has limited information with which to develop a reliable estimate of completion by the August 1, 2018, deadline. (If answer is 0, please enter 0. Do not leave any fields blank.)Transaction Price ___________ $

Answers

Answer:

A. $1,195,400

B. $1,172,630

Explanation:

A. Calculation to Determine the transaction price for the contract

Transaction price=$1,046,900+$148,500

Transaction price=$1,195,400

Therefore the transaction price for the contract will be $1,195,400

B . Calculation to determine the transaction price for the contract.

First step is to Calculate the probabilities

August 1, 2018=$148,500*.7

August 1, 2018=$103,950

August 8, 2018=$99,000*.2

($148,500-$49,500)

August 8, 2018=$19,800

August 15, 2018=$49,500*.04

August 15, 2018=$1,980

August 15, 2018=$0*.06

August 15, 2018=0

Now let calculate the Transaction price

Total transaction price =$1,046,900+$103,950+$19,800+$1,980

Total transaction price =$1,172,630

Therefore The Total transaction price will be $1,172,630

Effective decision makers are able to ______.
a.
Predict most or all consequences of actions
b.
Implement plans of action
c.
Identify the resources available to them
d.
List all realistic choices they can make
e.
All of the above

Answers

Answer:

E. All of the above

Explanation:

By using the decision making process, effective decision makers are able to do all of those things.

Competent decision-makers can anticipate the majority of outcomes or all of them. Execute action plans What resources are at their disposal  all the options that are sensible for them. Thus, (E) all of the above is the appropriate response.

What do you know about  implementation plan?

The steps your team should take to complete a common objective or effort are outlined in an implementation plan, a document. An alternative to a strategic plan is implementation planning. The implementation plan is the step-by-step manual for executing the tactics that are outlined in the strategic plan to attain a certain goal.

Before starting the execution phase of a project, your team needs to be able to respond to the who, what, when, how, and why of the endeavor. This is the goal of an implementation plan. Simply said, your strategy becomes a list of particular activities through the action plan.

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You get a part time job through an employment service. The service charges you ten percent of your forst weeks pay as payment for getting the job. tax or no tax

Answers

tax...................

Answer:

No tax

Explanation:

Other Questions
Who would most likely have made the statement that ''the real issue is states rights'' in the mid-1800's? Why? Is b = 5 a solution to the inequality below?b Make x the subject of the formula r=x+y Which of the following statements about Australian football is TRUE?A.The players tend to wear a large amount of padding.B.Goals are scored by kicking the ball through goalposts.C.Each team has a number of set plays for both offense and defense.D.The constant movement of the ball is similar to baseball. When you are asked to write a single paragraph, what should yourparagraph begin with? *O a grabber to get the readers attentionO a thesis or claim that explains what the paragraph will be aboutclear evidence of the facts that will answer the questiona connection to real life which word implies a hazardous situation? A. assuagementB. jeopardyC. profuseness D. prodigality What are trade routes The "splitting apart" of cells is called :options:cell fissions cell division Help meee pleaseee or yull suffer SEVERE consequences...A $0.25B $0.45C $1.35D $2.22 How did periods of isolation followed by contact with other countries affect Japan? Which function could produce the graph shown below?dnesda-4+3+25101520253035 SOMEONE PLS HELP ME WITH THIS QUESTIONS PLS!!!!! Sophie bikes at a speed of s miles per hour. her friend rana is slower, her biking speed is only r miles per hour. Tomorrow both girls are planning to spend 3 hours biking. how much longer will be the sophies route Pls help o have to return this today Can yall help me I'm confused on this What two body systems use the heart as an organ? Identify the constant of proportionality from the table.265 156 188 24C. 2D. 6 Jims soccer team has a record of 12 wins and 8 losses. Which team below has the same rate of wins and losses?a hockey team with 7 wins and 3 lossesa hockey team with 7 wins and 3 lossesa volleyball team with 9 wins and 6 lossesa volleyball team with 9 wins and 6 lossesa hockey team with 10 wins and 5 lossesa hockey team with 10 wins and 5 lossesa basketball team with 18 wins and 14 losses What strategies/ techniques do youuse, for your listenercomprehend the information yougive? That feeling, that happiness When you realize you've fallen for someone, Flowers begin to thrive in your bosom You start to imagine the things You want to do with them But the flowers began to fade When the person, who matches your vibe Didn't listen to the audio with the feeling you sent them That's a terrible feeling ever Cause the things you imagined broke in the blink of an eye For fear of losing you the eyes used to flow like a river At night you don't want to think about them Do not want to conceive the beautiful sceneries with them anymore But this heart, who's gonna explain this to dummy heart That person was never yours and never will be We have to say goodbye to those sweet-sour feelings. Even if you don't want to. " If you see any error please let me know.