Business, 17.12.2020 17:20 emilyplays474

Costs included in the Merchandise Inventory account can include all of the following except: . A. Invoice price minus any discount.
B. Transportation-in.
C. Storage.
D. Insurance.
E. Damaged inventory that cannot be sold.

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Answer from: dianactorres

E. Damaged inventory that cannot be sold.

Explanation:

Merchandise inventory includes the invoice price less any discount. It also includes the cost of transporting the goods in and this is usually recorded as Carriage Inwards. Storage is another amount that is included in here as well.

Insurance for the merchandise is a cost of acquisition so this is included in merchandise cost as well. If the inventory is damaged however and cannot be sold, it does not go to the Merchandise inventory account but rather to a loss account.

Answer from: Quest

of the three mortgage options that demarco and tanya have to choose from, the balloon payment mortgage would be their best option, over adjustable payment and fixed payment plans.ultimately, the balloon payment plan would save demarco and tanya overall, in interest, would cost less monthly, and they would only have to make these payments for 8 years, opposing to 30 years for adjustable or fixed payment plans.

overall, demarco and tanya would save $80,811 if they chose balloon payments over fixed payments, and would save $116,711 if they choose balloon payments over adjustable payments. benefits with choosing fixed payments over adjustable payments is that, in the end, the payments will still be $836.30 a month, while with adjustable payments, the initial monthly payments will be $763.38 to $1082.70 a month, ultimately leading to a more costly purchase. benefits with choosing fixed payments over balloon payments are not present. benefits in choosing adjustable payments over is that it has a lower interest rate, and starts with lower monthly payments initially. benefits in choosing adjustable payments over balloon payments include a lower interest rate, and lower initial monthly payments. benefits in choosing balloon payments over fixed payments include lower interest rates, lower overall price, lower monthly payments, takes less time to pay off, and does not require a downpayment. benefits in choosing balloon payments over adjustable payments include, lower monthly payments (when averaged), takes less time to pay off, and lower overall price.

hence, option c, balloon payments, is the best option for demarco and tanya to make this purchase, for it will save them a minimum of $80811, and a maximum of $116,711.

Answer from: Quest

The answer is an output contract

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Costs included in the Merchandise Inventory account can include all of the following except: . A. I...

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