Business, 05.07.2021 19:20 Miloflippin7339
A merchandiser is a business that sells merchandise, or goods, to customers. There are two main types of inventory accounting systems that are used by merchandisers, periodic and perpetual. Each person choose one transaction and show how it is recorded in a perpetual inventory system.
1. Purchase of $23,800 in merchandise inventory on account with terms 2/15, n/30, FOB shipping point
2. The company pays freight of $50
3. The company returns $5,200 of the merchandise due to damage during shipment.
4. The company paid the amount due less the return and discount (within the discount period).
Answers: 1
Business, 21.06.2019 20:40
Which of the following best explains how the invention of money affected the barter system? a. the invention of money supplemented the barter system by providing a nonperishable medium of exchange b. the invention of money completely replaced the barter system with a free-market system c. the invention of money had no effect on the barter system d. the invention of money drastically reduced the value of goods used in the barter system 2b2t
Answers: 3
Business, 22.06.2019 17:50
Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.
Answers: 1
Business, 22.06.2019 20:00
Harry is 25 years old with a 1.55 rating factor for his auto insurance. if his annual base premium is $1,012, what is his total premium? $1,568.60 $2,530 $1,582.55 $1,842.25
Answers: 1
Business, 22.06.2019 21:30
Which of the following is one of the five fundamental questions? which products will be in scarce supply and which in excess supply? who should appoint the head of the central bank? how much should society save? correct what goods and services will be produced?
Answers: 1
A merchandiser is a business that sells merchandise, or goods, to customers. There are two main type...
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