Answer:
Explanation:
The Saks company is closing down many of its stores due to the impact of the COVID-19 pandemic. The pandemic has caused a decrease in consumer spending, resulting in a decrease in sales for the company. Additionally, the company has had to make difficult decisions to reduce costs and focus on its digital presence.
After the adjusting entries have been completed, the adjusted balance in the Deferred Revenue __________
After the adjusting entries have been completed, the adjusted balance in the Deferred Revenue account represents: the amount of the sales or services still owed to the customer.
What do you mean by Deferred Revenue account?Deferred revenue is a liability account on a company's balance sheet that represents money received ahead of time for goods or services that have yet to be delivered or performed. It is also known as unearned revenue or deferred income. It occurs when a business receives payment from a customer but has yet to earn revenue by providing goods or services. The company owes the customer a performance obligation, and revenue cannot be recognised as earned until that obligation is met. The amt of deferred revenue is reduced as goods or services are provided, and the revenue is recognised as earned in the financial statements.
To know more about Adjusting entries Visit:
brainly.com/question/28867174
#SPJ4
what determines how much an annuitant is paid for a variable annuity
The amount an annuitant is paid for a variable annuity is determined by the performance of the underlying investments chosen by the annuitant. If the investments perform well, the annuitant will receive higher payments. If the investments perform poorly, the annuitant will receive lower payments.
Therefore, the performance of he underlying investments is the key factor that determines how much an annuitant is paid for a variable annuity. When the annuitant chooses to annuitize the contract, the insurance company will use a formula to calculate the payout amount based on the contract terms and the value of the account. The payout may be a fixed amount or may be variable based on the performance of the investments. Some of the factors the may affect the payout amount include the annuitant's age, the length of the payout period, the amount of the premium payments, the investment options selected, and any guarantees or riders included in the contract. It's important to note that variable annuities are complex financial products and may not be suitable for all investors. Before investing in a variable annuity, it's important to fully understand the features and costs of the product, as well as the potential risks and benefits.
Read more about variable here:https://brainly.com/question/28248724
#SPJ11
margarita's interest and gains on investments for the current year are as follows: interest on madison county school bonds $600 interest on u.s. government bonds 700 interest on a federal income tax refund 200 gain on the sale of madison county school bonds 500 margarita must report gross income in the amount of:
Gross income is the amount of money that is generated on a paycheck before taxes and other deductions are made.
What is Gross Income ?It includes all earnings from all sources, such as salaries, rental revenue, interest income, and dividends. For instance, if a person receives $300,000 in compensation for providing consulting services, that sum represents the person's gross income.
The interest on the US government bonds, the interest on the federal income tax refund, and the gain from the sale of Madison Company School Bonds will all be added up to the total gross income that Heather is required to report. As follows:
= $700 + $200 + $500
= $1400
Hence option D is correct
Learn more about Gross income here
https://brainly.com/question/23537450
#SPJ1
The question was incomplete the options are as follow
a. $2,000.
b. $1,300.
c. $1,800.
d. $1,400.
e. None of these choices are correct.
the adjusted basis of jody's partnership interest was $50,000 immediately before jody received a current distribution of $20,000 cash and property with an adjusted basis to the partnership of $40,000 and a fair market value of $35,000. what is jody's basis in the distributed property?
Jody's basis in the distributed property is $31,820.
To determine Jody's basis in the distributed property, we need to calculate the amount of the distribution that is attributed to the property and then adjust the basis of that property accordingly. Here's how to do it:
Determine the total amount of the distribution:
$20,000 (cash) + $35,000 (fair market value of property) = $55,000
Calculate the percentage of the distribution that is attributed to the property:
$35,000 (fair market value of property) / $55,000 (total distribution) = 0.6364 (rounded to four decimal places)
Apply the percentage to the total adjusted basis of the partnership interest to determine the basis of the distributed property:
$50,000 (adjusted basis of partnership interest) x 0.6364 (percentage attributed to property) = $31,820 (rounded to the nearest dollar)
Therefore, Jody's basis in the distributed property is $31,820.
Learn more about distribution here https://brainly.com/question/29062095
#SPJ4
the total cost of lovenox 40mg at joe's pharmacy is $3000 for 24 injections. if the pharmacy sells products at awp 20% markup $5 dispensing fee, what is average wholesale price (awp) of one injection?
Lovenox 40mg costs $3000 for 24 shots at Joe's Pharmacy. If the pharmacy charges a 20% markup on products, there is a $5 dispensing fee. Therefore, the average wholesale price (AWP) of one injection of Lovenox 40mg is $100.
To calculate the average wholesale price (AWP) of one injection of Lovenox 40mg,
we can start by subtracting the dispensing fee and the markup from the total cost of 24 injections:
Total cost = $3000
Markup = 20% of AWP
Dispensing fee = $5 per injection
So, the cost of the drug without the dispensing fee is:
$3000 - ($5 x 24) = $2880
To find the cost per injection,
we divide this by the number of injections:
$2880 ÷ 24 = $120
Now we can solve for the AWP by dividing the cost per injection by 1 plus the markup percentage:
AWP = Cost per injection ÷ (1 + Markup percentage)
AWP = $120 ÷ (1 + 0.20)
AWP = $100
For such more question on products
https://brainly.com/question/25922327
#SPJ4
laverne and shirley are moving and are no longer going to be roommates. they need to divide the dining room furniture set they purchased together. using the method of sealed bids, laverne bids $2,264 and shirley bids $1,224 for the set. since laverne's bid is higher, she gets the furniture. how much will she have to pay shirley in order to keep the division fair?
Laverne will have to pay Shirley $1,020 in order to keep the division fair.
What is the fair?A fair is an event where people come together to buy and sell goods, products, and services. It is a gathering of people with similar interests and goals. Fairs are often held on a regular basis and attract people from a wide area. Products and services sold at a fair can include food, clothing, and crafts. Some fairs may also have rides, carnival games, and other forms of entertainment. Fairs are usually held outdoors and typically last for several days. They are a great way for individuals and businesses to get together, network, and make money.
To learn more about fair
https://brainly.com/question/2514838
#SPJ1
in organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as .multiple choice question.
In organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as Qualification criteria. So the option D is correct.
Qualification criteria are the criteria used by an organization to evaluate potential suppliers and their products. They are based on objective attributes of the supplier and its products, such as price, quality, reliability, delivery, and customer service.
Qualification criteria can also include other factors, such as the supplier’s financial stability, its track record, and its ability to provide innovative solutions. Organizations use qualification criteria to identify and select the best supplier for their needs.
To learn more about Qualification criteria link is here
brainly.com/question/14484978
#SPJ4
The complete question is:
In organizational buying, objective attributes of a supplier's products and the capabilities of the supplier itself are known as .multiple choice question.
A. Tangible attributes
B. Intangible attributes
C. Qualitative attributes
D. Qualification criteria
sidewinder, inc., has sales of $516,824, costs of $337,619, depreciation expense of $73,095, interest expense of $31,883, and a tax rate of 21 percent. the firm paid out $39,272 in cash dividends. what is the addition to retained earnings?
$516,824, costs of $337,619, depreciation expense of $73,095, interest expense of $31,883, and a tax rate of 21 percent. the firm paid out $39,272 in cash dividends, the addition to retained earnings is $39071.
The formula for calculating the retained earnings = Net tncome-dividends = sales-costs- depreciation-interest-taxes= 516824-337619-73095-31883-(21%x516824)=78343 = 78343-39272=39071.The addition to retained earnings is the amount of money that a company adds to its reserves from profits generated from its current operations.
This amount is calculated by subtracting the cash dividends paid out from the net income of a company. In this case, the firm had sales of $516,824, costs of $337,619, depreciation expense of $73095, interest expense of $31883, and a tax rate of 21%.
After calculating the net income of the company, the cash dividends paid out were then subtracted from it to arrive at the addition to retained earnings, which in this case is $39,071.this amount is used to reinvest in the business to help the company grow and prosper in the future.
To know more about net income refer to the link brainly.com/question/15570931
#SPJ4
as a manager at a bank how would you interpret this information a. industry regulation b. public communications c. public boycott d. media advocacy
As a manager at a bank I would you interpret this information as-
1. Industry regulation - These ae the rules which directly impact the industry in which person is associated with in this case banking industry so it is important to check that bank is in compliance with all the legal and financial regulations.
2. Public communication - As a bank manager it is important to ensure that all the information which bank gives must be truthful whether it is propagated through advertisement or social media. It is also important to takes all the concern of customers of bank.
3. Public boycott - This situation arises when customers or group of shareholders boycott the bank, then as a manager it become very important to listen their demand and suggestions.
4. Media advocacy - Media is important factor in banking industry. It is paramount for manager to maintain a good image of bank in eyes of media to refrain bank from bad image in public.
To know more about Banking industry -
/brainly.com/question/18572960
#SPJ4
which best describes what the law of comparative advantage means for trading nations? each trading nation can benefit by exporting goods that
That have a lower opportunity cost to produce and importing goods that have a higher opportunity cost to produce.
The law of comparative advantage is an economic principle that suggests that countries should specialize in producing and exporting goods and services in which they have a lower opportunity cost of production, and import goods and services in which they have a higher opportunity cost of production. Opportunity cost is the value of the next best alternative foregone when making a choice. In the context of international trade, it means the cost of producing a good in terms of the production of another good that could have been produced instead. The idea is that every country has different unemployment rate resources, skills, and technology, which means that each country can produce certain goods more efficiently than others.
learn more about unemployment rate here
https://brainly.com/question/14283286
#SPJ4
The duty of business to contribute to the well-being of society is called: ________
The duty of business to contribute to the well-being of society is called corporate social responsibility
A business concept called "corporate social responsibility" pushes companies to act in ways that help society and the environment rather than damage them. CSR helps to improve a lot of societal aspects as well as firms' reputations. Corporate responsibility programmes are a great method to raise morale at work. CSR is crucial for a business's reputation, ability to attract customers, employees, and investors, as well as for keeping top talent on board and attaining overall economic success. Volunteering, charitable work, ethical workplace practises, and environmental projects are the four different CSR initiatives that a firm may undertake.
To learn more about corporate social responsibility refer here:
https://brainly.com/question/13528806
#SPJ4
true or false: norman daniels argues that fair equality of opportunity requires opportunity to be equal for all persons and a leveling of individual differences?
True, norman daniels argues that fair equality of opportunity requires opportunity to be equal for all persons and a leveling of individual differences.
Fair opportunity standards are associated with the concept of a society free from unjustified discrimination. The connection between fair equality of opportunity and this is loose. When this criterion is satisfied, Rawls permits departures from his fair equality of opportunity rule. The argument that upholding equal opportunity principles could limit the chances available to the least fortunate in this regard could lead to a wider rejection of the principles. Fair Equality of Opportunity (FEO) calls for social positions, like jobs, to be formally open and distributed on the basis of merit, but it also mandates that every person have an equal opportunity to obtain these positions. The most well-known interpretation of FEO was created by John Rawls.
To know more about opportunity refer :
brainly.com/question/13334486
#SPJ4
The perceived demand for a monopolistic competitor a. a. is flat b. is steep. c. disregards competitors. d. takes competitors into account.
The perceived demand for a monopolistic competitor takes competitors into account. The correct option is d.
What is the demand curve in monopolistic competition?In the case of monopolistic competition, demand is more elastic because competition is greater, i.e. products have more substitutes. As a result, the demand curve has flattened.
A monopolistic competitive market's demand curve slopes downward. This means that as the price of a good falls, so does the quantity demanded it. While this may appear to be a simple matter, the shape of the demand curve has several important implications for firms operating in a monopolistic competitive market.
Thus, the ideal selection is option d.
Learn more about the monopolistic competition here:
https://brainly.com/question/29617378
#SPJ1
in 1990 approximately people were killed each year due to crashes as compared to approximately in recent years. a) 600; 200 b) 2,000; 1,500 c) 45,000; 30,000 d) 100,000; 300,000
According to data from the National Highway Traffic Safety Administration (NHTSA), the number of annual crash fatalities in the United States has significantly decreased in recent years.
In 1990, the number of annual crash fatalities was approximately 100,000. This number has decreased over time as a result of improvements in vehicle safety, increased use of seat belts, and other safety measures. In recent years, the number of annual crash fatalities in the United States has been approximately 35,000 to 40,000. While this is still a significant number of fatalities, it represents a substantial improvement from the 1990s. The decrease in crash fatalities can be attributed to a number of factors, including advancements in vehicle safety technology, increased awareness of the importance of seat belt use, and improvements in road design and infrastructure. For example, the widespread adoption of airbags, anti-lock braking systems, and electronic stability control has helped to reduce the severity of crashes and prevent fatalities. Additionally, campaigns to promote seat belt use and discourage distracted driving have raised awareness of the importance of safe driving practices. Despite the decrease in crash fatalities, crashes still have a significant impact on society. In addition to the loss of life, crashes can result in serious injuries, property damage, and economic costs. According to the Centers for Disease Control and Prevention (CDC), the annual cost of motor vehicle crashes in the United States is more than $75 billion. As a result, efforts to improve road safety and reduce crashes remain a key priority for policymakers and safety advocates. Strategies to reduce crashes include increasing the use of automated safety technologies, improving road infrastructure, and promoting safe driving behaviors through education and awareness campaigns.
To know more about vehicle safety:
https://brainly.com/question/2567373
#SPJ4
All of the following are included in the decision-making metric except:_____.
a. the admired observer test.
b. the legality test.
c. the moral mentor test.
d. the publicity test.
e. the transparency test.
The admired observer test is not included in the decision-making metric. It is a concept used to evaluate the ethicality of an action by imagining how an admired observer would view the action.
The admired observer test is not included in the decision-making metric. This test is a concept used to evaluate the ethicality of an action by imagining how an admired observer would view the action. It involves asking oneself if they would be proud to tell their role model or someone they admire about the action they are about to take. However, it is not considered a formal or widely recognized part of the decision-making process. The other options listed, such as the legality test, moral mentor test, publicity test, and transparency test, are all commonly used ethical decision-making metrics.
Learn more about business here: brainly.com/question/15826604
#SPJ4
5. acme published a story about paul, and as a result paul sued acme for damage to his reputation, emotional distress, and punitive damages. paul won an award of $20,000 for damages, $5,500 for emotional distress, and $50,000 for punitive damages. what amount must paul include in his gross income?
Acme published a story about Paul and as a result Paul sued Acme for damage to his reputation, emotional distress, and punitive damages. The amount must that Paul include in his gross income is $70,000.
What is the calculation and what is gross income?Paul won an award= $20,000 for damages, emotional distress =$5,500
punitive damages = $50,000
Thus, amount Paul include in his gross income= $70,000
Gross income includes your wages, dividends, capital gains, business income, retirement distributions as well as other income. Adjustments to Income include such items as Educator expenses, Student loan interest, Alimony payments or contributions to a retirement account.
Gross pay is what employees earn before taxes, benefits and other payroll deductions are withheld from their wages.
Learn more about gross, here:
https://brainly.com/question/14690804
#SPJ1
the natural rate of unemployment is the unemployment rate when:______.
The lowest degree of unemployment caused by actual or voluntary economic factors is known as natural unemployment, often known as the natural rate of unemployment.
Natural unemployment measures the number of persons who are jobless as a result of the labor force's structure, such as those who have been displaced by technology or those who lack the necessary skills to find employment. The rate of unemployment that would be present in a thriving and healthy economy is known as the natural rate of unemployment. In other words, cyclical unemployment is not included in the natural rate of unemployment; only frictional and structural unemployment are.
For more information on natural rate of unemployment, refer to:
https://brainly.com/question/17205513
#SPJ4
consider a situation where two gas stations located across the street from each other are charging different prices. the exxon gas station is charging 50 cents more per gallon of each type of gasoline than the shell gas station. the equilibrium can be restored if:
This situation is not an equilibrium because: increase in government spending,Since taxes reduce income, and income influences spending, the government can influence the amount of spending in the economy by changing the tax rate.
What can a government do in order to decrease peoples spending in the economy?a) The equilibrium can be restored if Exxon gas station reduces the prices. This change will achieve equilibrium.
(b) If the shell gas station reduces the prices, then the gap between the price charged by Exxon gas station and shell gas station become larger. So, this change will not be able to achieve equilibrium.
(c) If Exxon gas station increases the prices, this will also results in larger gap between price charged by Exxon gas station and shell gas station. So, this change will not be able to achieve equilibrium.
(d) If both stations reduce their prices by 50 cents per gallon, the gap remains the same. So, this change will not be able to achieve equilibrium.
To know more about equilibrium visit:
https://brainly.com/question/28527601
#SPJ4
suppose the price of cheese has recently increased, making it more expensive to make pizza. it has also caused an increase in the price of cheese bread, a complement in consumption of pizza. what is likely to happen to the market for pizza as a result of these price changes?
The market for pizza is likely to decrease due to the increased price of cheese and cheese bread. Consumers may opt to purchase other foods that have not been affected by the price increase, instead of spending more money on pizza. This could lead to a decrease in demand for pizza, and therefore a decrease in the market for pizza.
The market for pizza may experience a decline as a result of the rising price of cheese and cheese bread. Consumers may choose to purchase other items that are not subject to this price increase, rather than paying more for pizza. This could lead to a decrease in the demand for pizza, and a consequent decrease in the market for pizza.
Additionally, with more people becoming health-conscious and avoiding processed foods, the demand for pizza may also decrease.
To learn more about effect of cheese prices link is here:
brainly.com/question/28945209
#SPJ4
Laura is an RHIT who has been an HIM department director for the past five years, with much of her focus on the release of information and revenue cycle. She wants to take her career to a new level using her skills related to HIPAA and coding/reimbursement. Laura knows that her organization is in the processing of creating some new C-suite positions and she would like to be in a position to be considered for them. Perform research on the healthcare C-suite positions that are available and select two that best coincides with Laura’s skill set. Determine if Laura has the necessary AHIMA credential(s) that would correlate with the positions
In this position, Laura would collaborate with the senior leadership team and all business divisions to create an IG programme that is in line with the company's overarching business plan.
Leaders in an organisation aren't always those in higher positions. However, they are people who are respected for their morals and work ethics change. A leader is passionate about their profession, and by motivating their team, they are able to reach their goals. Self-assurance, good communication and managerial skills, creative and innovative thinking, resilience in the face of setbacks, willingness to take risks, openness to change, and composure and fast thinking in emergency situations are all characteristics of an effective leader.
To learn more about leadership refer here:
https://brainly.com/question/14402704
#SPJ4
why does a bond with more maturity have greater interest rates risk than a bond with shorter maturity
Because bonds with shorter maturities return investors' principal more quickly than long-term bonds do.
The returns on bonds are inversely related to the interest rate prevailing in the market. This means that if the interest rates are low there will be higher returns on the bonds and if the interest rates are high the returns in the bond market will be low. Bond with longer maturity dates are more susceptible to interest rate fluctuation in the market and carry greater risk as compared to bonds that have Because bonds with shorter maturities return investors' principal more quickly than long-term bonds do.
To know more about bonds click here
https://brainly.com/question/29324611
#SPJ4
Answer:
Bonds with longer maturity periods generally have greater interest rate risk than bonds with shorter maturity periods, because they are exposed to changes in market interest rates over a longer period of time. Bonds with shorter maturity periods are less sensitive to changes in the market, and therefore have less interest rate risk.
When the text states that marketers need to create tools for ongoing, meaningful measurement of marketing productivity, it is referring to the need for __________.
Multiple Choice
subjectivity
visibility
accountability
identification
responsibility
The text states that marketers need to create tools for ongoing, meaningful measurement of marketing productivity, it is referring to the need for accountability.
Marketing productivity refers to a measure of profit responsiveness by segment to different levels of marketing investment. Marketers need to create tools for ongoing, meaningful measurement of marketing productivity, it is referring to the need for accountability.
This is because marketers need to be able to measure the effectiveness of their marketing efforts in order to make informed decisions about how to allocate resources and improve marketing strategies. By creating tools for ongoing measurement, marketers can ensure that they are held accountable for the success or failure of their marketing efforts and can make adjustments as needed to improve marketing productivity.
Learn more about Marketing:
https://brainly.com/question/25369230
#SPJ11
entrepreneurs notice that the market for cell phone service is profitable, so they decide to start their own service brand. what happens to the market for cell phone service today?
If entrepreneurs enter the market for cell phone service and start their own brand, it can increase the supply of cell phone service providers, leading to more competition in the market.
Entrepreneurs who enter the mobile phone service industry and establish their own brand may boost the supply of cell phone service providers, resulting in increased market competition. When suppliers compete for customers, this could result in reduced rates for consumers and higher quality service. Yet, if larger corporations buy out smaller ones, it may lead to market consolidation, thus limiting competition in the long run. Finally, the consequences on the market would be determined by a number of factors, including the success of new entrants and the response of incumbent providers to greater competition.
For such more question on entrepreneurs:
https://brainly.com/question/353543
#SPJ4
Accruals recorded in the salaries and wages expense and salaries and wages payable accounts represent salaries and wages.a. Trueb. False
The statement "accruals reported in the salaries and wages cost and salaries and wages payable accounts indicate salaries and wages" is correct. Hence, it is true.
What is the definition of accruals?Accruals are revenues made or costs incurred that affect a company's net income on the income statement even when cash has not yet changed hands. Accruals have a negative impact on the balance sheet since they involve non-cash assets and liabilities.
An accrual (accumulation) of anything is the accumulation of interest or different investments over time. Accruals are adjustments that must be made before a company's financial statements are released in accounting and bookkeeping.
To learn more about accruals, click
https://brainly.com/question/30630285
#SPJ1
the eternal gift insurance company is offering you a policy that will pay you and your heirs $10,000 a year forever. the cost of the policy is $285,000. what is the rate of return on this policy if the payment starts today?
3.51% is the rate of return on this policy if the payment starts today.
What is the solution of the question?Perpetual cash inflow to legal heirs= $10000
Cost of the policy = $285000
The fair cost of the policy is the present value of all the future inflows from the policy. The present value of perpetual inflows can be computed as follows: = cash inflow/ rate of return.
Hence, 285000 = 10000/ rate of return
i.e. rate of return = 10000/285000
i.e. rate of return =0.03508771929
i.e. rate of return = 3.508771929%
i.e. rate of return = 3.51% (rounded off)
Thus, 3.51% is the rate of return on this policy.
For more information about solution of the question, click here:
https://brainly.com/question/11231380
#SPJ1
how corporations are designated changes depending on where the corporation is doing business. when a corporation is in the state in which it is incorporated it is known as a(n) .
The correct answer is No, whenever a corporation changes its purpose significantly, it must always amend or renew its charter.
A partnership is a company that is owned by two or more people and operates with the goal of turning a profit. A legal entity, the company is structured in accordance with the legislation of the state in which it is created. Owners and the company organisation are distinct entities. A corporate charter, usually referred to as a "charter" or "articles of incorporation," is a written instrument that the founders of a corporation file with the Secretary of State (or registrar in Canada). It describes a company's primary elements, including its goals, organisational structure, and anticipated activities.
To learn more about corporation click on the link below:
brainly.com/question/30029715
#SPJ4
consumers most often use ____ when purchasing low-cost, frequently purchased products.
Consumers most often use routine response behavior when purchasing low-cost, frequently purchased products.
When making purchasing decision, there are some factors that influence the customers decisions. The study to understand these factors is called customer behaviors. There are few types of customer behaviors, such as:
Routine responseLimited decision-makingExtensive decision-makingImpulsive buyingRoutine response behavior involves making quick and automatic decisions based on past experiences and familiarity with the product. Consumers do not spend a lot of time or effort researching or comparing options for these types of products, as they are typically low-risk and low-involvement purchases. Routine response behavior depends heavily on brand recognition and repetitions.
Limited decision-making involves occasional buying decision with some research and little amount of pre-purchase thought.
Extensive decision-making occurs when the purchased product has a great impact for the buyer's life. Big financial investment is the major example of this type of decision. Buyer will spend a great efforts and time on researching the potential products before making a decision.
Impulsive buying happens when the purchasing activity is impulsive. A customer buys a product on a whim and without any thought. This kind of buying is mostly irrational and in the moment.
Learn more about Customer Behavior here: brainly.com/question/14238700
#SPJ11
which of the following costs are included in merchandise inventory? (check all that apply.) multiple select question. purchase costs costs necessary to ready the merchandise for sale trade discounts given to customers advertising costs shipping fees charged by the vendor taxes assessed on the merchandise
In the merchandise inventory are costs.
Purchase expensesTaxes imposed on the productShipping costs imposed by the merchantcosts involved in getting the product ready for saleMerchandise inventory are what?
Merchandise inventory refers to the goods that a distributor, wholesaler, or retailer purchases through suppliers with the goal of reselling them to clients. This could be the single largest asset upon that balance sheet for various types of businesses.
Inventory of goods is typically designated as a current asset on a company's balance sheet. The classification of this asset is based on the fact that it frequently converts to cash in a year or less.
In the framework of a balance sheet, what else does "goods in inventory" mean?Merchandise inventory refers to the value of a company's complete inventory, which includes both unfinished products and finished commodities that are for sale. This inventory's value can be calculated by accountants, and it can be listed on the balance sheet of a business.
Learn more about merchandise inventory: https://brainly.com/question/17199045
#SPJ1
u.s. riots may cause you to think about in the u.s. which is likely to the probability that you will want to do business in the u.s. t/f
It might be difficult to tell if someone is being sincere when their actions have hidden motives.
What are the two diseases that are most common in the United States?
One in five adults in America will experience a mental illness at some point in their lives, according to the National Alliance of Mental Health. Presently, about 10 million Americans experience a severe mental disease. Bipolar disorder, major depressive disorder, and anxiety disorders are the most common.
Who is competent to use the DSM?
Given the importance of general medical knowledge in making an appropriate mental diagnosis, the correct use of this manual is for psychiatrists to certify the official diagnosis. The exception would be the thoroughly screened and qualified staff of the American Board of Psychiatry and Neurology.
To know more about National Alliance visit;
https://brainly.com/question/1514187
#SPJ1
on january 1, year 1, alpha co. signed an annual maintenance agreement with a software provider for $15,000 and the maintenance period begins on march 1, year 1. alpha also incurred $5,000 of costs on january 1, year 1, related to software modification requests that will increase the functionality of the software. alpha depreciates and amortizes its computer and software assets over five years using the straight-line method. what amount is the total expense that alpha should recognize related to the maintenance agreement and the software modifications for the year ended december 31, year 1?
The $15,000 yearly maintenance agreement covers the 12-month period from March 1, year 1 through February 28, year 2. Alpha incurred two months of prepaid expenditure.
(January and February) for a total of $2,500 ($15,000 / 12 months x 2 months) since signing the agreement on January 1, year 1. The $5,000 cost of software change requests should be capitalized and amortized over the asset's useful life. Because Alpha amortizes its software assets over a five-year period, the yearly amortization charge for software change requests is $1,000 ($5,000 / 5 years). As a result, the total expenditure that Alpha should recognize for the year ended December 31, year 1 linked to the maintenance agreement and software updates is Total Prepaid Expense + Amortization Expense = Expense Total Outlay = $2,500 + $1,000 Total Cost = $3,500 As a result, Alpha should record a total expenditure of $3,500 for the maintenance agreement and software updates for the fiscal year ended December 31, year 1.
learn more about expenditure here:
https://brainly.com/question/30063968
#SPJ4
