Homework Answers
6.
Answer: 1st option
This is the practice of buying and selling, which contributes net income. If selling amount is higher than buying amount, there is a positive net income; if buying amount is higher than selling amount, there is a negative net income.
9.
Answer: 2nd option
This is the amount of cost for goods going for sale. Therefore this a part of expenses but not revenues, sales or gross margin.
By the formula: Cost of goods sold = Beginning inventory + Purchase of inventory – Ending inventory
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A merchandiser: Multiple Choice Ol 16:49 Earns net income by buying and selling merchandise. O Receives...
A merchandiser: Multiple Choice Earns profit from fares only. Buys products from consumers. Receives fees only...
A merchandiser: Multiple Choice Earns profit from fares only. Buys products from consumers. Receives fees only in exchange for services. Earns net income by buying and selling merchandise.
Number 1, 3 am not sure if they are correct. Quiz 3 Nale. UUWIL ACCT 201...
Number 1, 3 am not sure if they are correct.
Quiz 3 Nale. UUWIL ACCT 201 006 Each answer is worth 1 point. Please place the answers on this sheet. 1) A merchandiser: CA) Earns net income by buying and selling merchandise. B) Receives fees only in exchange for services. C) Earns profit from commissions only. D) Earns profit from fares only. E) Buys products from consumers. 2) A company has sales of $695,000 and cost of goods sold of...
Hi this is for my study guide, please show work where its applicable. Much appreciated. 1....
Hi this is for my study guide, please show work where its
applicable. Much appreciated.
1. A merchandising company:
A. earns net income by buying and selling merchandise
B. Receives fees only in exchange for services
C. Earns profit from commissions only
D. Earns profit from fares only
E. Buys products from consumers
2. Cost of goods sold:
A. Is another term for merchandise sales
B. Is the term for the cost of buying and preparing merchandise
for sale
C....
Please solve the final answer for all following 10 multiple choice questions Which argument does not refer to Preferential Trade Agreements (PTAs)? O PTA reduces trade barriers among members but dis...
Please solve the final answer for all following 10 multiple choice questions Which argument does not refer to Preferential Trade Agreements (PTAs)? O PTA reduces trade barriers among members but discriminate against non-member countries O PTA promotes regionalism and is as such against the idea of multilateralism in trade O Some people view that the formation of regional trade agreements (RTAs) undermine the WTO O PTA encourages regionalism and it is harmful since it leads to trade diversion O All...
objective risk excepr: O All fthe following are methods used by ingurance are methods used by...
objective risk excepr: O All fthe following are methods used by ingurance are methods used by insurance companies to A. safety education programs. C. investment in investment grade securities only D. use of deductibles. selective underwriting of insureds of: 7. A life insurance company needs more liquidity when selling a high proportion A. one-year renewable term policies B. annuities. C, thirty-year term policies D. whole life policies. one of the following statements about universal life insurance is not true? A....
PART 1 Introduction to Medical Assisting 12 Grade Name: Date: MULTIPLE CHOICE 1. The branch of...
PART 1 Introduction to Medical Assisting 12 Grade Name: Date: MULTIPLE CHOICE 1. The branch of law concerned with issues of citizen Scenario for questions 6 and 7: A man is found lying unconscious outside the physician's office. You alert several colleagues, who go outside to assess the man's condition. It is clear that he will be unable to sign a consent form for treatment. welfare and safety is: a. private law b. criminal law c. constitutional law d. administrative...
TRUE OR FALSE/ MULTIPLE CHOICE and word response questions. C. a more permanent government involvement in the ba...
TRUE OR FALSE/ MULTIPLE CHOICE and word response
questions.
C. a more permanent government involvement in the banking system, even creating a pational banking system that owns and operates most of the global and regional banks. Deshort-term increases in government spending to stimulate the economy. 20. When describing the state of the U.S. economy, reporters often refer to the nation's GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why each measure is significant....
Multiple-Choice Questions (worth two points each) 1. Which of the following describes the process in which...
Multiple-Choice Questions (worth two points each) 1. Which of the following describes the process in which one adopts patterns of behavior that lead to greater life satisfaction? A. wellness B. health C. social determination D. self-efficacy 2. The Stages of Change Model of health behavior change emphasizes that A. change happens as a process. B. people change only when faced with an illness. C. change occurs only when the environment supports it. D. changes are more effective when based on...
It is based on the multiple-choice question pasted below. Use the current 21 percent tax rate....
It is based on the multiple-choice question pasted below. Use the current 21 percent tax rate. (28) in the current year, Acom, Inc., had the following items of income and expense! Sales $500,000 Cost of sales 250,000 Dividends received 25,000 The dividends were received from a corporation of which Acom owns 30%. In Acom's current yoar income tax rotum, what amount should be reported as income before special deductions? A. $525.000 B. $508,750 C. $275,000 D. $250.000 The correct answer...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first...
Comprehensive Income Tax Course: Module 1 4. Randy turned 16 last year and had his first summer job. Even though his parents are claiming him as a dependent he wants to file a return in order to get his refund. He receives his W-2 and decides he can do his own return using form 1040-EZ. Which of the following information is not found on a Form W-2? a) The taxpayer’s Social Security number b) The taxpayer’s wages, tips and other...
Number 1, 3 am not sure if they are correct.
Quiz 3 Nale. UUWIL ACCT 201 006 Each answer is worth 1 point. Please place the answers on this sheet. 1) A merchandiser: CA) Earns net income by buying and selling merchandise. B) Receives fees only in exchange for services. C) Earns profit from commissions only. D) Earns profit from fares only. E) Buys products from consumers. 2) A company has sales of $695,000 and cost of goods sold of...
Hi this is for my study guide, please show work where its
applicable. Much appreciated.
1. A merchandising company:
A. earns net income by buying and selling merchandise
B. Receives fees only in exchange for services
C. Earns profit from commissions only
D. Earns profit from fares only
E. Buys products from consumers
2. Cost of goods sold:
A. Is another term for merchandise sales
B. Is the term for the cost of buying and preparing merchandise
for sale
C....
objective risk excepr: O All fthe following are methods used by ingurance are methods used by insurance companies to A. safety education programs. C. investment in investment grade securities only D. use of deductibles. selective underwriting of insureds of: 7. A life insurance company needs more liquidity when selling a high proportion A. one-year renewable term policies B. annuities. C, thirty-year term policies D. whole life policies. one of the following statements about universal life insurance is not true? A....
PART 1 Introduction to Medical Assisting 12 Grade Name: Date: MULTIPLE CHOICE 1. The branch of law concerned with issues of citizen Scenario for questions 6 and 7: A man is found lying unconscious outside the physician's office. You alert several colleagues, who go outside to assess the man's condition. It is clear that he will be unable to sign a consent form for treatment. welfare and safety is: a. private law b. criminal law c. constitutional law d. administrative...
TRUE OR FALSE/ MULTIPLE CHOICE and word response
questions.
C. a more permanent government involvement in the banking system, even creating a pational banking system that owns and operates most of the global and regional banks. Deshort-term increases in government spending to stimulate the economy. 20. When describing the state of the U.S. economy, reporters often refer to the nation's GDP, its unemployment rate, and the CPI. Explain what each of these terms means and why each measure is significant....
Multiple-Choice Questions (worth two points each) 1. Which of the following describes the process in which one adopts patterns of behavior that lead to greater life satisfaction? A. wellness B. health C. social determination D. self-efficacy 2. The Stages of Change Model of health behavior change emphasizes that A. change happens as a process. B. people change only when faced with an illness. C. change occurs only when the environment supports it. D. changes are more effective when based on...
It is based on the multiple-choice question pasted below. Use the current 21 percent tax rate. (28) in the current year, Acom, Inc., had the following items of income and expense! Sales $500,000 Cost of sales 250,000 Dividends received 25,000 The dividends were received from a corporation of which Acom owns 30%. In Acom's current yoar income tax rotum, what amount should be reported as income before special deductions? A. $525.000 B. $508,750 C. $275,000 D. $250.000 The correct answer...
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