This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: If Beginning Inventory (BI) + Purchases (P) Ending Inventory (EI) = Cost of Merchandise Sold ... (Read 101 times)

HCHenry

  • Hero Member
  • *****
  • Posts: 591
on: Jul 5, 2018
If Beginning Inventory (BI) + Purchases (P)  Ending Inventory (EI) = Cost of Merchandise Sold (COMS), anequivalent equation can be written as
 a. BI + P = COMS  EI
  b. BI  P = COMS + EI
  c. BI + P = COMS + EI
  d. EI + P = COMS  BI

Question 2

On December 31, IOU Corporation issued 100,000 of 10-year, 8 bonds at 98. The bonds pay interest annually on December 31. These bonds sold at 98 because ________.
 
  A) the stated interest rate was higher than the market rate of interest
  B) the stated interest rate was lower than the market rate of interest
  C) the bond was issued six months after yearend
  D) this is an installment note


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

B


HCHenry

  • Hero Member
  • *****
  • Posts: 591
Reply #2 on: Jul 5, 2018
Correct answers!


Sammyo

  • Sr. Member
  • ****
  • Posts: 329
Reply #3 on: Jul 5, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

When taking monoamine oxidase inhibitors, people should avoid a variety of foods, which include alcoholic beverages, bean curd, broad (fava) bean pods, cheese, fish, ginseng, protein extracts, meat, sauerkraut, shrimp paste, soups, and yeast.

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Did you know?

Approximately 500,000 babies are born each year in the United States to teenage mothers.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Cats sold for meat alongside ducks Cats sold for meat alongside ducks
The correct beginning position for the patient’s feet and crutches (tripod position). The correct beginning position for the patient’s feet and crutches (tripod position).
A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ... A spark plug thread chaser is a low-cost tool that hopefully will not be used often, but is ...
Typical Startup Cost Categories Cont. Typical Startup Cost Categories Cont.
Cost of Copying for the Follower Country Cost of Copying for the Follower Country
Cost of Going to School Cost of Going to School
Video: The primary factors that affect circulation - MABP, CO and SVR

For a complete list of videos, visit our video library