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 130 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?

About 60% of newborn infants in the United States are jaundiced; that is, they look yellow. Kernicterus is a form of brain damage caused by excessive jaundice. When babies begin to be affected by excessive jaundice and begin to have brain damage, they become excessively lethargic.

Did you know?

About 80% of major fungal systemic infections are due to Candida albicans. Another form, Candida peritonitis, occurs most often in postoperative patients. A rare disease, Candida meningitis, may follow leukemia, kidney transplant, other immunosuppressed factors, or when suffering from Candida septicemia.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

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?

Many medications that are used to treat infertility are injected subcutaneously. This is easy to do using the anterior abdomen as the site of injection but avoiding the area directly around the belly button.

Sample inventory order form. Sample inventory order form.
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 ...
Cost of Laptops Cost of Laptops
Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ... Hector makes payments of $2000.00 into an RRSP at the beginning of every six months starting ...
Calculate the weighted-average cost of the following inventory purchases:DateQuantity ... Calculate the weighted-average cost of the following inventory purchases:DateQuantity ...
An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ... An inventory record sheet shows a balance on hand of 972. During the month units sold were 111, ...
Video: Lower Limb Arteries Animation

For a complete list of videos, visit our video library