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 245 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?

Nearly 31 million adults in America have a total cholesterol level that is more than 240 mg per dL.

Did you know?

Vaccines prevent between 2.5 and 4 million deaths every year.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Carbamazepine can interfere with the results of home pregnancy tests. If you are taking carbamazepine, do not try to test for pregnancy at home.

Styles of Coping and Examples from the Brief COPE Inventory Styles of Coping and Examples from the Brief COPE Inventory
Enzymes: Note the enzyme has the ending ase as in sucrase and the actual substrate is sucrose. Enzymes: Note the enzyme has the ending ase as in sucrase and the actual substrate is sucrose.
Electric and butane-powered soldering guns used to make electrical repairs. Soldering guns are sold ... Electric and butane-powered soldering guns used to make electrical repairs. Soldering guns are sold ...
Manage First: Inventory and Purchasing Manage First: Inventory and Purchasing
question in cost accounting question in cost accounting
Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ... Compute the rate of discount allowed on a rontor -tiller that lists for K 341 and is sold for K ...
Video: Lower Limb Arteries Animation

For a complete list of videos, visit our video library