The inventory system whereby the merchandise inventory account balance is merely a record of the most recent physical inventory count is called
a. perpetual.
b. LIFO.
c. FIFO.
d. periodic.
d
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Park, Inc purchased merchandise from Jay Zee Music Company on June 5, 2015 . The goods were shipped the same day. The merchandise's selling price was $15,000 . The credit terms were 1/10, n/30 . The shipping terms were FOB shipping point. Park received the merchandise on June 10, 2015 . Park paid the amount due on June 13, 2015. Park uses a perpetual inventory system. When will the cost of
merchandise sold be recorded as an expense? a. The date the merchandise was purchased b. The date the merchandise is sold c. The end of the accounting period d. Cannot be determined without further information
Some software companies, such as Tacit Systems, Hivemine, and Safeharbor Knowledge Solutions have developed _____, tools that facilitate knowledge sharing through intranets.
Fill in the blank(s) with the appropriate word(s).
The Basketball Division of Thunder Sports Enterprises reported the following financial data for the year: Assets available for use $1,200,000 Book Value $1,500,000 Market Value Residual income $108,000 Return on investment 14% Refer to Thunder Sports Enterprises. What was the Basketball Division's segment income?
a. $168,000 b. $125,000 c. $269,000 d. $ 19,000
The measure of how much profit the firm generates as well as how much profit certain aspects of the firm, including regions, channels, and customer segments, contribute is referred to as
A. revenue analysis. B. profit margin. C. market share analysis. D. profitability analysis. E. profitability return on investment.