How is the cost of goods sold calculated and recorded in a periodic inventory system? In a
Question:
How is the cost of goods sold calculated and recorded in a periodic inventory system? In a perpetual inventory system?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (10 reviews)
Periodic System Cost of Goods Sold Beginning Invento...View the full answer
Answered By
Mustafa olang
Please accept my enthusiastic application to solutionInn. I would love the opportunity to be a hardworking, passionate member of your tutoring program. As soon as I read the description of the program, I knew I was a well-qualified candidate for the position.
I have extensive tutoring experience in a variety of fields. I have tutored in English as well as Calculus. I have helped students learn to analyze literature, write essays, understand historical events, and graph parabolas. Your program requires that tutors be able to assist students in multiple subjects, and my experience would allow me to do just that.
You also state in your job posting that you require tutors that can work with students of all ages. As a summer camp counselor, I have experience working with preschool and kindergarten-age students. I have also tutored middle school students in reading, as well as college and high school students. Through these tutoring and counseling positions, I have learned how to best teach each age group. For example, I created songs to teach my three-year-old campers the camp rules, but I gave my college student daily quizzes to help her prepare for exams.
I am passionate about helping students improve in all academic subjects. I still remember my excitement when my calculus student received her first “A” on a quiz! I am confident that my passion and experience are the qualities you are looking for at solutionInn. Thank you so much for your time and consideration.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Question Posted:
Students also viewed these Accounting questions
-
How is the cost of goods sold determined in a company that uses job order costing?
-
How is the cost of goods sold determined in a company that uses job order costing? Discuss.
-
1. Which of the following statements is true? a. Job-order costing is used only in manufacturing firms. b. The job cost sheet is subsidiary to the work-in-process account. c. Job-order costing is...
-
QUESTION 2 A non-symmetrical rigid jointed portal frame ABCD is fixed at A and D. It carries a trapezoidal distributed load acts along beam BC as illustrated in Figure Q2. The frame was constructed...
-
A retirement home at Deer Trail Estates now costs $185,000. Inflation is expected to cause this price to increase at 6% per year over the 20 years before C. L. Donovan retires. How large an equal,...
-
1. At a special meeting, the board of directors of Family Federal Savings & Loan Association asked Newton, its president, manager, and director, to resign. He did so. Shortly thereafter, a reporter...
-
What happens if you specify an invalid format string?
-
DeLong Corporation was organized on January 1, 2017. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2...
-
7. 5 What is 11. as an improper fraction? 16 Answer: 17 9 - 8. Which is the difference of 32 32 in lowest terms? 9 18 1 8 32 1 9. 8 5 3 + Which is the quotient of 12 10? 1 18 1 10. What is 25 as a...
-
Tan Chin Company purchases a building for $11,300,000 on January 2, 2012. An engineers report shows that of the total purchase price, $11,000,000 should be allocated to the building (with a 40-year...
-
Identify two types of companies that you would expect to have a high gross profit margin and two types of companies that you would expect to have a low gross profit margin.
-
What differences would be found on an income statement prepared for a company using a periodic inventory system, compared with a company using a perpetual inventory system?
-
Providence Realty Inc. owned a large piece of property suitable for development. It received an offer on its property from Botswell Street Developments Ltd., an active company with assets and...
-
A company which has an ROE of 28.16%, Total Asset Turnover of 2.2x, Profit margin of 8% and $1,000,000 in equity. What does the company have in total assets?
-
Calcium metal can be obtained by the direct electrolysis of molten CaCl 2 at a voltage of 3.2 V. (a) How many joules of electrical energy are required to obtain 12.0 1b of calcium? (b) What is the...
-
20. Companies A and B have been offered the following rates per annum on a $50 million five-year loan: Fixed Rate Floating Rate Company A 5.5% SOFR Company B 7.0% SOFR + 0.5% Which of the following...
-
After processing Person 0 of Queue n, the queue moves forward like this: 1. Person 0 of Queue n-1 leaves his/her queue and enters in Queue n. 2. Person 0 of Queue n-2 leaves his/her queue and enters...
-
= 1. Suppose firms in a perfectly competitive, constant cost (i.e., flat LR supply curve), industry face monthly demand given by QD 1000 P and have access to a production technology that yields a...
-
Modify the application of Exercise 14.1 to use a second activity for the arithmetic and result display processes. Data from exercise 14.1 Build an application that invites the user to enter an...
-
Vince, Inc. has developed and patented a new laser disc reading device that will be marketed internationally. Which of the following factors should Vince consider in pricing the device? I. Quality of...
-
Country Coffee Limited is a restaurant chain specializing in fresh, ready-to-serve coffee. Country Coffee is owned by its sole founder, who began the chain over 20 years ago. Today the business has...
-
Coho Brakes and Auto Parts Limited is a distribution company whose mobile sales force covers large territories of automotive repair shops and automobile dealerships. The company's partial income...
-
Consider the following events: Sept. 23 Dexter Maersk decides to buy a custom-made snowboard and calls the Great Canadian Snowboard Corporation to inquire about its products. 28 Dexter asks Great...
-
1) Pretend that you work in a hospital. Its not really possible to have an MVP for something like surgery. For example, you cant complete half a surgery, check for market feedback, then go back and...
-
Many Geotechnical engineering projects require knowledge of the shear strength of soils. What is the purpose and goal of the direct shear test ?
-
a) A person has set out to deposit $750 per month for 5 years (60 months) into a bank account that pays 1.75% per month interest at the end of each month. What will be the accumulated amount at the...
Study smarter with the SolutionInn App