Answer:
you would owe 2163.75 in taxes
Explanation:
Answer:
$2,163.75
Explanation:
The way to solve this multiply 14425 by the decimal form of 15%.
You always move it two to the left.
So 0.15
Then multiply
14425 • 0.15
2163.75
So you would owe $2,163.75
Hope this helps
what are some good outdoor thing to do outside for the summer
list as many as can
Answer:
biking
swimming
walking
learning something new
being with friends
sports
hiking
going on a trip
making something
Define general banking services offered by financial institutions
Periodic vs.Perpetual Inventory Accounting Multiple Choice Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Sometimes Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting and sometimes Periodic Inventory Accounting results in a higher Cost of Goods Sold than Perpetual Inventory Accounting Periodic Inventory Accounting results in a lower Cost of Goods Sold than Perpetual Inventory Accounting Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold
Answer:
Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.
Explanation:
A periodic system of inventory can be defined as a method of financial accounting, that typically involves updating informations about an inventory on a periodic basis (at specific intervals) as the sales or purchases are being made by the customers, through the use of either an enterprise management software applications or a digitized point-of-sale equipment.
A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).
Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, theft etc. Also, the periodic system of inventory is a function of the cost of goods sold.
Hence, both Periodic and Perpetual Inventory Accounting result in the same Cost of Goods Sold.