a. The indication of the account balance financial statement assertions of the following issues are as follows:
Issues Financial Statement Assertions
1. Consignment Inventory Existence, Completeness, Rights and Obligations
2. Items priced below cost Existence, Accuracy and Valuation
3. Significant decline in selling prices = Accuracy and Valuation
4. Damaged inventory Existence, Accuracy and Valuation
5. Undisclosed fourth warehouse = Existence, Completeness, Accuracy and Valuation
6. Inventory in-transit Existence, Accuracy and Valuation, completion, Rights and Obligations
b. Issues Impacts
1. Consignment Inventory Overstatement
2. Items priced below cost Understatement
3. Significant decline in selling prices Overstatement
4. Damaged inventory Overstatement
5. Undisclosed fourth warehouse Overstatement
6. Inventory in-transit Understatement
Thus, the financial statement assertions that the auditor must verify are existence, completeness, rights and obligations, accuracy and valuation, and presentation and disclosure.
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what are books of prime entry?
Answer:
A book or record in which certain types of transaction are recorded before becoming part of the double-entry book-keeping system.
I hope that if you graduate, what can you do for this company better?
Answer:
I be confident for your company
1. Explain the role of values in the making of business ethics. How these can be incorporated in working out business strategy?
Answer:
A company's values would guide its employees on how they will do their job or conduct business (i.e., business ethics). Organizations like Xerox are including "living our values" as one of their performance objectives. The values are being accompanied by specific objectives and performance measures, which are anchored on the organization's strategy.
Explanation:
The source I used is https://www.strategy-business.com/article/05206?gko=987a9.
Sheridan Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is available. Units Unit Cost Total Cost April 1 inventory 280 $ 17 $ 4,760 April 15 purchase 420 20 8,400 April 23 purchase 300 22 6,600 1,000 $ 19,760 Calculate weighted average cost per unit.
Answer:
Closing inventory - $10,160
Costs of goods sold - $9,600
Explanation:
Under the LIFO Method, the cost of good sold equals to
= April 23 units × cost per unit + Remaining units × cost per unit
= 300 units × $22 + 150 units × $20
= $6,600 + $3,000
= $9,600
Since the firm has sold 450 units, so out of which 300 units sold at a price of $22 and the remaining 150 units sold at a price of $20
The ending inventory equals to
= Remaining units × cost per unit + April 1 × cost per unit
= 270 units × $20 + 280 units × $17
= $5,400 + $4,760
= $10,160
Since on April 23, the 420 units were purchase, out of which 150 units are transferred to the cost of good sold and the remaining units 270 units at $20 is transferred to the ending inventory
Identify a current trending topic on Yahoo! or Twitter. Why do you think this particular topic is currently trending? How long do you think this topic will remain popular? Can you connect the trending topic to any of the cultural values and behaviors discussed in your readings?
Answer:
I am pro of free fire
Explanation:
124 5
zarasiato24, I couldn't give Brainliest so I am posting a new question so I can give you Brainliest
Answer:
im here
Explanation:
This year you earned 75,500. Last year you earned 72,400. What was the rate of change on your earnings since last year? A. 4.28% B. 4.68% C. 4.92% D. 5.12%
Boreki Enterprise has the following 10 items in inventory. Theodore Boreki asks you a recent OM graduate to divide these item into ABC classification. Fill in the blanks and then answer the following questions. round dollar volume to the nearest number and percentage of dollar volume to two decimal places.
Item Annual Demand Cost\Unit Dollar Volume % of Total Dollar Volume
A2 3500 50 ___ ___
BB 4000 12 48,000 4.89
CT 1500 45 67,500 6.60
D1 6000 20 _____ _____
E9 1000 20 20,000 1.95
F3 500 500 ____ _____
G2 200 1500 300,000 29.34
H2 600 20 12,000 1.17
I5 1750 10 ____ ___
J8 2500 5 12,500 1.22
Based on the percentages of dollar volume, Item A2 should be classified as _____.
1. The blanks are filled with the correct values and each item classified according to the ABC classification as follows:
A - outstandingly important
G2 200 1500 300,000 37.62%
A2 3500 50 175,000 21.94%
D1 6000 20 120,000 15.05%
B - of average importance
CT 1500 45 67,500 8.46%
BB 4000 12 48,000 6.02%
C - relatively unimportant
F3 500 500 25,000 3.13%
E9 1000 20 20,000 2.51%
I5 1750 10 17,500 2.19%
J8 2500 5 12,500 1.57%
H2 600 20 12,000 1.50%
2. Item A2 is classified as A - outstandingly important.
Data and Calculations:
Item Annual Demand Cost\Unit Dollar Volume % of Total Dollar Volume
A2 3500 50 175,000 21.94%
BB 4000 12 48,000 6.02%
CT 1500 45 67,500 8.46%
D1 6000 20 120,000 15.05%
E9 1000 20 20,000 2.51%
F3 500 500 25,000 3.13%
G2 200 1500 300,000 37.62%
H2 600 20 12,000 1.50%
I5 1750 10 17,500 2.19%
J8 2500 5 12,500 1.57%
Total Dollar Volume 797,500 100%
Percentages of dollar = Dollar Volume/Total Dollar Volume x 100
Thus, based on the percentages of dollar volume, Item A2 should be classified as A - outstandingly important.
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Along with a complete shut down or even jail time for its principals, what other possible result can occur if a business violates federal regulations?
A. The business may be fined for its infractions.
B. The business may be sanctioned and employees asked to resign.
C. The principal owners would be asked to leave the country
no links please
Answer:
The answer is "yes".
By definition they regulate them, which means restraining some of the actions they might otherwise take that are perceived to harm others or have other greater negative impacts on society.
That being said, they also benefit them by generally fostering an environment of stability in the markets, which is the first thing that commerce needs in exploiting opportunities. When a business knows what to expect, it is able to develop effective strategies that optimize profits for the circumstances.
Explanation:
Companies use esg integration to create new forms of
It's about using ESG integration to create new forms of competitive advantage. And since it involves fundamental strategic and operational choices, it can't be left entirely to the investor relations team or the sustainability department.
Describe ESG integration?Environmental, social, and governance (ESG) integration is the practice of integrating significant ESG data into the investment process with the goal of enhancing the long-term financial performance of our clients' portfolios.
Why are ESGs integrated by businesses?The examination of corporate actions that impact operational effectiveness, future course, and boosted risk-adjusted returns and long-term viability can be supported by ESG integration. ESG integration supports the evaluation of possibilities and risks in organizations and portfolios.
What are the uses of ESG?ESG, or environmental, social, and governance, is a phrase used to describe an organization's corporate financial interests, which primarily concentrate on ethical and sustainable outcomes. Capital markets utilize ESG to assess businesses and forecast their financial prospects.
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#SPJ2
Can anyone help me with this accounting question? Im confused with the question
Answer:
what the heck
Explanation:
is this englesh
Developing training program
Answer:
Training can be viewed as a process comprised of five related stages or activities: assessment, motivation, design, delivery, and evaluation.
Explore five stages of the training process:
Assess.
Motivate.
Design.
Deliver.
Evaluate.
Joanna ran a red light and hit another car. No one was hurt, but there was
damage to both vehicles. Joanna has liability coverage, but she does not
have collision insurance. Joanna's insurance carrier will pay for the damage
to:
A. neither vehicle.
Ο Ο
B. Joanna's vehicle only.
C. the other driver's vehicle only.
O
O
D. both vehicles.
Because his vehicle have a liability coverage alone on his car, then, the insurance carrier will pay for the damage to other driver's vehicle only.
The liability coverage provided is this case is also called a Third party insurance because it provide compensation for liability arising from damage to other road users.
Hence, since his vehicle have a liability coverage alone on his car, then, the insurance carrier will pay for the damage to other driver's vehicle only.
Therefore, the Option C is correct.
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Pina Colada Co. had the following transactions during the current period.
Mar. 2 Issued 5,000 shares of $5 par value common stock to attorneys in payment of a bill for $29,400 for services performed in helping the company to incorporate.
June 12 Issued 58,300 shares of $5 par value common stock for cash of $362,400.
July 11 Issued 1,025 shares of $100 par value preferred stock for cash at $130 per share.
Nov. 28 Purchased 2,520 shares of treasury stock for $78,000.
Requried:
Journalize the transactions.
Pina Colada Co. will record the following journal entries for the transactions.
Mar. 2 Debit Attorney's Fees $29,400
Credit Common Stock $25,000
Credit Additional Paid-in Capital - Common $4,400
To record the issuance of 5,000 shares at $5 par value for attorney's bill.June 12 Debit Cash $362,400
Credit Common Stock $291,500
Credit Additional Paid-in Capital - Common $70,900
To record the issuance of 58,300 shares at $5 par value for $362,400.July 11 Debit Cash $133,250
Credit Preferred Stock $102,500
Credit Additional Paid-in Capital -Preferred $30,750
To record the issuance of 1,025 shares of $100 par value at $130 per share.Nov. 28 Debit Treasury Stock $12,600
Debit Additional Paid-in Capital - Common $65,400
Credit Cash $78,000
To record the purchase of 2,520 shares at $5 par for $78,000.Data and Calculations:
Mar. 2 Attorney's Fees $29,400 Common Stock $25,000 Additional Paid-in Capital - Common $4,400
issuance of 5,000 shares at $5 par value.
June 12 Cash $362,400 Common Stock $291,500 Additional Paid-in Capital - Common $70,900
58,300 shares at $5 par value.
July 11 Cash $133,250 Preferred Stock $102,500 Additional Paid-in Capital -Preferred $30,750
1,025 shares of$100 par value at $130 per share
Nov. 28 Treasury Stock $12,600 Additional Paid-in Capital - Common $65,400 Cash $78,000
2,520 shares at $5 par for $78,000.
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The Centers for Disease Control and Prevention (CDC) defines a healthy sleep duration
to be at least seven hours per day. The CDC reports that the percentage of people who
report a healthy sleep duration varies by marital status. The CDC also reports that in
2018, 67% of those who are married report a healthy sleep duration; 62% of those who
have never been married report a healthy sleep duration; and 56% of those who are
divorced, widowed, or separated report a healthy sleep duration. The file Sleep Habits
contains sample data on the sleeping habits of people who have never been married
that are consistent with the CDC's findings. Use these data to answer the following
questions. Click on the datafile logo to reference the data,
DATA file
a. Develop a point estimate and a 95% confidence interval for the proportion of those
who have never been married who report a healthy sleep duration,
Point estimate
(to 4 decimals)
to
Confidence interval
(to 4 decimals)
4
b. Develop a point estimate and a 95% confidence interval for the mean number of
hours of sleep for those who have never been married.
(to 4 decimals)
Point estimate
to
Confidence interval
(to 4 decimals)
c. For those who have never been married, estimate the number of hours of sleep per
day for those who report a healthy sleep duration (to 4 decimals).
a. The point estimate of the married people that sleep well is = 0.6299. The confidence interval for the mean hours of sleep for those that have never been married but report good sleep is 0.6186, 0.6412
b. The point estimate of the number of hours for people that have never been married = 7.2257
95% confidence interval for the mean number of hours of sleep for those who have never been married = 7.2065, 7.2447
c. the estimated number of sleep for those that have never been married = 7.729 hours
a. The point estimate
[tex]P=\frac{Xp}{n}[/tex]
[tex]Xp = successes\\n = sample size\\[/tex]
Those who have never been married n = 7044
Xp = those who sleep for 7 hours at least
To get Xp, the excel function
Countif(range, criteria)
Countif(A:A, >=7)
This gives Xp = 4437
Point estimate =
[tex]\frac{4477}{7044}[/tex]
= 0.6299
The point estimate of the married people that sleep well is = 0.6299
At 95% interval of confidence,
α = 1-0.95 = 0.05
α/2 = 0.05/2 = 0.025
Z0.025 = 1.96 ( Use the standard probability normal table)
Margin of Error
=[tex]M.E = 1.96\sqrt \frac{0.6299(1-0.6299)}{7044} \\\\= 1.96\sqrt{0.000033} \\\\1.96*0.0057[/tex]
= 0.0113
The 95% confidence interval
= 0.6299 - 0.0113 , 0.6299 + 0.0113
= 0.6186, 0.6412
The confidence interval for the mean hours of sleep for those that have never been married is 0.6186, 0.6412
b. Sample mean
x = ∑x/n
x = number of sleep of the never been married
Mean is calculated using excel function
Average(range)
Average(a:a)
This gives the sample mean = 7.2257
The point estimate of the number of hours for people that have never been married = 7.2257
Standard deviation using excel =
Stdev(A:A) = 0.8211
[tex]Margin of error =1.96*\frac{0.8211}{\sqrt{7044} }[/tex]
= 0.0192
The confidence interval =
= 7.2257-0.0192, 7.2257+0.0192
= 7.2065, 7.2447
95% confidence interval for the mean number of hours of sleep for those who have never been married = 7.2065, 7.2447
c. From the available data, the mean number of sleep per day that is gotten from the 4437 people that are unmarried and sleep healthily for at least 7 hours = 34295.1
Mean = 34295.1/4437
= 7.729
the estimated number of sleep for those that have never been married = 7.729 hours
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This settlement made history, but not in a good way. It was both the largest criminal fine and the largest settlement of civil healthcare fraud charges ever paid. Shareholders filed a derivative suit against the Pfizer board and top executives. Defendants responded with a motion to dismiss on the grounds that shareholders had not made demand on the board. Is demand necessary
Answer:
maf
Explanation:
(for economics class) How could a manager or owner of a business utilize a cost production table to make the business a success?
List of biodegradable products?
Please give good answers! 100 points!
Answer:
food scraps and coffee grounds, paper towels, toilet paper, newspapers, junk mail, paper plates and cups, clothing and towels
Assume a company is considering whether to accept or reject a special order opportunity to sell a customer 300 units of a slightly customized version of one of its products for $38.25. The normal selling price of this product is $48 per unit. It can fulfill the order using existing manufacturing capacity. The company’s accounting system estimates the following unit product cost for this product: Per Unit Direct materials $ 18 Direct labor 12 Manufacturing overhead 10 Total cost $ 40 The company estimates that $3 of its manufacturing overhead varies with respect to the number of units produced. The remainder of its overhead is fixed and unaffected by the volume of units produced within the relevant range. Assuming that this decision will have no effect on sales to other customers, what is the financial advantage (disadvantage) of accepting the special order?
The financial advantage the company gains by accepting the special order of 300 units is $1,575.
Data and Calculations:
Units of sales for special order = 300 units
The unit price for the special order = $38.25
Normal selling price per unit = $48
Estimated unit product cost:
Direct materials $ 18
Direct labor 12
Manufacturing overhead 10
Total cost $ 40
Variable manufacturing overhead = $3
Fixed manufacturing overhead = $7 ($10 -$3)
Total relevant cost = $33 ($18 + $12 + $3)
The per unit financial advantage of accepting the special order = $5.25 ($38.25 - $33)
Thus, the financial advantage accruing to the company for accepting the special order of 300 units is $1,575 (300 x $5.25).
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What is the advantage and disadvantage of air transport in tourism industry
Answer: Air transport is an important enabler to achieving economic growth and development. Air transport facilitates integration into the global economy and provides vital connectivity on a national, regional, and international scale. It helps generate trade, promote tourism, and create employment opportunities.
Explanation:High Costs: Air transport is a costly service. Its operational costs are too high. Middle class and poor people can not affect its cash.
More Risks: Air transport is prone to accidents. A small mistake can be very dangerous for passengers. ...
Huge Investments:
Coca-Cola and PepsiCo are the leading competitors in the market for cola products. In 1960 Coca-Cola introduced Sprite, which today is the worldwide leader in the lemon-lime soft drink market and ranks fourth among all soft drinks worldwide. Prior to 1999, PepsiCo did not have a product that competed directly against Sprite and had to decide whether to introduce such a soft drink. By not introducing a lemon-lime drink, PepsiCo would continue to earn a $200 million profit and Coca Cola would continue to earn a $300 million profit.
Suppose that by introducing a new lemon-line soft drink, one of two possible strategies could be pursued : (1) PepsiCo could trigger a price war with Coca-Cola in both lemon-lime and cola markets or (2) Coca-Cola could acquiesce and each firm maintains its current 50/50 split of the cola market and split the lemon-lime market 70/30 in favor of Coca-Cola. If Pepsi introduced a lemon-lime drink and a price war resulted, both companies would earn profits of $100 million. Alternatively, Coca-Cola and PepsiCo would earn $275 million and $227 million, respectively, if PepsiCo introduce a lemon-lime drink and Coca-Cola acquiesced and split the markets as listed above.
Diagram this situation using the extensive or tree-form of a game.
How you can convince your colleagues that introducing the new soft drink is the most profitable strategy by explaining the reasoning and theoretical analysis?
The introduction of the new soft drink is the most profitable strategy because it'll be in Coca-Cola's bad interest if a price war is started.
It should be noted that in a perfectly competitive market that is, a market where the producers and consumers possess full and symmetric information, a price war would not occur.
However, the soft drink industry is a monopolistically competitive industry since Coca-Cola and PepsiCo control the majority of the market share.
Therefore, the introduction of the new soft drink will be a profitable solution because it'll be in Coca-Cola's bad interest if a price war is started with PepsiCo.
In conclusion, a price war shouldn't be started.
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A decrease in the discount rate causes employment to
Answer: A decrease in discounts for employees causes employment to decrease as well
Explanation:
8
Tracy has heard about government bonds before, but she isn't sure what they are. She is very conservative by nature and is really hesitant
about trying new things. What can you tell her about government bonds that might actually convince her to invest?
OA. They always have a very high Interest rate.
OB. They are extremely difficult to find.
O c. They allow you constant access to your investment Income.
OD. They are relatively risk-free.
Reset
Next
Answer: They are relatively risk-free.
Reasons why there can be power without authority and their examples
Answer:
OK IDONTKNOWYOUKNOW
Explanation:
JUST ASKING
3.
Just before the accident, Falicia actually reduced her policy from $50,000 to $25,000.
a.
How much does Alicia have to pay?
b. How much does her insurance pay?
Answer:25,000
Explanation: Falicia actually reduced her policy from $50,000 to $25,000. so that's how i came up with my answer here.
$50,000 - $25,000 = $25,000
and there u go!
Answer:
Alicia will pay $15,500
Her insurance will pay $24,500
Explanation:
On job training techniques example
Answer:
tyf didi
Explanation:
workforce Zoya Jacobson
Interviewing Techniques
Lexie, a marketing manager, regularly interviews candidates for her team. Because Lexie is a
people person, and her department is built on teamwork, when she interviews candidates for a
job, she tries to get to know the candidates as people. She always begins by saying, "Tell me
about yourself," and based on what the candidate says, she lets the conversation unfold for 30
to 60 minutes per session.
Questions
i) How does Lexie’s current interview technique limit her effectiveness as an interviewer?
[3 marks]
ii) Lexie also wishes to contact people or organizations as referees for job candidates to fill
strategic positions in the organizations. Discuss two to three limitations of referee reports
placed on management or organizations for job candidates. How do organizations cope
with this burden?
[4 marks]
iii) The human resource department at Lexie’s organization is preparing to formulate a drug
testing policy for all potential job applicants. Discuss why drug tests is a controversial
component of the personnel selection process?
[3 marks
Lexie's current interview technique limits her effectiveness as an interviewer as she uses the non-directive interview method, where there is no structure and questions are not specified, which can result in less reliability and validity.
Some limitations of reports from referees placed in management or organizations for job applicants are related to lack of knowledge of the organizational culture and biases that can compromise the recruitment and selection process.
Ideally, the recruitment and selection process for candidates who will fill strategic positions in organizations should be based on the selection carried out by the company's executives, who already have greater experience and vision to recruit the right candidate.
Drug testing is controversial in the personnel selection process because it negatively affects the candidate's experience, as well as being expensive and making the selection process more time-consuming.
Therefore, the ideal is that drug tests are carried out if this procedure is legal in the location where the company operates, and if it is a necessity of the work position.
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When a change in the price level leads to a change in the interest rate and thus a change in the quantity of aggregate demand, it is called the:
Answer:
interest rate effect
Explanation:
Identify the supporting document:
A_ Sale of merchandise
B_Payment of rent
C_Buy a car
D_Current account deposit
E_Delivery of goods
Rogers Company completed the following transactions during 2011. The annual accounting period ends December 31, 2011.
Jan. 8 Purchased merchandise for resale on account at an invoice cost of $14,860; assume a periodic inventory system.
Jan. 17 Paid January 8 invoice.
Apr. 1 Borrowed $35,000 from National Bank for general use; executed a 12-month, 12 percent interest-bearing note payable.
June 3 Purchased merchandise for resale on account at an invoice cost of $17,420.July 5 Paid June 3 invoice.
Aug. 1 Rented a small office in a building owned by the company and collected six months' rent in advance amounting to $6,000. (Record the collection in a way that will not require an adjusting entry at year-end.)
Dec. 20 Received a $100 deposit from a customer as a guarantee to return a large trailer "borrowed" for 30 days.
Dec. 31 Determined wages of $9,500 earned but not yet paid on December 31 (disregard payroll taxes).
1. Prepare journal entries for each of these transactions.
2. Prepare all adjusting entries required on December 31, 2011.
3. Show how all of the liabilities arising from these transactions are reported on the balance sheet at December 31, 2011.
4. For each transaction, state whether cash flow from operating activities is increased or decreased or whether there is no effect.
Answer:
my bad i really need help
Explanation:
