It is generally recognized that a major objective of accounting for inventory is the proper determination of

Answers

Answer 1

Answer:

Net income

Explanation:

The main objective of an accounting with respect to the inventories is determining of an income via the matching principle where the revenues are matched with the expenses incurred

So as per the given situation, the net income should be considered and relevant

Therefore it is to be correct term that should be used here


Related Questions

What type of trading earns you money when you accurately predict that a stock will lose value? Ticker parade Yielding Charting Trading bonds Going long Holding Selling short

Answers

Answer:

Selling short

Explanation:

Selling short is the answer,it simply means that an investor or a trader will make profit when prices of commodities goes down. In other words it the opposite of going long where investors make money when prices rise up

A gentleman in a wheelchair and his daughter are in the store looking at Healthcare products. You are not currently helping another customer and you spot that they have a shopping list. What do you do?

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wirte a report to your headmaster about the historical excursion

my

A company that uses the accrual method of accounting started the fiscal year with assets of $600,000 and liabilities of $400,000. During the fiscal year the company recorded credit sales of $250,000, of which $8,000 remained to be collected at year end, and incurred expenses of $90,000, of which $72,000 was paid in cash. A stock dividend valued at $10,000 was declared and issued to stockholders during the year. What is the year-end balance of total equity

Answers

Answer:

$360,000

Explanation:

Calculation to determine What is the year-end balance of total equity

First step

Beginning equity = Total assets - Total liabilities.

Beginning equity= $600,000 - 400,000

Beginning equity= $200,000

Second step

Net income = Revenues - Expenses

Net income= $250,000 - $90,000

Net income= $160,000

Last step

Ending balance of Equity = Beginning equity + Net income

Ending balance of Equity = $200,000 + $160,000

Ending balance of Equity = $360,000

Therefore the year-end balance of total equity is $360,000

A major financial institution hired a renowned security firm to attempt to compromise its computer network. A few days later, the security firm reported that it had successfully entered the financial institution's computer system without being detected. The security firm presented an analysis of the vulnerabilities that had been found to the financial institution. This is an example of a

Answers

Answer:

detective control.

Explanation:

Cyber security can be defined as preventive practice of protecting computers, software programs, electronic devices, networks, servers and data from potential theft, attack, damage, or unauthorized access by using a body of technology, frameworks, processes and network engineers.

IDS is an acronym for intrusion detection system and it can be defined as a security system which is typically used to monitor network traffic and it notifies the engineer when there's a malicious activity.

Generally, the detection methods used by the Intrusion Detection Systems (IDS) are;

1. Statistical anomaly-based detection.

2. Stateful protocol analysis detection.

3. Signature-based detection.

Hence, the operations in this scenario is an example of a detective control which avails a business firm information about vulnerabilities that exist in its network system.

Nasir finds a used car for $4,000.00. It has all of the features he wants. He compares prices of similar cars at other car lots and finds the best deal at the local used car lot. The car looks even better than it did in pictures. It has a nice paint job, new tires, and new windshield wipers. Nasir pays $300.00 for a down payment and then purchases the car. He also bought an extended warranty and detailed car washing. What did he forget to do

Answers

Answer: a. Check the car for mechanical problems

Explanation:

Much like a house needs to be inspected before you move in, so also does a car. Especially when that car is an already-used car.

Regardless of how well the sellers may have made the car look aesthetically, Nasir should still have the car checked for mechanical problems as these are not visible upfront but can be very troublesome if present.

Checking the car would also enable him negotiate better because it would show the exact condition and he can take this into account during price negotiations.

What are the qualifications to become a primary teacher and a secondary? Write them.​

Answers

Answer:

The eligibility requirement for a Primary Teacher in a Government School is Senior Secondary School certificate or Intermediate or its equivalent, and Bachelor of Elementary Education (B. El. Ed.), or Diploma or certificate in basic teachers' training of not less than two years duration.

sove it then i will become you brain list​

Answers

Answer:

Total utility is a sum total of marginal utility

Explanation:

Roberto is considering attending a concert. He estimates the ticket price will be $94, and the cost of driving to the concert and parking will total an additional $21. In order to attend the concert, Roberto will have to take time off from his part-time job. He estimates that he will lose 4 hours at work, at a wage of $12.72 per hour.What is Roberto's opportunity cost of attending the concert

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Answer:

$166.08

Explanation: Take $94, add $21, giving you $115, then take $12.77 ( his hourly rate at work ) and if he loses 4 hours of work, take 4 multiply it by $12.77, which gives you $51.08, then add that to $115, which equals $166.08.

Joe's company is looking to make a number of improvements. The firm would like to maximize potential volume and reserved instance (RI) discounts across multiple accounts and also apply service control policies on member accounts. Which service or tool can be used to gain these benefits

Answers

The service or tool that could be used for gaining the benefits should be AWS  Orgs.

The information related to AWS Orgs is as follows:

AWS Organization should be an account management service. In this, there are multiple AWS accounts that should be consolidated for developing and managing. As an organization administrator, the accounts should be developed and the existing accounts should be invited for joining the organization.

Therefore we can conclude that the service or tool that could be used for gaining the benefits should be AWS  Orgs.

Learn more about discounts here: brainly.com/question/3541148

The senior managers of Clockence, a clock manufacturing company, have a disagreement about the quantity of inventory to be allotted to each production team. Each of them views the problem differently, but they are willing to discuss it and arrive at the best possible solution. In this scenario, the conflict among the senior managers at Clockence best exemplifies _____.

Answers

Answer:

c-type conflict

Explanation:

A C-type conflict is a conflict that involves/reflects disagreements among members of a team. This kind of conflict mainly focuses on issue-related differences of opinion.

logical fallacy Well, what form of government do you want, a government by liberal do-gooders ready to spend your hard-earned dollars or a government led by business minds that understand how to live within a tight budget and generate jobs that put people to work. Group of answer choices

Answers

Answer:

i don´t nou sorry

Explanation:

When we say that a firm is a price taker, we are indicating that the Group of answer choices firm takes the price established in the market then tries to increase that price through advertising. firm can change output levels without having any significant effect on price. demand curve faced by the firm is perfectly inelastic. firm will have to take a lower price if it wants to increase the number of units that it sells.

Answers

Answer:

firm can change output levels without having any significant effect on price.

Explanation:

In the case when we say that the firm is a price taker that means the firm has the power to change the level of an output but this does not have any kind of impact on the price. They accepted the price for the prevailing market and each unit could be sold at the similar market price. It could impact the market price also they enjoy the pricing power

Therefore the above statement should be considered

Horace is seeking to exchange money in preparation for his trip to Uruguay. He will need 5,000 Uruguayan pesos, and the exchange rate between the US dollar and the Uruguayan peso is 1:19.924. The currency exchange agent Horace is using requires that a 5% surcharge be paid when converting currency. Taking the surcharge into account, how many US dollars will it take Horace to get 5,000 pesos

Answers

Answer:

$263.50

Explanation:

Calculation to determine how many US dollars will it take Horace to get 5,000 pesos

First step is to determine Total Uruguayan pesos to buy

Total Uruguayan pesos= 5,000 Uruguayan pesos + (5,000 Uruguayan pesos* 0.05)

Total Uruguayan pesos=5,000 Uruguayan pesos + 250 Uruguayan pesos

Total Uruguayan pesos = 5,250 Uruguayan pesos

Now let determine how many US dollars will it take Horace to get 5,000 pesos

US dollars needed = (5,250 Ur.$)/(19.924 Ur.$/U$S)

US dollars needed =$263,50

Therefore how many US dollars will it take Horace to get 5,000 pesos will be $263,50

Research suggests that the adoption of may increase efficiency and lower unit costs relative to what can be achieved by the mass production of a standardized output. Group of answer choices Just-in-time manufacturing Unscheduled manufacturing Flexible production technology Quick technology

Answers

The answer is "flexible production technology".

It is also known as a "flexible manufacturing system".  FMS is a production method that can easily adapt to variations in the item's kind and quantity. The user could be configured machinery and computing devices like that it should produce a variety of products and manage varying production levels.

The incorrect choice can be defined as follows:

A just-in-time manufacturing method, it aims to reduce production cycle durations as well as reaction times between suppliers and customers to save costs.Unscheduled manufacturing orders could be removed and afterward reinserted into the production schedule.Quick technology must be made much easier so that society's largest problems may be addressed, and individuals and companies could become more innovative, effective, and productive.

Learn more:

flexible production technology: brainly.com/question/23851086

Fiscal policy refers to the ________using_________
to affect the economy.

Congress and the president, taxes and spending
Forte

The Federal Reserve, taxes and spending

The Federal Reserve, interest rates

Congress and the president, interest rates

The Federal Reserve, the money supply

Answers

Answer:

Congress and the president, taxes and spending.

Explanation:

Fiscal policy refers to the Congress and the president using taxes and spending to affect the economy.

Fiscal policy in economics refers to the use of government (Congress and the president) expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

Generally, a fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Carter Production, Inc.'s required production for the first six month of the year is as follows. Month Required Production January 50,000 February 70,000 March 85,000 April 105,000 May 110,000 June 120,000 Each unit requires two pounds of material. Given a desired ending inventory of 20% of next month's production needs, the pounds of material to be purchased in April is: Multiple choice question.

Answers

Answer:

212,000 pounds

Explanation:

Calculation to determine what the pounds of material to be purchased in April is

Beginning inventory 210,000

(105,000 x 2)

Add Ending inventory 44,000

(20% of May production needs

( 110,000 x 2 x 20%)

Less Beginning Inventory 42,000

(20% of April)

April pounds of material to be purchased 212,000 pounds

(210,000+44,000-42,000)

Therefore the pounds of material to be purchased in April is 212,000 pounds

It is okay to wear disposable gloves if: You wash hands first and discard gloves between tasks You dispose of the gloves often while preparing foods The handwashing sink is broken or missing soap Your hands are dirty and you are too busy to wash them

Answers

I think it would be ok

Troy, a cash basis taxpayer, is employed by Eagle Corporation, also a cash basis taxpayer. Troy is a full-time employee of the corporation and receives a salary of $60,000 per year. He also receives a bonus equal to iO% of all collections from clients he serviced during the year. Determine the tax consequences of the following events to the corporation and to Troy
A.On December 31, 2018, Troy was visiting a customer. The customer gave Troy a $10,000 check payable to the corporation for appraisal services Troy performed during 2018. Troy did not deliver the check to the corporation until January
B. Gross Incom ne facts are the same as in part (a), except that the corporation is an accrual basis taxpayer and Troy deposited the check on December 31, but the hank did not add the deposit to the corporation's account until January 2019
C. The facts are the same as in part (a), except that the customer told Troy to hold the check until January 2019 when the customer could make a bank deposit that would cover the check

Answers

Answer and Explanation:

The tax consequences for the following events -

a. The organization should record the amount of $10,000 in the year 2018 as they followed the cash basis and the cheque should be equal to the cash also troy could not able to record the bonus till it is actually collected

b. As per the accrual basis, the income should be recorded when they are earned not when they are received so the corporation should record the income in the year 2018 as the agent performed the service

c. Since the restrictions that are imposed on cheque for payment purpose should be treated as the substantial and the cheque should not be equivalent to the cash because the customer told that check should be held till Jan 2019 so the income should not be recorded in 2018

Layla is learning about the benefits of using search ad extensions and has come to know that they can help to increase user engagement. What are two other benefits that search ad extensions can contribute to performance? (Choose two.)

Answers

Answer:layla is learning about the benefits of using search ad extensions and had come to know that they can help to increase user engagement.

Sort the list below according to whether or not an item is an assumption made under perfect competition (aka pure competition or competitive industry).Assumed in perfect Competition------------------Not Assumed in perfect Competition-A small number of producers-Significant barriers to entry-Many buyers-Firms selling similar but different goods-Price taking behavior

Answers

Answer:

Assumed in perfect Competition

Many buyers

Price taking behavior

Not assumed in perfect Competition

A small number of producers

Significant barriers to entry

Firms selling similar but different goods

Explanation:

A perfect competition is characterized by many buyers and sellers of homogenous goods and services. Market prices are set by the forces of demand and supply. There are no barriers to entry or exit of firms into the industry.  

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.  

Also, if in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.  

Explain the problem that can occur due to learning organization approach.

Answers

Answer:

Shshwhsjehsnebebebebbee

Select all that apply Some disadvantages of relying solely on financial measures include that: (Check all that apply.) Multiple select question. they can encourage managers to focus too heavily on short-term goals. they can encourage managers to focus too heavily on long-term goals. some profitable opportunities may be rejected to keep return on investment high. residual income is not as effective when comparing investment centers of different sizes. they require managers to focus on too many perspectives.

Answers

Answer:

they can encourage managers to focus too heavily on short-term goals.some profitable opportunities may be rejected to keep return on investment high. residual income is not as effective when comparing investment centers of different sizes.

Explanation:

Franchising offers all the following benefits for franchisers except Group of answer choices franchise agreements require a certain standard of behavior from franchisees, which helps protect the franchise name. franchisers can retain control of their name while increasing global penetration of their products. the franchisee's revenue stream is fairly consistent because franchisers pay fixed fees and royalties. the franchiser's revenue stream is fairly consistent because franchisees pay fixed fees and royalties. franchisers do not have to put up a large capital investment.

Answers

Answer:

Franchising offers all the following benefits for franchisers except

the franchisee's revenue stream is fairly consistent because franchisers pay fixed fees and royalties.

Explanation:

When a franchisor gives a franchisee the authority to do business in the franchiser's trade name, using its business system, it is called franchising.  The franchisee pays a royalty, including an initial franchise fee, to the franchisor in exchange for this right.  In this business arrangement, the franchise right confers on the franchisee the authority to establish branches of the franchising company.

You are the CEO of a home appliance manufacturing company and have recently undertaken a review of your company's strategy. In comparing your stock market valuation to that of your closest competitor, you note that your firm is currently valued at $50 billion, while your competitor is valued at $40 billion. How should you proceed?
A.Consider this evidence of a sustainable competitive advantage and maintain your current strategy
B. Compare the current valuations with past valuations to determine a trend
C. Assume your current strategy has failed and begin to formulate a new one
D. Compare your valuation to firms in another industry.

Answers

Answer:

The correct answer is the option B: Compare the current valuations with the past valuations to determine a trend.

Explanation:

To begin with, in the field of business managent when it comes to terms of analyzing strategies that lead the organization in its market value the most important thing to do is to find trends that will compass tasks or ways of action that the company has so that they will know if they are in the correct path growing and how the strategy should continue going or change. Because if you keep the same strategy then maybe the context will change or a fortuite case will appear and harm the organization's strategy so that will indicate that you will have to change that. Therefore that seeking for trends in the history of the company's strategies and to see what has been going well

Help Wanted Ads Established company seeking full-time residential house cleaner. We will train. Must be honest and dependable. Call (123) 456-7890. Suburban medical facility seeking surgeon. Board Certified required. $1,000 signing bonus for every year of experience, up to $15,000. Send resume to 123 Medical Drive, Suburbia, GA. Temporary lifeguard needed to fill summer holiday shifts at outdoor swimming pool Must have CPR and Lifeguard certification. Apply in person to Bridgefront, 123 Bridgefront, Anytown, GA. Aircraft manufacturer seeking engineers with advanced degree in physics and no less than 15 years experience. Many positions available. Send resume to 123 Aircraft Blvd., Anytown, GA. According to the help wanted ad for a surgeon, how many years of experience will provide the LARGEST signing bonus?
A) 0-4 years
B) 5-9 years
C) 10-14 years
D) 15+ years​

Answers

Answer: D 15+ years

Explanation:

The more years the larger the sign bonus

ECO Jeans, Inc. had a mission to become the leading producer of environmentally friendly blue jeans, an emerging and in-demand category in the apparel industry. Its strategy involved leveraging a network of organic cotton farmers and suppliers of environmentally responsible synthetic materials to create a product that is durable, attractive, affordable, and 100% recyclable. However, because it did not upgrade its outdated production facilities, ECO Jeans could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. ECO Jeans’ strategy failed because

Answers

Answer: it was not backed up with strategic commitments.

Explanation:

The reason why ECO Jeans’ strategy failed is because the strategy was not backed up with strategic commitments.

Strategic commitments refers to the decisions that are taken by a company which have a long-term impact on the company.

Since ECO jeans could not upgrade its outdated production facilities, the company could not assemble its products at a low-enough cost to offer the jeans at a price that was attractive to customers. This could have had a positive impact on the company for a long term.

A hospital plans to implement an EHR system and has taken inventory of its current client hardware. The staff requests that the hospital consider purchasing client hardware that enables them to be more mobile so they can work from anywhere in the hospital. Which purchase would be most suitable for this hospital

Answers

Maybe a stronger WiFi Router

Inflation is a macroeconomic measure that describes:

Answers

Answer:

is used to measure the rising increase in prices of goods and services in a country over a certain period of time

Explanation:

FitWear Inc, a sporting goods footwear and apparel company, features photographs of celebrities wearing its brand of clothing and sports gear, FitWear Inc. launched a commercial for its new line of football cleats. This commercial featured famous football Stars because the company believes that celebrities can influence customers' buying decisions. In this case, the football stars served as
A. aspirational reference groups
B. opinion leaders
C, decision makers
D. nonaspirational reference groups

Answers

Answer:

B. opinion leaders

Explanation:

Opinion leadership is leadership via the user who used the active media in order to interpretation the meaning of the message related to media or for the lower end media users

It is to be done for high esteem in the case of acceptance of their opinions

As the individuals influence the common people so it is a opinion leaders

since they are individuals influencing common people

Mill Co. uses a batch processing method to process its sales transactions. Data on Mill's sales transaction tape are electronically sorted by customer number and are subjected to programmed edit checks in preparing its invoices, sales journals, and updated customer account balances. One of the direct outputs of the creation of this tape most likely would be a

Answers

Answer: Report showing exceptions and control totals.

Explanation:

Batch processing system has to deal with input controls showing exceptions and how invoiced are processed on each batch.

The batch processing system helps make it easier to notify invoices automatically as customers get items.

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2 Tables. A 2-column table with 2 rows is titled Table A. Column 1 is labeled Squares with entries 5, 10. Column 2 is labeled Circles with entries 3, 6. A 2-column table with 2 rows is titled Table B. Column 1 is labeled Squares with entries 10, 20. Column 2 is labeled Circles with entries 3, 9. Which statement is true about the ratios of squares to circles in the tables? The ratios in Table A are greater than the ratios in Table B. The ratios in Table B are greater than the ratios in Table A. Only some of the ratios in Table A are greater than the ratios in Table B. The ratios in Table A are equal to the ratios in Table B. tip tuyn ca th hm s x[tex]x^{3} -3x^{2} +2[/tex] ti im M(2,-2) As a fire rages through a forest, a large boulder is heated quickly. This rapid change in temperature causes the outer layer of the boulder to crack. weathering or erosion Joule is a SI unit of power Measuring cylinder is used to measure the volume of a liquid Which of the following characteristics are shared by all living organisms We rejoice .......... her success. Spain is more to the north than Germany. ???? i need help asap im timed Rewrite this measurement with a simpler unit, if possible.4.5m2m2m Wages ExpenseType of AccountAppears on Which Financial StatementNormal BalanceIs the Account Closed?AExpenseIncome StatementCreditYesBExpenseIncome StatementCreditNoExpenseIncome StatementDebitYesDExpenseIncome StatementDebitNFNone of the above Sharecropping worked to the advantage of the sharecropper. True or false? digestive juice that acts only on fats dash How did Enlightenment ideas influence the start of the American Revolution? Begin with a single sum of money at period 0. First, calculate a future value of that sum at 12.01%. Then discount that future value back to period 0 at 11.99%. In relation to the initial single sum, the discounted future value:_________a. Is greater than the original amountb. Is less than the original amountc. Is the same as the original amountd. Cannot be determined with the information given 1. Tony's flight from New Jersey (land) ___________________. We should see him any minute. have landed has landed In algebraic expression The sum of a number and six, divided by eight. To reduce your chances of identify theft you shoulda.carry your Social Security Card in your wallet.b.check your credit rating regularly.c.only use drive thru ATMs.d.never keep receipts with credit information printed on them. What are two effects that high aluminumlevels in sensitive bodies of water haveon fish? square root 12 is ___ greater than square root 7 Match each term to its correct example. 1. Studies show that dachshunds are the small dog breed most likely to bite someone. informed opinion 2. Some dog breeds should not be kept as pets. opinion 3. Because dachshunds are known to bite, their owners should be cautious when the dogs are around strangers. fact please help right now i cant find it!!!!!!!!!!!