If a company mistakenly counts more items during a physical inventory than actually exist, how will the error affect its bottom line <u>d.Net income will be overstated.</u>
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Explanation:
The Formula for net income is total expense subtracted by total revenues.<u>The total expense can be further sub categorized into cost of goods sold, operating expenses, interest, and taxes.</u>
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To calculate the net income, the cost of goods sold is subtracted from the revenue. In case the cost of goods sold is very low compared to what it actually should be , it makes the net income appear larger than it actually is. it results in an increases in the tax liability for the company.
hence we can say that ,If a company mistakenly counts more items during a physical inventory than actually exist, how will the error affect its bottom line <u>d.Net income will be overstated.</u>
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Answer:
The amount of the promissory note plus the interest earned on the due date is called the maturity value.
Explanation:
Maturity value is the amount that has to be paid to an investor at the end of the debt's intrument period. The amount to be paid includes the interest earned during the period of the investment and the amount of money invested.
Answer:
572 Favorable
Explanation:
Direct Labour efficiency Variance:
= (Standard Labour Hour - Actual Labour Hour) × Standard Rate
= [(78 connectors × 3 hours of direct labor per connector) - (190 hours)] × $13 per hour
= [234 hours of direct labor - 190 hours] × $13 per hour
= 44 hours × $13 per hour
= $572 Favorable
Therefore, Banner's direct labor efficiency variance for August is $572 Favorable.
In the given Simple Model, I would like to add Requirements Gathering and Analysis after the Problem Statement. Because we know the problem description and we need to derive the requirements using the given data.
<h3><u>What exactly does "process modeling" mean?</u></h3>
Business processes or workflows are represented graphically in process modeling. Similar to a flow chart, each stage of the process is broken down so that a complete picture of the tasks involved in it within the context of the business environment is available.
A process model enables business processes to be visualized, helping firms better understand their internal business processes and manage and improve them. This is typically a flexible exercise for ongoing development.
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<u>What advantages does process modeling have?</u>
Business processes are given a visual representation through the process modeling method, making it easier for users to analyze them and determine how they might be improved. Process modeling also has additional advantages, such as:
- Increased effectiveness
- Gain transparency
- Ensure best practices
- Develop comprehension
- Business orchestration.
Learn more about business with the help of the given link:
brainly.com/question/11357749
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Answer:
Significant noncash financing and investing activities.
Explanation:
