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2 years ago

The failure to record which transaction has no effect on the quality of inventory?

1 answer:

4 0

Do not record transactions that do not affect inventory quality. A recorded inventory transaction has actually taken place.

Records of inventory purchases made during the accounting period. The purchase account is increased by direct debit. The manufacturing costs of the goods sold are overestimated by the same amount. An overstatement of cost of goods sold will result in an understatement of net income and retained earnings by the original margin of error.

If the auditor is dissatisfied with the accuracy of the closing balance sheet and may be materially increase.

Inventory write-downs affect both the income statement and the balance sheet. Write-offs are treated as expenses. This means your net income and tax liability will be reduced. Therefore, a decrease in net income will reduce a company's retained earnings and reduce shareholders' equity on the balance sheet.

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The demand function for widgets is given by D(P) 16 2P. Compute the change in consumer surplus when the price of a widget increa

eduard

Question: The demand function for widgets is given by D(P) = 16 − 2P. Compute the change inconsumer surplus when price of a widget increases for $1 to $3. Illustrate your result graphically

Answer:

For price of a widget equal to $1 consumer surplus is

D(1) = 16 - 2(1) = 14

CS₁ = ½ × (8 – 1) × D(1) = ½ × 7 × 14 = 49.

When price is equal to $3 consumer surplus is

D(3) = 16 - 2(3) = 10

CS₃ = ½ × (8 – 3) × D(3) = ½ × 5 × 10 = 25

8 0

3 years ago

Fortuna worked 49.5 hours this week at $ 8.18 an hour. What was he gross pay? Remember over time worked over 40 hours is paud at

vova2212 [387]

$327.2 for the first 40
$116.575 for the remaining 9.5 hours paid at 1.5x the pay
$443.765 is your sum, however if you are to round to actual pay, it would be $443.77

6 0

3 years ago

From 1965 to 2013, women went from 9 percent to _____ percent of u.s. medical students. 52 30 47 12

LUCKY_DIMON [66]

The answer to this question would be: 47%

In 1965, there are just 9% of women that taking medical program but in 2013 the amount is nearly same as the man. The increase is more intense before 1990 which was 40%. It would be 31% increase from 1965. The percentage of the total applicant and the accepted applicant is nearly same, so the increase is mostly done because there are more women applicant in later years.

8 0

3 years ago

Target Corporation reported the following information in a recent Form 10-K. Consolidated Statement of Operations ($ millions) F

lisabon 2012 [21]

Answer: See explanation

Explanation:

a. inventory turnover ratio

This will be calculated as:

= Sales cost / Average inventory

= $67,596 / $9301.50

= 7.2672

= 7.27

(b) average days in inventory.

This will be calculated as:

= 365 days / Inventory turnover ratio

= 365 / 7.27

= 50.20

= 50 days

Note:

Average inventory = ($10,321 + $8,282) / 2 = $9301.50

7 0

3 years ago

What is the repricing gap if the planning period is 30 days? 3 months? 2 years? Recall that cash is a noninterest-earning asset.

Tcecarenko [31]

Answer:- -$95 million for 30days, -$20 million for 3 months, +$55 million for 2 years.

Explanation:

Repricing gap using a 30-day planning period, we have;

$75 - $170 = -$95 million.

Repricing gap using a 3-month planning period, we have;

($75 + $75) - $170 = -$20 million.

Reprising gap using a 2-year planning period, we have;

($75 + $75 + $50 + $25) - $170 = +$55 million.

b) the impact over the next 30 days on net interest income vary. Let us use i) when net income increases by 50 basis points.

ii) when net income decreases by 75 basis points.

if impact over the next 30 days on net interest income increases by 50 basis points, we would have that net interest income will decrease by $475,000, see below:

ΔNII = CGAP(ΔR) = -$95m.(0.005) = -$0.475m

If impact over the next 30 days on net interest income decrease by 75 basis points, net interest income will increase by $712,500. This is because:

ΔNII = CGAP(ΔR) = -$95m.(-0.0075) = $0.7125m

7 0

4 years ago