1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
qaws [65]
10 months ago
15

Inventory shrinkage as a result of theft, damage or obsolescence that is discovered during a physical inventory count at the end

of the accounting period is recorded with a decrease to inventory ______.
Business
1 answer:
san4es73 [151]10 months ago
8 0

Inventory depreciation due to theft, damage or obsolescence discovered during the physical count of inventory at the end of the accounting period is recorded with a decrease in inventory only in the perpetual system.

Depreciation Inventory is defined as the difference between the amount of inventory listed on the books and the actual inventory that is physically present; Such depreciation usually occurs due to theft, damage, or miscalculation.

If you own your own retail business, you may face theft, shoplifting, or other forms of fraud, leading to unexpected inventory losses. Loss of inventory is a huge problem for any business that carries physical goods. Without control and monitoring, there is no way to track down the root cause of inventory shrinkage in your business.

You can learn more about Depreciation Inventory here brainly.com/question/28205327

#SPJ4

You might be interested in
Wilson Corporation produces a large number of fishing products. The costs per unit of a particular fishing reel are as follows.
vlada-n [284]

Answer:

The decision is incorrect. It is cheaper to make in house.

Explanation:

Giving the following information:

Make in house:

Direct materials and direct labor 10

Variable factory overhead 6

Fixed factory overhead 4

The company recently decided to buy 10,000 fishing reels from another manufacturer for $18

We need to  calculate the unitary variable cost of production. Fixed costs are unavoidable, therefore they shouldn't be taken into account.

Variable cost= direct material + direct labor + variable overhead

Variable cost= 10 + 6= $16

The decision is incorrect. It is cheaper to make in house.

3 0
3 years ago
For how long should a certified personal trainer maintain accurate contract and appointment records?
Ann [662]

Correct/Complete question: For how long should a certified personal trainer maintain accurate contract and appointment records?

a. 3 years

b. 4 years

c. 2 years

d. 1 year

Answer:

4 years

Explanation:

A certified personal trainer is expected to maintain accurate record of contracts and appointment for at least 4 years before discarding them so as to be able to use them for future assessment or reference purposes. These records are kept in both soft and hard copies. the hard copies can be recycled after 4yeasr at least while the soft copies are kept in a database which can last for almost forever.

Cheers

5 0
3 years ago
What is the name of the technique used to open the airway of an unresponsive not-breathing guest?
AlexFokin [52]
The technique being used above is called the jaw thrust. This is being done with the person who is not breathing. They tend to open the airway of patient to allow him or her to enter airway into her system. They perform a specific procedure in doing these to completely do the task for it to be more effective and to allow the patient to breathe.
6 0
3 years ago
Read 2 more answers
Businesspeople from ________ often arrive after the scheduled meeting time and prefer to spend time building personal trust befo
tatyana61 [14]

Latin American businesspeople frequently come after the agreed meeting time because they prefer to first spend time establishing a good relation. They also conduct meetings informally, allowing them to show up well past the appointed time.

Goals drive business communication. People inside and outside of an organization must be informed of the rules, regulations, and policies of that organization. Business communication is governed by a set of standards and guidelines. Early corporate communication was restricted to written correspondence, telephone calls, etc. However, with the advancement of technology, we now have satellite communication, cell phones, video conferencing, emails, and more to facilitate corporate communication. Effective business communication contributes to an organization's reputation-building efforts.

Any firm depends on its customers. You may maintain effective contact with your consumers and create enduring relationships if you work on developing excellent interpersonal skills.

Customers who are satisfied will promote your company. They advertise and endorse your company. They are, however, also more understanding when things don't go as planned.

Learn more about effective communication here

brainly.com/question/4123103

#SJP4

8 0
1 year ago
During the month of January, Marcos & Henesey, Inc. had total manufacturing costs of $165,000. It incurred $62,000 of direct
adell [148]

Answer:

$68,800

Explanation:

Let the direct material used be X,

Direct Material + Direct Labor + Over Head = Total product cost

X + $62,000 + $40,000 = $165,000

X + $102,000 = $165,000

X = $165,000 - $102,000

X = $63,000 Materials Used

Raw Materials used = Beginning Inventory + Purchased - Ending Inventory

Raw Materials used = Beginning Inventory + Purchased - [Beginning Inventory + $5,800]

$63,000 = Beginning Inventory + Purchased - Beginning Inventory - $5,800

$63,000 = Purchased  - $5,800

Purchased =  $63,000 + $5,800

Purchases = $68,800

6 0
3 years ago
Other questions:
  • A tire manufacturer produces 400 tires valued at $20 each. Three hundred tires are sold to a tire shop, which then sells them to
    5·1 answer
  • Why are governmental services more expensive in cities compared to other areas?
    8·1 answer
  • China Importers would like to spend $215,000 to expand its warehouse. However, the company has a loan outstanding that must be r
    13·1 answer
  • Which element of the Word window allows a user to see the size percentage, number of pages, and number of words in the document?
    13·2 answers
  • Which statement is correct? In the short run, the pure monopolist will maximize total profits by producing at that level of outp
    8·1 answer
  • Many businesses today appear to have some type of corporate social responsibility edict. When might the need for social responsi
    10·1 answer
  • What layout strategy deals with low-volume, high-variety production?A) fixed-position layoutB) retail layoutC) warehouse layoutD
    10·1 answer
  • The two phases of new employee training are orientation and _________ .
    12·2 answers
  • Why do you think special riders are necessary to cover jewelry, stamp collections, coin collections, and laptop computers?
    11·1 answer
  • Nick has a job. The first place he should look for health care coverage is because the costs will probably be the for the genero
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!