Answer:
D. $30,000 overstated
Explanation:
Understatement of ending Inventory overstate the value of cost of Goods sold and understate the value of Net income and retained earning as well.
Overstatement of ending Inventory understate the value of cost of Goods sold and overstate the value of Net income and retained earning as well.
In 2016 the net income and retained earning was understated by $120,000.
In 2017 the net income and retained earning was overstated by $150,000.
Net Effect of both event in Retained earning at January 1, 2018
$150,000 overstated - $120,000 understated = $30,000 overstated
Answer:
Correct option is C 6.20
Explanation:
Sales/ Average net operating average
= $115,337/ $18,616
=6.20
Answer:
Kindly check attached picture
Explanation:
Kindly check attached picture for detailed statement using the direct method
Answer:
Professional career typists
Explanation:
People that can type fast usually use a type of keyboarding known as touch typing. Basically the person typing knows the location of each key by muscle memory. This increases the speed of typing. But only professional career typists are the ones that can type or exceed 100 words per minute.
Answer:
a. Chase; inventory level
Explanation:
Chase Strategy is one of the two aggregate planning methods where the production is set according to demand forecasts. Hence in this type of aggregate planning, the inventory level may be increased for a certain duration to cater for higher demands while it can also be lowered through low production for low forecasts. Hence Inventory level may be manipulated to match supply and demand.
