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mr_godi [17]
3 years ago
6

Merchandise inventory at the end of the year was understated. which of the following statements correctly states the effect of t

he error?
Business
1 answer:
irina1246 [14]3 years ago
7 0
Where is the answers to the question
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Mathis and Hashey are two of the largest and most successful toymakers in the world, in terms of the products they sell and thei
lapo4ka [179]

Answer:

The answer is  given below;          

Explanation:                              Mathis         Amount in $         Hashey

                                             2011                        2012          2011         2012

Net Sales                        3,631                          4,156              2,268      2,302

A/R-Net                             677                             1,074                967           889

A/R Turnover                3,631/(677+802)   4156/(677+1074)  2,268/(967+540)

                                                                                                         2,302/(889+967)

(Net Sales/Average net receivable)

 A/R Turnover                2.5                             2.4              1.5              1.2

Days to collect    

(Average Receivables/Sales)*365

                               677+802/(3631)     677+1074/(4156)     967+540/(2,268)  889+967/(2,302)

Average days to collect  149                        154                       242             294                                  

7 0
4 years ago
Questions and Problems
prisoha [69]

Answer:

Adjusted Basis = $571,300

Explanation:

Given.

Amount Procured = $750,000

Capital Improvement = $50,000

Depreciation = $128,700

Adjusted basis is the net cost of an asset after adjusting for various tax-related items.

In other words, it is the original cost or other basis of property, reduced by depreciation deductions and increased by capital expenditures.

Calculating Jocasta's adjusted basis in the building.

= Amount Procured - Depreciation - Capital Improvement

= $750,000 - $128,700 - $50,000

= $571,300

4 0
3 years ago
According to Frans Johansson, all new ideas are: Select one: a. Typically representative of a combination of ideas that are inte
Fofino [41]

Typically representative of a combination of ideas that are integrated to create value is the correct option.

Frans Johansson believes that innovation may be accomplished by combining ideas from many fields and sectors. He emphasized the value of varied teams and how different viewpoints will aid in the creation of enhanced ideas.

The Medici effect refers to the belief that enhanced creativity and invention arise as a result of variety. Step-changes can occur when ideas and skilled individuals from many professions are brought together to cooperate. Frans Johansson's novel of the same name inspired the concept.

Therefore, the correct option is a.

To know more about ideas and invention  click  here:

brainly.com/question/6463555

#SPJ4

6 0
2 years ago
Brodrick Company expects to produce 20,000 units for the year ending December 31. A flexible budget for 20,000 units of producti
notka56 [123]

Answer:

For 20,000 units, we have 170,000

For 26,000 units, we have 266,000

Explanation:

Here, we are to calculate the expected level of income from operations.

Formulas that can come in handy from the table are;

Variable amount per unit = sales/number of units

contribution margin = Sales - Variable cost

Income from operations = Contribution margin - fixed cost

Please, kindly checked attached image for tabulated result calculations.

6 0
3 years ago
Unlike the overview module in Hootsuite Analytics, which offers one set of aggregated analytics data, ___________________ allows
svetlana [45]

Answer: The correct answer is "A. the Reports feature".

Explanation: Unlike the overview module in Hootsuite Analytics, which offers one set of aggregated analytics data, <u>the reports feature</u> allows you to run an unlimited number of customizable and shareable real-time analytics reports, dialed precisely to the diverse reporting needs of your organization.

7 0
4 years ago
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