Answer: C.the perpetual inventory records are accurate and related controls operate effectively
Explanation: When the perpetual inventory records are accurate and related controls operate effectively, it is frequently possible to test the physical inventory prior to the balance sheet date. An auditor will generally decide whether the inventory count can be taken before year-end primarily on the basis of accuracy of the perpetual inventory master files.
Answer: -$140000
Explanation:
Total operating expenses, = fixed costs + variable cost
Fixed cost is 20% = $60000
Variable cost is 80%
Therefore Total Operating expenses is $300000
When we subtract the total operating expenses (300000) from the total revenue (160000) , we get -140000.
Camino's is having a net operating loss of $140000. To make profit, they need to sell above 37500 cups
Answer: False
Explanation: Because it's best for you to do your small goals first and then go big.
Answer:
decrease of 32,000 dollars
Explanation:
the treasury sotck are recorded at cost:
4,000 shares x $8 per share = $32,000
the treasury stock is a contra.equity account that decreases the total stockholders' equity
As this shares are no longer outstading they are held by the firm thus, the capital fund of the firm are lower.
Also notice asset decrease as well because we use cash to acquire them.
Answer:
$2000
Explanation:
1000x2=2000 child tax credit
AGI is lower then 110,000 for joint filling.
