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3 years ago

Which of the following statements regarding shrinkage is not correct?

Business

1 answer:

Vesna [10]3 years ago

3 0

Answer:

CORRECT: It is easier to detect shrinkage in a periodic inventory system than in a perpetual inventory system.

Explanation:

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During the first 11 months of a recent year, a certain charitable organization received an average (arithmetic mean) of $20,600

IgorLugansk [536]

Answer:

$25,400

Explanation:

Average for first 11 months = $20,600

Total amount for first 11 months = 11 x $20,600 = $226,600

Average for 12 months = $21,000

Total amount for 12 months = 12 x $21,,000 = $252,000

Amount received in December = $252,000 - $226,600 = $25,400

The organization received $25,400 in donations during December

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3 years ago

After Jeff Bezos read about how the Internet was growing by 2,000 percent a month, he set out to use the Internet as a new distr

zloy xaker [14]

Answer:

Explanation:

Entrepreneurs innovate sometimes by commercializing inventions and ideas. They look for new business opportunities and find resources they can use in exploiting them. Commercializing an invention was done by Jeff Bezos in this instance. He saw the distribution opportunities available in the internet, and with the growing percentage increase of the internet users per month, he decided to create Amazon. He transformed the invention of the internet into the innovation of Amazon.

The ability to posses this characteristics is one of the qualities of a good entrepreneur.

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3 years ago

The present value of a single sum is: Select one: A. The amount that would be paid today to receive a single amount at a specifi

Marina86 [1]

Answer:

The correct answer is letter "A": The amount that would be paid today to receive a single amount at a specified date in the future.

Explanation:

The present value (PV) of a single sum tells us how much a future sum of money is worth today given a specified rate of return. This is an important financial concept based on the principle that money received in a specific time in the future is not worth as much as an equal sum received today.

8 0

3 years ago

The manager of a retail store notices that 7% of the inventory is missing. She doesn’t know if the merchandise was stolen, lost,

hodyreva [135]

Answer:

<u>(D) inventory obsolescence</u>

Explanation:

It is known as the phase where the inventory is at the end or final stage of its product cycle. This inventory can be sold or used for the long run and is then not expected or liable to be given or sold in the future by the company.

As she doesn't know whether the inventory is missing or does not know if it has been broken or stolen, she can note this down and thus can asset for the criteria following the valid integrity testing.

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3 years ago

Firm ABC sells 1000 units of widgets for $10 per unit per-week. Per-week it pays its employees $1500, rent $2000, materials $100

andrew-mc [135]

Answer:

Explanation:

7 0

3 years ago