Answer:
a. An audit adjustment is needed since the best case scenario, where the net realizable value is highest would result in $92,000 - $5,000 = $87,000.
b. the value of inventory must decerase by $99,000 - $87,000 = $12,000, so COGS must increase by that amount:
Dr Cost of goods sold 12,000
Cr Merchandise inventory 12,000
Answer:
c.
6.1 percentage points.
Explanation:
Ratio shows proportion of a number to other number or sum of all the numbers. Percentage is a ratio which is expressed as fraction of 100.
Human Life Worth = $9 million = $9,000,000
Spending on Fighting initiative = $550,000
Take ratio of spending by the worth of human life
Ratio = Spending / Worth = $550,000 / $9,000,000 = 0.061 = 6.1%
It reduces the risk of someone dying from crime by at least 6.1%.
Answer: targeted use of open market operations in which a central bank targets certain markets
Explanation:
Quantitative easing is referred to as the targeted use of the open market operations whereby a central bank targets certain markets.
Quantitative easing (QE) is a form of monetary policy whereby the central bank buys securities from the open market so as to enable a scenario where there'll be a rise in the money supply and also encourage investment and lending in the economy.
Answer:
It is good field practice to double-check and possibly triple-check the <u>location</u> decision, since the cost of repairing an improperly cut roof can be very high
Explanation:
Location decision can be described as the process of selecting a business location. Its major goal is to select the best options from a variety of options.
How easy or difficult it is for customers to reach a business is the most crucial factor that influences the success of a business. Customers frequently abandon businesses that are difficult to reach. Again, it is important to think about the target clients of the business and choose a location that will make it easier for them to locate the business.
Therefore, it is good field practice to double-check and possibly triple-check the <u>location</u> decision, since the cost of repairing an improperly cut roof can be very high. This implies the negative effect of a bad location decision may be too high for the business to bear.
