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romanna [79]
3 years ago
11

One of the disadvantages of the perpetual inventory system is the company's decreased ability to keep better records with respec

t to the quantity and cost of its inventory on hand at a given point in time.
A. True
B. False
Business
1 answer:
suter [353]3 years ago
8 0
True or false? You tell me cuz idk
You might be interested in
Which of the following business actions would likely result in criminal
kari74 [83]

Answer:

B. A waste removal company dumps garbage in a protected federal forest.

Explanation:

Businesses face prosecution when they indulge in actions which are illegal and unwarranted.

An utility company which goes into bankruptcy due it's inability to generate profit hasn't in any way wronged the government and will not be punished for going bankrupt.

Similarly, choosing one's supplier is by choice as long as one does not owe the supplier, changing one's supplier is a common business process due to numerous reasons and hence attracts no sanction.

Also, failure to honor accidentally printed coupons cannot be deemed a criminal offense, the company isn't defrauding their clients here, breach in firewall and testing, software glitches are common causes of such mistake. Hence, failure to honor such isn't a criminal act.

However, trespassing and violation of guidelines and regulatory laws will be deemed as criminal and approve sanctions. Ware removal companies have approved means and areas for disposing and getting rid of waste, Waste disposal in unapproved and reserved areas Wil attract sanctions.

5 0
3 years ago
Vito Co. had current assets of $9,000 and current liabilities of $6,000 at the end of the year. Net income during the year was $
Fynjy0 [20]

The current ratio for Vito Co. with respect to the period under review is 1.5

<h3>What is current ratio?</h3>

The current ratio, also known as the working capital ratio, measures the capability of a business to be able to meet its short term financial obligations.

The Current Ratio formula is

= Current Assets / Current Liabilities

= $9,000 / $6,000

= 1.5

Therefore, the current ratio for Vito Co. with respect to the period under review is 1.5

Learn more about current ratio here: https://brainly.in/question/45000916

5 0
3 years ago
Accounts receivable arising from sales to customers amounted to $40,000 and $55,000 at the beginning and end of the year, respec
Allushta [10]

Answer: The answer is e. $215,000.

Explanation: Based on the information provided in the question, see the cash flows statement below:

XYZ Cash Flows Statement

Net income                                                         $180,000

Increase in account receivable                           (15,000)

Increase in accounts payable                              50,000

Cash flows from operating activities             $215,000

  • Note that the purchase of equipment of $50,000 cash would not be considered under cash flows from operating activities but would rather be considered under cash flows from investing activities.
  • Increase in accounts receivable means outflow of cash while increase in accounts payable means non-payment of debt, that is, inflow of cash.
7 0
3 years ago
Read 2 more answers
The Thomlin Company estimates that total overhead for the current year will be $16,000,000 and that total machine hours will be
anzhelika [568]

Answer:

d. $80 per machine hours

Explanation:

The computation of the overhead rate is shown below:

Overhead rate = Estimated total overhead cost ÷ total machine hours

= $16,000,000 ÷ 200,000 hours

= $80 per machine hours

The overhead rate is come by dividing the estimated total overhead rate by the total machine hours

All the other information that is mentioned is not considered. Hence, ignored it

4 0
3 years ago
Nissley Wedding Fantasy Corporation makes very elaborate wedding cakes to order. The owner of the company has provided the follo
Lena [83]

Answer:

$230.02

Explanation:

Calculation for what amount would the company have to charge for the Tijerina wedding cake to just break even

Size related $69.16

($1.33 per guest × 52 guests)

Complexity-related $56.84

($28.42 per tier × 2 tiers)

Order-related $74.72

($74.92 per order × 1 order)

Cost of purchased decorations for cake $29.30

Total cost $230.02

($69.16+$56.84+$74.72+$29.30)

The amount that the company would have to charge for the Tijerina wedding cake to just break even will be $230.02

3 0
3 years ago
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