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Sedbober [7]
3 years ago
14

Which statement is false? A) Taking a physical inventory involves actually counting, weighing, or measuring each kind of invento

ry on hand. B) No matter whether a periodic or perpetual inventory system is used, all companies need to determine inventory quantities at the end of each accounting period. C) An inventory count is generally more accurate when goods are not being sold or received during the counting. D) Companies that use a perpetual inventory system must take a physical inventory to determine inventory on hand on the balance sheet date and to determine cost of goods sold for the accounting period.
Business
1 answer:
Hatshy [7]3 years ago
3 0

Answer:

A) Taking a physical inventory involves actually counting, weighing, or measuring each kind of inventory on hand

Explanation:

The physical inventory involves an actual physical count only.  During the physical counting, the counter employs analytical procedures to verify that the actual physical account and the records in the financial statement match. The physical count may include a review of the company's inventory procedures.

The counting process follows some accepted best practices, which include.

  1. Two-person count teams
  2. Pre-numbered tickets and unique sequencing
  3. Halt issuing and receiving of products during the inventory count
  4. Separation of customer products
  5. A master count sheet that is controlled only by the manager of the inventory

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Answer:

Performance

Explanation:

The ultimate responsibility of the manager is to accomplish the high performance that represent the attainment of the organization goals via using the resources in a best way i.e. efficient and effective manner

So the responsibility of the manager is to accomplish the high performance so that the company could attain its goals and objectives

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Answer and Explanation:

The computation of annual dollar changes and percent changes for each of the following accounts is shown below:-

Particulars       2015         2014       Changes in dollar    Percent change

                           a             b               c = (a - b)                   d = c ÷ b

Short term    

investments $380,168   $239,377    $140,790                    58.82%

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4 0
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In what situations is top-down planning likely to be superior to bottom-up emergent strategy development
Marianna [84]

Answer is given below :

Explanation:

  • Both strategies aim to convey and process knowledge between and within the organization. The top-down approach for sub-categories to gain insights at the senior management level breaks down a system.
  • This is a great tool to help managers identify areas of improvement using quota and monthly matrix goals. There are flaws in this strategy, employees are not involved in the process and managers do not understand the full impact of the changes made.
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  • It works on the battlefield when there is no time to discuss or motivate employees. Top down is used when there is a slight change in environmental factors.
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