Answer:
Cost of goods sold will be overstated by $10,000
Net income will be understated by $10,000
Explanation:
The movements in inventory account can be shown as
Opening balance + purchases - cost of goods sold = ending balance
As such, understating the ending balance would result in an overstatement of cost of goods sold. This will in turn result in an understatement of gross and net income.
Answer:
18.18%
Explanation:
Income = Coupon amount over the period of holding
Income =($1000*8%)*5
Income =$400
Capital gain/(loss)=Sale price - Purchase price
Capital gain/(loss)=$900 - $1100
Capital gain/(loss)=-$200
Total percentage return=[(Income+Capital gain)/Purchase Price]*100
=[$400+(-$200)]/$1100]*100
=[$200/$1100]*100
=18.18%
Scala naturae was consistent with The Old Testament.
<h3>
What is Scala Naturae ?</h3>
In order to organize everything in the natural world, both living things and non-living things, Aristotle created the Scala Naturae ("Natural Ladder"). In his Scala Naturae, Aristotle depicted a continuum between "lower" and "higher" kinds of substance.
The species cannot move around on the ladder since everything has its place. This suggests that species are unchangeable.
Humans are the only species that can reason logically, according to Aristotle, who placed them above all other species. Plants and minerals cannot move, although both humans and animals can. Minerals cannot develop and reproduce like people, animals, or plants can.
To know more about Scala Naturae, visit
brainly.com/question/18453911
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The basic science process skills include the following: observing, inferring, measuring, communicating, classifying and predicting.
When these skills are well developed in a scientist, such a scientist will be able to identify variables, formulate hypothesis, interpret data, conduct experiment and formulate models.<span />
Answer:
12.18%
Explanation:
Company selling price in US = $55,000
(which is equal to price with 20% margin)
= 27,363 pounds × $2.01
= $55,000
Now the exchange rate increased to $2.15 per pound,
so here the manufacturing cost of the car will increase according to the increase in the exchange rate.
The selling price remains constant, then the profit margin is as follows;
Manufacturing cost of the car = 22,803 pounds × $2.15
= $49,026.45
Selling price = $55,000
Profit margin:
= Selling price - Manufacturing cost
= 55,000 - 49,026
= $5,973.55
Margin percentage = Profit margin ÷ Manufacturing cost of the car
= $5,973.55 ÷ $49,026.45
= 12.18%
