Answer:
$5,000 ; $2,550
Explanation:
The computation is shown below:
For net income in year 1
= Reported net income + overstated inventory amount
= $3,000 + $2,000
= $5,000
For net income in year 2
= Reported net income - understated inventory amount
= $3,000 - $450
= $2,550
Therefore, the net income in Year 1 and in Year 2 is $5,000 and $2,550 respectively.
Decentralization or decentralisation is the process by which the activities of an organization, particularly those regarding planning and decision making, are distributed or delegated away from a central, authoritative location or group.
Answer:
The correct answer is A. Test.
Explanation:
A test is different from an experiment: Before performing a test, there is an expected result. The test is performed to show this result. In an experiment, the result is open. Very often, tests are performed as part of an experiment.
A credit to cash, a debit to sales returns and allowances, a credit to inventory, and a debit to cost of goods sold are all recorded.
Perpetual inventory, commonly referred to as continuous inventory, is an inventory management system that uses software to automatically and constantly record each stock movement (such as purchases, returns, consumptions, and write-offs), keeping the system current at all times.
This contrasts with the need to manually update the system on a regular basis when utilizing spreadsheets or paper-and-pencil alternatives.
Barcodes, POS systems, radio frequency identification, and real-time reporting are used by perpetual inventory systems like MRP, ERP, or WMS software to track inventory movements and build a virtual trail of each transaction occurring in the physical inventory. This makes it possible to perform extremely accurate real-time inventory accounting, giving the business a current cost of goods sold at all times.
To learn more about perpetual inventory system from given link
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Answer: detail oriented
Explanation:
From the analysis made in the question, we can deduce that Apple probably looks to hire people who are innovative and detail-oriented.
A detail oriented person pays attention to every little details and tries as much as possible to avoid mistakes and is very close to being described as a perfectionist.
