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Allushta [10]
4 years ago
5

Barin Retail Outlets incorrectly recorded inventory in 2016. Rather than recording ending inventory as​ $960,000, Barin's accoun

ting manager entered​ $690,000, understating ending inventory by​ $270,000. Barin's controller discovered the error in 2018. Prepare the journal entry necessary to correct the inventory​ error, ignoring any income tax effects.

Business
1 answer:
Dennis_Churaev [7]4 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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The industry that is the most recent target of deregulation is the
Ksju [112]

The industry that is the most recent target of deregulation is the "electric utility industry".

Electric deregulation is the way toward changing tenets and directions that control the electric industry to give clients the decision of power providers who are either retailers or dealers by permitting competition. Deregulation gives purchasers a choice with regards to their energy provider.

7 0
3 years ago
Brian Ferguson is a cashier at a 24-hour convenience store. He has worked the night shift for the last year and a half, and ofte
Bad White [126]

Answer:

Wages in Kind

Explanation:

The term that best describes Brian's actions would be Wages in Kind. This is because, Brian is taking the cases of beer and snacks as a form of payment. Regardless of whether he is right or wrong, Brian believes that he is being underpaid and in his mind taking these things is another form of payment as opposed to cash. Therefore, making up for the low wage that he is being paid and being a perfect example of wages in kind.

6 0
3 years ago
describe the efforts that local governments should make to increase local revenue from the tax sector!
Talja [164]

Answer:

I need help too, I'm about to fail this

5 0
3 years ago
An individual retirement account, or IRA, earns tax-deferred interest and allows the owner to invest up to $5000 each year. Joe
gavmur [86]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Jill:

Weekly deposit= $96.15

The number of weeks= 30*52= 1,560

Interest rate= 0.098/52= 0.00189

Joe:

Annual deposit= $5,000

Number of years= 30 years

Interest rate= 9.8%

To calculate the final value of Jill and Joe, we need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= weekly/annual deposit

<u>Jill:</u>

FV= {96.15* [(1.00189^1,560)-1]} / 0.00189

FV= $916,853.88

<u>Joe:</u>

FV= {5,000*[(1.098^30)-1]} / 0.098

FV= $791,953.50

7 0
4 years ago
Functions of Money Jeffrey has had a busy day. Today he went to a financial manager to begin planning for his son's future. He o
Novosadov [1.4K]

Answer:

Store of value.

Explanation:

In economics or financial accounting, money can be defined as any asset used by an individual or business entity to make purchases of goods and services at a specific period of time.

Simply stated, money refers to any asset which can be used to purchase goods and services by customers.

This ultimately implies that, money is any recognized economic unit that is generally accepted as a medium of exchange for goods and services, as well as repayment of debts such as loans, taxes across the world.

The three (3) main functions of money all over the world are;

I. Medium of exchange.

II. Unit of account.

III. Store of value.

In this scenario, Jeffrey went to a financial manager to begin planning for his son's future by opening a college savings account. Thus, this is is an example of a store of value because the purchasing power was transferred from the present to the future.

In conclusion, money being a store of value makes it possible to transfer purchasing power between traders and buyers from the present to the future.

5 0
3 years ago
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