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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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Sheridan considers herself a religious person who attends worship services regularly, but she did not attend worship services fo
shusha [124]

The answer is: averaged over time, Sheridan attends worship services regularly.

When we use principle of aggregation, we would not rely on single measurement to make a representation of a person's behavior. We rely more on multiple sets of measurements.

From the case above, Sheridan not attending the services for two weeks could be explained by things such as personal issues or physical illness. Since she considers herself as religious who attend regularly, it is very likely that averaged over time, Sheridan attends worship services regularly.

8 0
3 years ago
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MC Qu. 152 Adams Manufacturing allocates... Adams Manufacturing allocates overhead to production on the basis of direct labor co
MAXImum [283]

Answer:

$1.60 per direct labor hour

Explanation:

Overhead application rate = Budgeted Overheads ÷ Budgeted Activity

hence,

Overhead application rate  = $364,800 ÷ $228,000

                                             = $1.60 per direct labor hour

6 0
3 years ago
Which of the following is NOT considered to be one of the three primary functions that all organizations​ perform? A. research a
ra1l [238]

Answer: The correct answer is "A. research and development".

Research and development are <u>NOT</u> considered as one of the three primary functions that all organizations​ perform.

Explanation: The basic operating cycle of a company is buy-sell-collect-pay. In some cases, companies can produce the good they sell or directly re-sell it. This implies production, operation and marketing activities to increase sales and for an adequate control of these you need accounting.

Only in particular cases do companies engage in research and development, but it is not something basic.

4 0
4 years ago
During 2018​, Doug incurs the following deductible​ expenses:
Alexus [3.1K]

The amount of Doug's taxable income is <u>$27,700</u>.

<u>Explanation</u>:

<u><em>GIVEN</em></u>:

AGI = $35,000

State income​ taxes = $2300

Local property taxes = $3000

Medical expense = $800

Charitable contribution = $2000

Total deduction amount= State income​ taxes+Local property taxes+Charitable contribution

                                        = 2300+3000+2000

                                        = $ 7300

Total deduction amount= $7300

Taxable income= $35000- $7300

                         = $27,700

The amount of Doug's taxable income is <u>$27,700</u>.

3 0
3 years ago
Which Energy career pathways work with renewable energy? Check all that apply.
Andre45 [30]
Energy Transmission, Energy Distribution, Energy Conversion, and Energy Analysis.
5 0
3 years ago
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