In verifying debits to perpetual inventory records of a nonmanufacturing firm, the auditor would be most interested in examining the <u> Vendors' invoices.</u>
Perpetual inventoryis a non-stop accounting practice that facts stock modifications in real-time, without the want for bodily stock, so the ebook stock accurately shows the actual inventory.
The maximum common perpetual inventory machine example is the use of wireless barcode scanners in a grocery keep. It information all scanned transactions at the device straight away as they occur. This way, firms can without difficulty compute the present day and required stockpile.
Perpetual inventory continuously tracks and records gadgets as they may be introduced to or subtracted from the stock. And it keeps tune of the fee of goods purchased and bought. physical stock makes use of a periodic agenda to manually matter and report items and hold song of the cost of what is offered and bought.
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Answer:
$1,700
Explanation:
Given that,
Purchase of raw materials inventory = $1,000
Assignment of raw materials inventory to Job 5 = $500
Payroll for 20 hours with $1,000 assigned to Job 5
Factory utility bills = $750
Overhead applied at the rate = $10 per hour
Cost assigned to Job 5 at the end of the week:
= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied
= $500 + $1,000 + ($10 per hour × 20 hours)
= $500 + $1,000 + $200
= $1,700
The correct answer is Overconfidence bias
Explanation:
Overconfidence bias is the result of an excessive and unrealistic estimation of one's skills, knowledge, ideas, etc even to the point the individual considers himself better than others or does not have an objective perception about himself. This type of bias can lead to negative consequences, for example, by overestimating his ability to pass a test a student might choose not to study at all and then fail the test. Moreover, this can be avoided by assessing realistically one's skills, judgments, etc. According to this, the type of bias that can be avoided is overconfidence bias.
In an Italian leather goods company, all the top management positions in international operations are held by Italian nationals The staffing policy followed by this company is push strategy.
Italian leather-based is called the very excellent withinside the leather-based industry. This is the end result of its lineage and steady first-rate. In the style industry, luxurious manufacturers like Gucci and Louis Vuitton best use Italian leather-based due to the fact it's far recognizable as a mark of first-rate Cheaper leather-based objects are crafted from vera pelle or vero cuoio, frequently inclusive of layers of low first-rate leather-based glued collectively and dyed to resemble extra prized.
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