Answer:
The understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.
Explanation:
The relationship between the elements of inventory in a financial statement is as shown below,
Opening balance + purchases - cost of goods sold = closing balance
As such, the understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.
Answer:
Option D
Explanation:
This is the group whom the researcher wants to know more about and to draw inference from.
Answer:
issue guidelines for employer conduct in administering equal employment opportunity programs.
Explanation:
This act known as the The Equal Employment Opportunity Act was enacted to check discrimination and unfair treatment against minorities such as African Americans. This act has given the right to sue whenever any form of discrimination based on race, skin color, religious affiliation is found in the work place.
Therefore the correct answer is issue guidelines for employer conduct in administering equal employment opportunity programs.
Based on the labor hours and the overhead rate as well as the fixed cost, the total budgeted overhead cost will be $12,500.
<h3>What is the budgeted overhead cost?</h3>
This can be found as:
= (Variable cost per labor hour x Number of labor hours) + Fixed overhead cost
Solving gives:
= (20 x 600) + 500
= 12,000 + 500
= $12,500
In conclusion, the total overhead cost that would be budgeted is $12,500.
Find out more on budgeted costs at brainly.com/question/25406806.
Sorry but this is kind of confusing but can you plz help me with this math problem
Santa is trying to buy socks for all his elf helping the year. He went on Amazon and found a pack of 8 socks for $24. He wants to know what each socks cost to be able to write an equation, and later he wants to know how much 12 socks with cost him.
I need the Ratio, Unit Rate, C.O.P. And an equation
