Answer:b. net income is overstated
Explanation:
The cost of inventory which is a constituent of cost of goods sold will have an impact on the income, an higher cost of inventory means low net income and lower cost of inventory means an higher net income. Therefore if the inventory is understated it leads to profit overstatement.
Net income will not be understated because a cost item has been understated but it will only be overstated, cost of merchandise sold is understated but this is the action and not the effect, merchandise on the balance sheet will be understated and not overstated.
Answer:
2. Google is an example for this type of business.
Explanation:
These terms (MIS, Value driven business, E-Business, and information security) are interlinked in today technological era of businesses.
As the example is given above about google, it is being explained right here.
As we all know google is a technology based organization which is working on the concept of Management information system. Its recent case study shows that how this organization is a value driven business.
Google actually, takes really care about its employees, it has all necessary facilities to offer for its employees such as on-site doctors, cafeteria led by famous chefs, so that means they are value driven business too.
it is also providing E-business facilities to other businesses. And its information security is one of the top on list.
Answer:
The answer is A.
Explanation:
Current liabilities are the total amount of money due within a period of s year. Current liabilities must be repaid within a year(less than 12 months.
Current liabilities in this question are:
Payable. $5,300
Unearned revenue $900
Sales tax payable. $3,700
Estimated warranty payable $900
Note payable due in 90days $1,300
Total. $12,100
$12,100 is therefore the total current liabilities
Gross Profit = Revenue - Cost of Goods Sold is the formula for calculating gross profit.
<h3>What is Gross profit?</h3>
Gross profit is the amount of money your company makes after paying its expenses. Your net profit is your earnings after all expenses have been paid. The money that remains after an organization has paid for the products and services it sold is known as gross profit. The amount that is left over after all costs and taxes have been paid is the company's net profit.
The profit a company makes after deducting all of the expenses involved to producing and offering its goods or services is known as gross profit. The cost of goods sold (COGS) is subtracted from your total sales to determine gross profit.
To learn more about Gross profit from the given link:
brainly.com/question/18567528
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Answer: E
Explanation:
Management by objectives is a strategic management model that aims to improve the performance of an organization by clearly defining objectives that are agreed to by both management and employees. According to the theory, having a say in goal setting and action plans encourages participation and commitment among employees, as well as aligning objectives across the organization.Management control can be defined as a systematic effort by business management to compare performance to predetermined standards, plans, or objectives in order to determine whether performance is in line with these standards and presumably in order to take any remedial action required to see that human and other .Management controls are used daily by managers and employees to accomplish the identified objectives of an organization. Simply put, management controls are the operational methods that enable work to proceed as expected. Most controls can be classified as preventive or detective.
