Answer and Explanation:
The effect of undervaluation of Inventory is shown below:-
Inventory Understated = Inventory counted + Correct value of inventory
= $545,000 - $554,000
= $9,000
Now, the effect of undervaluation of Inventory is
Cost of goods overstated by $9,000
Net income understated by $9,000
Retained earning understated by $9,000
Assets (Current assets - Inventory) understated by $9,000
Answer:
A. The first cash flow of an annuity due is made on the first day of the agreement.
G. The last cash flow of an ordinary annuity is made on the last day covered by the agreement.
Explanation:
The computation is shown below:
As we know that
Future value after 4 years is
= Annual deposit × Cumulative FV factor at 9% for 4 periods of an ordinary annuity
= $6,000 × 4.57313
= $27,439
Therefore the above statements are true and the same is to be considered
Hence, all other statements are incorrect
In the accounting cycle, the last step is to prepare a post-closing trial balance.
$0.05m + $50>55
0.05 per minute plus $50 per month for the plan less than $55
<h2>DVD or Portable hard disk or Pen drive would be the right choice to share the video files.</h2>
Explanation:
Dear Sir,
I have an eye-catching content for our local news paper. The content is about "Football game event" scheduled today. I have taken photos and videos pertaining to the event and I am sharing it in the form of "hard drive". The best photos and videos which would be apt for the news paper are selected and shared through hard disk. I hope it would be good resource. Kindly accept.
Regards,
(Name)
Evaluating options or pointers:
Photo / video should be neat and not shaky. You can share photos through google drive too if the size is reasonable.
Photos / videos should have been captured in such a way that it attracts readers and project the significant of the event.
Storage options: Listed in the first line.