Answer:
Overstatement of revenues and receivables and an understatement of inventory.
Explanation:
Invoicing in different occasions could be done for the case of inventory and reference purposes in the hands of both the salesman and buyer. Therefore on the case above, inadequate control could possibly cause overstatement of revenues and receivables and an understatement of inventory. It is also been observed that the sales invoice provides the seller with a record of what has been sold, whether the said transaction has been carried out or not and how much money is involved. This information is useful for internal company records and also to follow up with buyers for billing purposes.
Answer:
The 2019 cash flow to creditors is $3,800
Explanation:
The computation of the cash flow to creditors is shown below:
= Interest expense - ending balance of long term debt + beginning balance of long term debt
= $13,300 - $9,500 + $0
= $3,800
Since beginning balance of long term debt is not given so we assume zero amount.
The other items which are mentioned in the question are not being considered in the computation part. hence, these part are ignored
Answer:
The depreciation expense for Year 1 under units of production method is $5200.
Explanation:
The units of production method of depreciation charges the depreciation expense based on the activity level for which the asset was used during a period. There is an estimated useful life of the asset in terms of how many units it is expected to produce through out its useful life. The formula for units of production method of depreciation is,
Depreciation charge per unit = (Cost - Salvage value) / Total estimated useful of asset in units
Thus, per unit depreciation is = (30000 - 6000) / 60000 = $0.4 per mile
In the first year, the asset is used for 13000 miles so depreciation expense for the year is,
Depreciation expense Year 1 = 0.4 * 13000 = $5200
Answer:
99 items
Explanation:
Total number of items = 6,800
The number of items per type is:
The number of items of each type counted per day is:
The total number of items counted per day is:
The majority of nations, including India, do not have special laws safeguarding trade secrets, in contrast to other intellectual property rights like patents, trademarks, and copyrights. To safeguard trade secrets, the parties usually depend on contract law or the theory of misappropriation.
<h3><u>The points explaining TCS Scenario:</u></h3>
- Rapid product development in workplaces and workshops designed in the manner of Silicon Valley helps customers of TCS Digital Reimagination Studio to utilize the advantages of digital technology.
- These workspaces and workshops foster creativity and extremely agile cooperation.
- The fundamental elements of IP governance must be understood and used by TCS workers. Your access must be immediately terminated.
- This protection is only available through patents and utility models. Another party who rightfully created the necessary knowledge, such as B. Independently created inventions, may patent a trade secret. Once the secret is revealed, anybody can utilize it anyway they choose.
- Trade secrets are proprietary knowledge that has intellectual property (IP) rights that may be sold or licensed.
- Generally speaking, for something to be deemed a trade secret, it must: be financially valuable due to its secrecy; be known exclusively by a small group of individuals.
To view similar question about Customer Ip, you can refer to:
https://brainly.in/question/43521181
#SPJ4
