Answer:
False
Explanation:
The change in inventory balance in a period is usually due to purchases and sales. The period opening and closing balances are connected as such;
Opening balance + purchases - cost of goods sold = ending balance
Hence overstating the ending balance results in an understatement of cost of goods sold thereby resulting in an overstatement of net income and retained earning.
The retained earnings is a component of the stockholder's equity hence it is overstated as well. Inventory is an asset, so overstating it is equivalent to overstating the assets balance.
Answer: a. I, II and III are true
Explanation:
From the question, the statements that are true are:
I. 4% is the desired real rate of interest. II. 6% is the approximate nominal rate of interest required.
III. 2% is the expected inflation rate over the period.
4% is the desired real rate of interest because that's the rate at which the investor is willing to buy the goods in future.
2% is the expected inflation rate over the period because at that rate, there's expectation of future rise in price while 6% is the approximate nominal rate of interest required which is the addition of the 4% and the 2%.
Yes social media videos are a good way to market yourself if you do it the right way. If you put a caption with your website and have a video which is interesting about whatever you need marketed then people will probably not exit out. It is all about approach.
If you're doing it for an assignment change the wording other wise hoping ti helps
Answer:
$478,000
Explanation:
Purchase inventory = cost of goods sold + ending inventory - beginning inventory
Purchase = (445,000 + 76,000) - 43,000 = $478,000
Answer:
The asset would have been overestimated
Explanation:
An inventory account deals with assigning values to all the items or goods that are involved in the production process ranging from raw goods, processed goods to market-ready goods.
<em>An inventory represents an asset to a company. Hence, the presence of empty boxes in the storeroom if otherwise taken as full boxes will lead to an overestimation of the asset unless they are discovered.</em>
