Renting provides _________ flexibility but can lead to ________

What is the main reason that improved human relations skills may improve your grades?

Oksi-84 [34.3K]

New skills in self-honesty will help your study habits.

4 0

3 years ago

True or false: a country is possibly overinvesting in human capital if the best job a ph.d. in philosophy can find is managing a

Alenkasestr [34]

I'm pretty sure it's False I hoped I helped you

7 0

3 years ago

Read 2 more answers

Blythe Industries reports the following account balances: inventory of $417,600, equipment of $2,028,300, accounts payable of $2

aleksley [76]

Answer:

$783,400

Explanation:

The total assets comprise of current assets, fixed assets ,and the intangible assets

The current assets include cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

So, the amount of the current assets is shown below:

= Inventory + cash + account receivable

= $417,600 + $51,900 + $313,900

= $783,400

The account payable is a current liabilities, Hence, we do not considered for the computation part

6 0

3 years ago

In 2018, the Barton and Barton Company changed its method of valuing inventory from the FIFO method to the average cost method.

Sati [7]

Answer:

In Barton and Barton Company's general journal, entry required include:

Debit Retained Earnings Account with $8.2 million

Credit Opening Inventory with $8.2 million

Being reversal of overstated inventory due to change from FIFO to Average cost method.

Explanation:

The debit entry to the Retained Earnings Account will reduce the balance by $8.2 million. The effect of overstating the closing inventory is overstatement of the net income because the cost of sales was understated as a result of the inventory overstatement.

The credit entry to the Opening Inventory reduces the balance to the new balance based on the average cost method of $23.8 million.

The FIFO cost method or First-In, First-Out method is an inventory costing method that assumes that goods that were bought first were the ones to be sold first. The inventory cost is therefore valued with the most recent quantity and cost price.

On the other hand, the Average Cost Method, also called the Weighted Average Cost Method, calculates the inventory cost by adding all the period's inventory and dividing it by the quantity for the period. This gives an average cost which is in turn used to multiply the quantity of inventory at the end of the period to obtain the inventory cost.

Both methods are estimates that produce different results and affect the reported net income differently. There is always the need for consistency in choosing the method to apply so that reported net income is not unduly distorted.

3 0

3 years ago

When you organize an analytical report indirectly, in what order should the ideas be presented?

iogann1982 [59]

Numerical order i think that's the right one i have no answer choices to look at<span />

8 0

3 years ago

Renting provides _________ flexibility but can lead to _________ costs in the long-term

Renting provides _ flexibility but can lead to _ costs in the long-term