Answer:
C. Net income and stockholders' equity are both overstated.
Explanation:
In the income statement , ending inventory is deducted from the addition of the beginning inventory and net purchases to arrive at the cost of goods sold. Therefore, the cost of goods can be stated as an equation stated as follows:
Cost of goods sold = Beginning inventory + Net purchases - Ending inventory
From the above equation, it can be observed that if the ending inventory is overstated, cost of goods sold will be understated by that amount.
Since gross income is determined by deducting cost of goods sold from the net sales, an understated cost of goods sold will result in an overstated gross income and subsequently overstated net income.
Since net income is one of the components of the stockholders' equity, an overstated net income will leads to an overstated stockholders' equity.
Therefore, the correct option is C. Net income and stockholders' equity are both overstated.
Answer:
Bob's predetermined overhead rate = 9.91
Explanation:
Calculation for predetermined overhead rate
Predetermined overhead rate = Estimated (Budgeted) Overhead Expense / Estimated Direct Labor Hours
Predetermined overhead rate = 110917 / 11198
Predetermined overhead rate = 110.917 / 11.198
Predetermined overhead rate = 9.91
answer:
a: classes you have taken
b: job or volunteer experience
e: software skills
g: leadership skills
Answer:
1.Reduce time to hire.
2.These disadvantages of external recruitment make a clear distinction between its limitations and it will also provide beneficial knowledge about the techniques of an external recruitment process.
a formal account of an employee's responsibilities.3.
Explanation:
Answer:
$186,409.7
Explanation:
The computation of the issue price of the bond is shown below:
Cash flows Amount PVF Present value
Semi annual Interest $,7000 13.59033 $95.132.31
Maturity value $200,000 0.456387 $91,277.4
Price of bonds $186,409.7
The number of years is 20
And, the rate of interest is 4%
And please refer to the present value factor table
