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3 years ago

A business owner who wants to make adjustments to her company's production would make use

Business

1 answer:

damaskus [11]3 years ago

4 0

Answer:

Option A. Inventory accounting.

Explanation:

Inventory accounting refers to the kind of accounting which deals with the valuation and accounting for any type of change that may occur in inventoried assets.

A company's inventory is made up of the following:

- raw goods,

- in-progress goods, and

- finished goods that are ready for sale.

The goods listed above are in the three stages of production.

The purpose of inventory accounting is to attach a value to the items which exist in any of the three stages of production and therefore, record them as company assets.

Therefore, in the scenario given above if the business owner is to make any change to her company's production, she should make use of inventory accounting, because this is where a record of the materials for production is kept.

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32. How many significant accounting policies are listed under its Summary of Significant Accounting Policies

Gnom [1K]

Answer:

There are various significant accounting policies which are governed by IFRS and GAAP framework.

Explanation:

The significant accounting policies are revenue recognition, inventories accounting cost or NRV, Property plant and equipment, goodwill recognition and others. These policies are governed by accounting frameworks such as GAAP and IFRS. Both of these frameworks have differences in accounting treatment.

4 0

3 years ago

Chang and Smith Tours has the following balance sheets: 2018 2019 Assets Cash $209 $197 Accounts Receivable 684 726 Inventory 91

rusak2 [61]

Answer:

Chang and Smith Tours

The amount of net working capital for 2019 is:

$828.

Explanation:

a) Data and Calculations:

Chang and Smith Tours

Balance sheets: 2018 2019

Assets

Cash $209 $197

Accounts Receivable 684 726

Inventory 918 1,023

Net Fixed Assets 2,014 1,944

Total Assets $3,825 $3,890

Liabilities and Equity

Accounts Payable $748 $818

Notes Payable 306 300

Long-Term Debt 1,647 1,724

Stockholders' Equity 1,118 1,048

Total Liabilities and Equity $3,819 $3,890

Working capital:

Current assets:

Cash $209 $197

Accounts Receivable 684 726

Inventory 918 1,023

Less current liabilities

Accounts Payable $748 $818

Notes Payable 306 300

Net working capital $757 $828

b) The net working capital is the difference between current assets and current liabilities.

8 0

2 years ago

Elin owes floyd $10,000. floyd assigns the claim to gary. gary does not notify elin of the assignment. later, floyd assigns the

kykrilka [37]

Answer:A. Priority to payment in all states.

Explanation: "Assignment" is a legal or Business term used to describe the transfer of ownership of a particular asset or liability from a one person(assignor) to an another person(an assignee). THIS IS USED IN DIFFERENT FORMS IN BUSINESS, it CAN BE IN THE TRANSFER OF REAL ESTATES TO SHARES ETC.

IT IS EFFECTIVE IN LAW WHEN THE NOTIFICATION IS RECEIVED BY THE DEBTOR WHICH IN THIS CASE IS ELIN.

Priority to payment is to Holli in all the States.

8 0

3 years ago

(PLEASE ANSWER FAST!!) (13 POINTS)

suter [353]

Answer:

C. four years

Explanation:

hope this helps

7 0

2 years ago

Read 2 more answers

How would the number of firms competing in a particular market affect the likelihood that an exporter to that market would be ac

professor190 [17]

Answer:

We can assume companies form country A export to country B. Country B's economy is very large and many domestic and foreign firms compete in it. High levels of competition will eventually lower the costs of products sold in a market, so the products sold in Country B have relatively low prices.

In order for foreign companies to compete in country B's market they must have low prices. So companies from country A will sell its products in country B at low prices, increasing the possibility that the price of their exports are lower than their domestic prices (prices for their own country). Therefore the chance for a dumping accusation increases.

6 0

3 years ago