Answer:
The answer is: C) Net purchases plus beginning inventory equals merchandise available for sale
Explanation:
The best way to show how this equation works is by assigning values to the accounts;
- initial merchandise inventory was 2,000 units, at $10 per unit, total $20,000
- merchandise purchased was 4,000 units, at $10 per unit, total $40,000
How many units do we have available for sale, and at what cost?
We add initial merchandise inventory and merchandise purchased = 6,000 units at $10 per unit, total $60,000
Answer:
c. Offshoring.
Explanation:
Offshoring is the process by which an organisation relocates some of its business processes to another country. This is done to take gain a competitive advantage or to reduce cost. Operations such as manufacturing and accounting can be moved to another country.
Ernst & Young sets up operations in the Philippines and moves part of its tax services to the new facility to take advantage of the high quality talent pool there.
Answer:
A common workflow error that can cause duplicate expenses in QuickBooks Online is:
Duplicating any transaction.
Explanation:
The reason behind this is that duplicating transactions is very common because it might originate before the accounting process is made. It can be executed by any manager or someone in the resources acquisitions department. That is why the books have to be reviewed at two different moments from two different departments. Accounting first and then finance. To check that everything is correct.
The word is called Broadcasting.
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