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Answer:
The $60,000 amount of inventory will be included in the consolidated balance sheet immediately following the acquisition
Explanation:
According to the accounting principles, the inventory is recorded at the cost or fair market value whichever is lower.
The inventory balance which is given in the balance sheet is $75,000
And, its fair market value is $60,000
So, the inventory would be recorded at 60,000
The other items which are given in the question are irrelevant. Therefore, we don't consider them in the computation part. Thus, we ignored them.
Hence, the $60,000 amount of inventory will be included in the consolidated balance sheet immediately following the acquisition
Answer:
Quality control
Explanation:
Quality control is a system of maintaining quality by periodically testing a sample of the output to ensure that is within the specifications.
Answer:
$7,167
Explanation:
Assets are resources held by an entity as a result of a past event, for which future economic benefits will flow to the entity. it is further classified as current and non-current.
Examples include inventory, cash, accounts receivable, Fixed assets or Property plant and Equipment.
Given
Inventory = $1,378
Net fixed asset = $4,827
Accounts receivable = $664
Cash = $298
Total assets = $1,378 + $4,827 + $664 + $298
= $7,167
The correct answer is - allows managers to use the normal distribution as the basis for building some control charts.
<u>Explanation:</u>
It is the theorem that allows inference from a random sample. It says that:
• The sample mean will likely be towards the population mean within a margin of error
• The margin of error is a multiple of the standard error, which is the standard deviation divided by the square root of the sample size. The multiple is determined by the degree of statistical confidence you’re looking for, and the normal deviate corresponding to that — 1.65 for 90% confidence, 1.96 for 95% confidence, etc.