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Annette [7]
3 years ago
9

On December​ 31, Year​ 10, Brown Company changed its inventory valuation method from the​ weighted-average method to FIFO for fi

nancial statement purposes. The change will result in an​ $800,000 decrease in the beginning inventory at January​ 1, Year 10. The tax rate is​ 30%. The cumulative effect of this accounting change for the year ended December​ 31, Year​ 10, in the statement of retained earnings​ is:
Business
1 answer:
Butoxors [25]3 years ago
6 0

Answer: Overstatement of profit by $8000

Explanation:

The change in an accounting method of valuing stock which results in decrease in the value of stock will increase the profit when compared to the period before the method that decrease the stock was used. To effect the change a debit charge will be made to the retained earnings and a credit charge to the stock account to reduce the value.

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32. Peter must decide if he should add one more dog to his dog-walking business. What is this decision an
KengaRu [80]

Answer:

Explanation:

b. thinking at the margin

i think  because is is asking for what decision it is

hope this helps some

3 0
3 years ago
Cheyenne is a manager at her company. She listens to an employee, Enu, voice his opinion about a policy that he disagrees with.
erastova [34]

Answer:

professional benefits

Explanation:

Based on the information provided within the question it can be said that this is an example of the professional benefits of listening. Listening to others in the workplace can bring various benefits to the workplace because it allows problems to be voiced and solved which like demonstrated in the question allows for a more relaxed and efficient work team.

3 0
3 years ago
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A person is overweight (350 pounds) and desires to lose 10% of his body weight over 6 months. what is the total kcalorie intake
snow_tiger [21]

Total caloric restriction over 6 moths:

10%*350 pounds = 35 pounds.

35 pounds * 3,500 calories per pound = 122,500 total calories.

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If weigh loss period is 27 weeks, divide by total number of weeks:

122,500 calories/ 27 weeks = 4537 calories per week

and by number of days (27 weeks= 189 days)

122,500/189 = 648 calories per day

5 0
2 years ago
Applewood, Inc. has a contract with Marco's Electronics to sell Marco's 500 car audio systems at a price of $100 each. Applewood
Gekata [30.6K]

Answer:

Applewood can stop the shipment and have the goods returned (the right of stoppage of goods).

Explanation:

When the buyer becomes insolvent while the goods are in transit, and the goods have not been paid yet, then the seller has the right to stop the delivery and resume possession of the goods.

Applewood could also try to sue Marco for specific performance but considering their current position it might be useless and actually result in more money invested and larger losses.

5 0
3 years ago
Which explains a way banks channel money from savers to borrowers? (study island)
Andrew [12]
Banks lend money from saving accounts to people who need loans 
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