Answer:
(b) Goods shipped on consignment to Logan Holdings Inc. on January 5.
(c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit.
Explanation:
Gato Inc. should include two items in its inventory. Good shipped on consignment to Logan Holdings Inc. should be included in inventory because this is transaction after the closing of December period. Goods shipped tp a customer on January 29 must also be included in the inventory because the goods are still in transit.
Answer:
Localized economics
Explanation:
Localized economics :
Localisation implies the grouping of a specific industry in a specific region, region or area. Localisation is identified with the regional division of work, that is, specialization by regions or areas.
A specific town or district will in general have practical experience in the creation of a specific item.
These are benefits for a firm got from the nearness of firms having a place with a similar industry in a region. Urbanization economies are those advantages acquired by a firm emerging from the size of a region and the decent variety of its economy.
Answer:
Analyze the risk
Explanation:
Risk management project risk has the following steps to minimize the risks -
a) Identifying the risks;
b) Analyzing the risks;
c) Evaluating the risks;
d) Treating the risks;
e) Monitoring and reviewing the risks.
Therefore, after identifying the risks, project managers analyze the risk to reduce the risks of the project. Analyzing the risks include recognizing the nature of the risk and difficulties faced by the risk to perform the project.
Answer:Quality control
Explanation:
The act of supervising all the jobs to achieve the desired excellence is termed as quality control. In general, its purpose is to identify the defects in a lot by checking a few items.
Every company device a method to identify the defects and thus eliminate the defects. Quality control team do not correct the mistake instead they notify another team to correct the defect.
Answer:
Explanation:
The construction of the simple income statement is presented below:
Sales revenue $1,000
Less: Cost of goods sold -$200
Gross profit $800
Less: Operating expenses
General and administrative expenses -$50
Depreciation expense -$150
Profit before tax $600
Less: income tax -$100
Net income $500
