I did not think this will happen nearly in future. Only one thing can Destroy this world and it is Nature.
Answer:
The year-end inventory in units = 27,400
Explanation:
total units in warehouse = 24,000
damaged units = 3,400
Purchased units = 2,400
consigned units = 4,400
The year-end inventory is calculated as follows:
Year-end inventory = total units in warehouse - damaged units + purchase units + consigned units
= 24,000 - 3,400 + 2,400 + 4,400 = 27,400 units.
<em>Please note </em>
<em>1. using Free on Board (FOB) shipping point agreement, the buyer claims ownership of the goods the moment it is shipped from the seller's shipping point, and is recorded as inventory even before it arrives at the buyer's receiving point.</em>
<em>2. consigned goods are goods that are part of inventory, but is located with a different distributor other than the owner of the goods.</em>
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Answer:
The correct answer is letter "B": journal to the ledger.
Explanation:
The activity in which accountants transfer information from the journals to the general ledger is called posting. By posting, only the balances are transferred to the general ledger, not individual transactions. There are no set intervals in which postings should be made. It depends on how often the activities of the company requests it.
Answer:
d. a multinational's home-country standards of ethics are the appropriate ones for companies to follow in foreign countries.
Explanation:
The righteous moralist will claim that ethical standards which are appropriate as per the multinationals home country should be followed in the companies that are situated in foreign countries. The managers who belong to developed nations will consider following this approach. Ethical standard are moral principles that preside over a person’s behavior and manner or a company's activities.