The renault nissan alliance is an example of a _______ created to gain economies of scope by sharing resources and capabilities

The Jackson Company incorrectly omitted $100,000 of merchandise from its 20X1 ending inventory. In addition, a merchandise purch

steposvetlana [31]

Answer:

4. understated by $64000

Explanation:

Purchase cost increases the cost of goods sold and reduces profit before tax (PBT) income.

Similarly, closing inventory balance increases profits before tax income.

In the given case, purchase cost is understated by $40,000 less $4000 i.e $36000. This would overstate the profits by $ 36000. Whereas, omission of closing inventory from records of $100,000 would understate profits by $100,000.

Thus, the net effect of the two mentioned omissions and errors would lead to understated profits by $100,000 less $36000 i.e by $64,000.

4 0

3 years ago

On-Time Delivery Company acquired an adjacent lot to construct a new warehouse, paying $40,000 in cash and giving a short-term n

Norma-Jean [14]

Answer:

See below

Explanation:

The cost of land to be included in the balance sheet would not only include the price paid to acquire the land but also include cost or revenue received in the process while also include all activities required to bring the land to the stage in which it may be ready for usage.

With regards to the foregoing, the cost of land to be included in the balance is is

= Cash paid + short term note + legal fee + delinquent taxes + Fees paid to remove old building from the land - sales of materials salvaged from demolition of the building

= $40,000 + $306,000 + $1,665 + $13,100 + $22,500 - $5,200

= $378,065

Therefore, cost of land to be included in the balance sheet is $378,065

3 0

3 years ago

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Dominik [7]

hi

have a great day

what is this??

8 0

3 years ago

Mcleod, Inc. incurred fixed costs of $ 400 comma 000. Total costs, both fixed and variable, are $ 450 comma 000 when 59 comma

shtirl [24]

Answer:

Unitary variable cost= $1.72

Explanation:

Giving the following information:

Mcleod, Inc. incurred fixed costs of $400,000.

Total costs= $450,000

Units produced= 59,000

First, we need to calculate the total variable cost:

Total variable cost= total cost - total fixed cost

Total variable cost= 450,000 - 400,000

Total variable cost= 50,000

Now, the unitary variable cost:

unitary variable cost= 50,000/29,000

unitary variable cost= $1.72

8 0

3 years ago

What is goal formulation?? explain the goal formulation process

seropon [69]

Answer:

Goal formation is a process of how a goal is initiated or added to, while goal displacement is a process whereby goals are shifted out, changed, toned down or removed from the original set.

7 0

3 years ago