Answer:
Income +/- inventory adjustment
2015: 138,000 - 23,000 = 115,000
2016: 254,000 + 61,000 = 315,000
2017: 168,000 + 17,000 = 185,000
Explanation:
<u>Inventory Identity:</u>
Beginning + Purchases = Ending + COGS
As the mistake is on the right side it compensates by the other component which is COGS
<u><em>When the inventory is overstated</em></u> this means COGS is understated.
We didn't record the cost of good sold thefore our gross profit is higher making the net income higher.
<u><em>When the inventory is understated</em></u> this means COGS is overstated.
We record more cost of goods sold thefore our gross profit is lower making the net income fewer as well.
Answer: Please refer to Explanation
Explanation:
1. Inflationary Gap.
Due to the availability of more disposal income due to tax cuts, more amount is being spent on consumption leading to a rise in actual GDP which is more than the potential GDP as the economy has not adjusted.
2. Output Gap.
This is the difference between the Actual GDP and the Potential GDP.
3. Demand Shock
This increases or reduces Aggregate Demand due but only temporarily.
4. Recessionary Gap.
This is where actual GDP falls below Potential GDP.
5. Supply Shock.
Like a demand shock, it suddenly increases or reduces the supply of goods and services. It is temporary as well.
6. Self Correction
Economists believe that in the long run, the Economy is capable of adjusting to shocks and returning to it's potential and natural levels.
Answer: the highest of the minimum wages.
Explanation:
The company will have the pay the minimum wage that is the highest because they are under the authority of all three governments and paying the highest minimum wage would ensure that they automatically follow the minimum wages set by the other two authorities.
For instance; the federal minimum wage is $7.25 per hour, the state minimum wage is $10 per hour and the city minimum is $12 per hour. When the company pays $12 an hour, they would be adhering to the city minimum and automatically adhering to the Federal and State minimums as well.
Key indicators of the growing importance of sustainability in managing an organization include:
- Shareholder pressure on corporations
- worldwide safety issues
- climate change
The definition of employer refers to the act of placing matters right into a logical order or the act of taking a green and orderly approach to obligations, or a group of humans who've officially come collectively. When you ease up your desk and document all of your papers into logical spots, this is an instance of organization.
Three styles of groups describe the organizational systems which can be used by maximum organizations today: useful, departmental, and matrix. every of those forms has benefits and drawbacks that owners need to consider before finding out which one to enforce for his or her commercial enterprise.
You may grow your productiveness. By preserving prepared, you may keep time seeking out things and could have more time to paintings on critical tasks. As corporation can improve the glide of conversation between you and your crew, you can additionally make your group greater effective.
Learn more about organizations here brainly.com/question/1190099
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Answer:
The answer is A.
Explanation:
Other things remaining equal, the law of demand says that the higher the price, the lower the quantity demanded and the lower the price the higher the quantity demanded.
Suppose a good is being sold at $5 and 20 quantities are being demanded, if the price increases to $6, lesser of that goods should be demanded
