1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
anyanavicka [17]
2 years ago
11

Q 6.26: Howard Incorporated is determining ending inventory. In the inventory process, Howard inadvertently miscategorized a $6,

000 shipment of FOB destination goods in transit from a supplier as FOB shipping point. How will this miscategorization impact Howard’s total inventory?
Business
1 answer:
Fudgin [204]2 years ago
5 0

Answer:

This error will decrease Howard's inventory by $6,000

Explanation:

Howard's inventory should include:

inventory on hand + goods purchased FOB shipping point + goods sold FOB destination point.

FOB shipping point means that the title of the goods is passed at the moment that they leave the seller's warehouse. FOB destination point means that the title of the goods is passed only after they have been delivered to the buyer's warehouse.

In this case, Howard purchased goods as FOB shipping point, so that means they should have been included in their inventory. Since they weren't, this error will decrease its inventory by $6,000.

You might be interested in
Allstate shipping body forklift for $20,000. It is expected to have a five-year useful life and trade in value of $2,000. Prepar
timama [110]

In order to calculate the depreciation using the double declining balance method you must first calculate the amount of depreciate using the straight line method. After you calculate it by the straight line method, you simply need to double it for this this problem.

The original price is $20,000, and then subtract the $2,000 estimated trade in value and the answer is $18,000. This is the amount that you need to depreciate.

Straight line method: $18,000 divided by the 5 year useful life = $3,600 per year.

Double declining balance = $3,600 x2 = $7,200 per year depreciation.

Year Depreciation Amount

1 7,200

2 7,200

3. 3,600

3 0
3 years ago
Chicken and tuna fish are substitutes in consumption. Suppose that new technology decreases the cost of catching tuna. This woul
mihalych1998 [28]

Answer:

B. a decrease; a decrease

Explanation:

Substitutes' goods are products that can be consumed in place of each other.  If one product is missing, consumers will be ready and willing to buy its substitute. An increase or fall in the price of a good or services will cause the demand for its substitute to move in the opposite direction.

Equilibrium quantity is when supply matches the demand. If the price of Tuna fish decreases, its demand will increase as more customers will afford it. Tuna and chicken are substitutes, should the price of Tuna decrease,  customers will prefer to consume Tuna over chicken.  Consequently, the demand for chicken will reduce w leading to a decrease in its price.

6 0
2 years ago
Company A has a beta of 0.70, while Company B's beta is 0.80. The required return on the stock market is 11.00%, and the risk-fr
alina1380 [7]

Answer:

the differene in the required rate of return of eahc company is 0.675%

Explanation:

we solve using the CAPM method:

Ke= r_f + \beta (r_m-r_f)  

risk free 0.0425

market rate 0.11

Company A

beta(non diversifiable risk) 0.7  

Ke= 0.0425 + 0.7 (0.0675)  

Ke 0.08975 = 8.975%

Company B

beta(non diversifiable risk) 0.8

Ke= 0.0425 + 0.8 (0.0675)

Ke 0.09650 = 9.65%

difference: 9.65% - 8.975% =  0.675%

5 0
3 years ago
To determine whether their employees are doing their jobs efficiently and effectively, managers use:_______
statuscvo [17]

In order to find out if employees are doing their job as they should in an efficient and effective manner, managers use performance management.

<h3>What is performance management?</h3>

This refers to anything that employers do in order to find out how employees are doing as regards helping the company to meet its organizational goals.

These methods go beyond trying to find out how employees are doing as regards work, but also tries to suggest ways that the employees can get better at what they do.

In order to do this, the employees need to be monitored and the process they use to go about their jobs need to be studied. They are then juxtaposed with industry best practicies to make them better.

Performance management is therefore hugely important in companies as it ensures that they meet organization objectives.

In conclusion, this is performance management,

Find out more on performance management at brainly.com/question/24673911

#SPJ1

7 0
2 years ago
Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity
Leviafan [203]

Answer:

Appreciate more

Explanation:

Suppose an increase in the demand for dollars has caused an appreciation of the dollar. According to the purchasing power parity theorem, the value of the dollar in the future will appreciate more. This is because the shift in demand and supply will cause an increase in the value of the dollar. Purchasing power parity (PPP) is a theory which states that exchange rates between currencies are in equilibrium when their purchasing power is the same in each of the two countries.

4 0
3 years ago
Other questions:
  • Windsor Inc. issues 500 shares of $10 par value common stock and 100 shares of $100 par value preferred stock for a lump sum of
    11·1 answer
  • Union Pacific Railroad reported net income of $770 million in 1993, after interest expenses of $320 million. (The corporate tax
    15·1 answer
  • Which domain is the most common and reserved for commercial organizations and businesses?
    8·1 answer
  • Globalization is:
    11·1 answer
  • Collins Inc. is investigating whether to develop a new product. In evaluating whether to go ahead with the project, which of the
    8·1 answer
  • White Company has two departments, Cutting and Finishing. The company uses a job-order costing system and computes a predetermin
    6·1 answer
  • Joshua is 25 years old and has a high risk job making $72,000 a year. The insurance company charges him an extra 20% on top of h
    10·1 answer
  • Bolivia has about 50% of the world's reserves of lithium. It is also a major producer of zinc. Suppose that Bolivia produced onl
    14·1 answer
  • The first step in strategy implementation involves articulating in simple language what a particular business must do to create
    7·1 answer
  • Complete the following table of basic calculations. For Percent Contribution Margin, use MC. Round to table standard.
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!