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
natka813 [3]
3 years ago
14

If a physical count of inventory indicates that the Merchandise Inventory account is​ overstated, an adjusting entry is required

to record the difference. Assume a perpetual inventory system is used.
True or False?
Business
1 answer:
ikadub [295]3 years ago
4 0

Answer:

The correct answer is True.

Explanation:

Once you count all the products in the inventory once a year, you may have decided to count some products more frequently, perhaps because they are more valuable or because they fluctuate very quickly and form a large part of the business. To this end, you can assign special count periods to those items. For more information, see Perform the cyclic count.

If it is necessary to adjust the recorded inventory quantities, for counting or other reasons, you can use a product journal to change the inventory accounting entries without recording business transactions. Alternatively, you can adjust a single item on the item card.

If you need to change the attributes of the product accounting entries, you can use the product reclassification journal. Typical attributes to reclassify include dimensions and campaign codes, although it also performs "system transfers" by reclassifying location and warehouse codes. Special steps apply when you want to reclassify serial or lot numbers, and their expiration dates.

You might be interested in
How do the elements of the marketing mix work together to help create a<br>marketing strategy?​
alex41 [277]

Answer:

The marketing mix refers to the actions a company takes to market its product(s) and/or service(s). Typically, it acts as a framework for breaking down the four key components of marketing — product, price, place, and promotion.

Explanation:

4 0
2 years ago
All of the following are current focuses of ai research except? perception.cognitive surplus.knowledge representation.natural la
egoroff_w [7]

All of the following are current focuses of ai research except cognitive surplus. Thus, option B is correct.

<h3>What is AI research? </h3>

With an emphasis on automating investigation methods from creating a theory to carrying out trials, the use of AI throughout research must have significantly increased.

The AI research all included perception, knowledge representation, and natural language processing.

A person's cognitive surplus is indeed a combination of their attention, effort, ingenuity, and charity, which promotes efficiency, innovation, and cooperation with in technology world. Therefore, option B is the correct option.

Learn more about  AI research, here:

brainly.com/question/14340459

#SPJ1

7 0
1 year ago
QRC Company is trying to decide which one of two alternatives it will accept. The costs and revenues associated with each altern
dimulka [17.4K]

Answer:

$60,000

Explanation:

Data provided for calculating the differential revenue is here below:-

Projected revenue A revenue = $180,000

Projected revenue B revenue = $240,000

The computation of differential revenue is shown below:-

Differential revenue = Projected revenue B revenue - Projected revenue A revenue

= $240,000 - $180,000

= $60,000

So, for computing the differential revenue we simply applied the above formula.

4 0
3 years ago
An electronics store wants to clear the warehouse of all television models
Assoli18 [71]

Answer:

$600

Explanation:

just took the test

8 0
2 years ago
During inflationary periods, assets such as TIPS, gold, and real estate are used as _____________ hedges. Money demand will decr
noname [10]

Answer:

Inflation; decrease.

Explanation:

An inflation can be defined as the sustained or persistent rise in the prices of goods and services at a specific period of time. Also, an inflation hedge refers to the investment that are used to protect the eroding purchasing power of a currency (money) as a result of a persistent increase in price level due to inflation.

During inflationary periods, assets such as TIPS, gold, and real estate are used as inflation hedges.

Additionally, money demand will decrease when interest rates, payment technology, inflation risk, and the liquidity of other assets decrease. This simply means that, the desired holding of financial assets in the form of money (monetary value) is dependent on factors such as interest rates, inflation risk, payment technology etc.

5 0
3 years ago
Other questions:
  • Nanda is “sharing” the news that a co-worker is going through a divorce. The news get to the manager and as a result, someone wi
    12·1 answer
  • What's going on here? As soon as Dewey Cheatum and Howe Motors increase the prices on their SUVs, then so does their only compet
    11·1 answer
  • Moyas Corporation sells a single product for $20 per unit. Last year, the company's sales revenue was $300,000 and its net opera
    10·1 answer
  • Abe owns a dog; the dog's barking annoys Abe's neighbor, Jenny. Suppose that the benefit of owning the dog is worth $200 to Abe
    5·2 answers
  • A petty cash fund of $100 is replenished when the fund contains $14 in cash and receipts for $94. The entry to replenish the fun
    13·1 answer
  • "In the context of goal-setting theory, _____ is information about the quality or quantity of past performance and indicates whe
    6·1 answer
  • In​ 2016, global revenue for Amazon was​ ________ when measured in local currencies than it was when measured in dollars. This o
    11·1 answer
  • Fabtabtix, a designer clothing brand, has been selling clothes in the country of Grolania for over 30 years. With more number of
    10·1 answer
  • When using the gross method, the journal entry to record taking a discount when paying for goods previously purchased on account
    13·1 answer
  • If the price is raised to $7, what would be the result in the market place? (Surplus, Shortage, or Equilibrium).
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!