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marta [7]
3 years ago
11

Assuming periodic inventory procedure, what effect would an understatement of ending inventory have on the different items on th

e financial statements?
Business
1 answer:
Serjik [45]3 years ago
5 0

Answer:

The understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.

Explanation:

The relationship between the elements of inventory in a financial statement is as shown below,

Opening balance + purchases - cost of goods sold = closing balance

As such, the understatement of the ending inventory balance would result in an overstatement of the cost of goods sold. This will in turn result in an understatement of the gross and net profits for the year in the p/l.

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When everyone correctly anticipates that the Fed will buy government securities, then they know that prices will increase. Which
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Answer:

C. Producers will prevent the price level from increasing and hurting their sales.

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When the FED buys securities from the public, the money supply increases and this raises the general price levels.

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3 years ago
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4 0
2 years ago
Read 2 more answers
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d. A randomized block design use packaging as a block. Randomly assign the nine combinations of three price levels and three packaging types, using combination

By utilising a randomised block design, market research can improve the accuracy of the study's findings. RBD The market research firm should conduct the study using the following design:

In a randomised block design, or RBD, experimental units are divided into equal-sized groups or blocks, and each group is then assigned a treatment at random. The information is shielded from outside influences in this way.

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brainly.com/question/14499443

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8 0
1 year ago
Refer to Pure Training, Inc. If clients (the business owners) were asking for workshops to allow their customers to listen to au
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