Answer
The correct answer is:
$16,600
Explanation:
The ending inventory is the total value of the inventory at hand, that was not sold for the year. To calculate this, we will subtract the total cost of goods sold from the total purchase. This is shown below:
Beginning inventory = $ 19,600
Purchased inventory = $ 233,000
Total inventory value in the year = $ 252,600
Cost of goods sold = $ 236,000
Therefore, Ending inventory = Total inventory value in the year - Cost of goods sold
= 252,600 - 236,000 = $16,600
Answer:
the balance in the Cash account should be C : $25,000.
Explanation:
Assets=(Liabilities+Owner’s Equity)
Assets= Cash+account receivable+Suplies+Equipment
Cash 25.000
Acoount Receivable 5.000
Supllies 12.000
Equipment 18.000
Assets 60.000
Account Payable 17.000
Liabilities 17.000
Stakholder equity 43.000
Equity 43.000
Liabilities+ Equity 60.000
Answer:
car production would decrease or slow down rapidly due to most car parts being made of steel, such as steering and suspension parts
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management.
<h3>
What is Risk management?</h3>
The process of discovering, evaluating, and controlling risks to an organization's resources and profits is known as risk management. These dangers can be caused by a number of things, such as monetary unpredictability, legal responsibilities, technological problems, strategic management blunders, accidents, and natural calamities.
In order to reduce, monitor, and control the likelihood or impact of unpleasant events or to optimize the realization of possibilities, risk management involves the identification, evaluation, and prioritizing of risks. This is followed by the coordinated and efficient use of resources.
By early risk identification, staff members can lessen the possibility and severity of prospective project risks. There will be a plan of action in place in case something does go wrong. Employees can do this to prepare for the unexpected and improve project results.
To learn more about Risk management refer to:
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