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anzhelika [568]
3 years ago
6

How does an error that results in an overstatement of ending inventory affect the elements of the company's financial statements

in the current year? Assets = Liab. + Equity Rev. - Exp. = Net Inc. Cash Flow A. + NA + NA - + NA B. - NA - NA + - NA C. + NA + NA NA NA +OA D. + + NA NA + - +OA Multiple Choice Option A Option B Option C Option D
Business
1 answer:
Kruka [31]3 years ago
7 0

Answer:

A. + NA + NA - + NA

Explanation:

Since in the question there is an overstatement of ending inventory which affect the financial statements i.e increase in the gross profit due to which the net income is also increase that reflects the increment in the retained earning and the equity as well plus the asset side is also increased but it does not have any change in the cash flow statement as it does not involve any transaction of cash

Hence, the first option is correct

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You want to invest in a project in Canada. The project has an initial cost of C$828,000 and is expected to produce cash inflows
tamaranim1 [39]

Answer:

C$24,650

Explanation:

initial cost C$828,000

net cash flows for years 1, 2 and 3 C$355,000

discount rate 12%

the net present value in C$ = C$355,000/1.12 + C$355,000/1.12² + C$355,000/1.12³ - C$828,000 = C$316,964 + C$283,004 + C$252,682 -  C$828,000 = C$24,650

Since we are asked to determine the NPV in Canadian dollars, all we need to do is carry out the same calculations as if they were any other currency. We do not need to make any adjustments due to the exchange rate between US dollars and Canadian dollars.

8 0
3 years ago
(lavilla) lavilla is a village in the italian alps. given its enormous popularity among swiss, german, austrian, and italian ski
bonufazy [111]

The answer is <u>"120 skiers per day".</u>

On average, 1,200 skiers in the village

On average, skiers stay in lavilla for 10 days

how many new skiers are arriving = ?

Applying Little's Law,

Flow Rate = Inventory / Flow Time

= 1200 skiers / 10 days

= 120 skiers per day


4 0
3 years ago
Televisa, a Mexican media company, became the world's most prolific producer of Spanish-language soap operas owing to its expert
Archy [21]

Transfer company expertise to cross border markets and initiate actions to contend on an international level

Explanation:

There are different strategy in which the company employ to produce the major products many initiative will be taken by the company to produce a foreign market and to gain the viable strength

The Televisa company began to upgrade it's technology and the capabilities and they started to produce more in the foreign markets and then to gain the experience and build themselves strong in the foreign markets

3 0
3 years ago
You have found an asset with an arithmetic average return of 14.60 percent and a geometric average return of 10.64 percent. Your
Ksju [112]

Answer:

return of the asset =  13.94%

return of the asset =  13.11%

return of the asset = 11.46 %

Explanation:

given data

average return = 14.60 percent

geometric average return = 10.64 percent

observation period = 25 years

solution

we get here return of the asset over year  by Blume formula that is

return of the asset = ( T- 1 ) ÷ ( N - 1)  × geometric average + ( N -T)  ÷ ( N - 1)  × arithmetic average   ..................1

here N is observation period and T is time

put value in equation 1

return of the asset = \frac{5-1}{25-1} *0.1064 + \frac{25-5}{25-1} * 0.1460

return of the asset = 0.1394 = 13.94%

and

return of the assets = \frac{10-1}{25-1} *0.1064 + \frac{25-10}{25-1} * 0.1460

return of the asset = 0.13115 = 13.11%

and

return of the assets = \frac{20-1}{25-1} *0.1064 + \frac{25-20}{25-1} * 0.1460

return of the asset = 0.11465 = 11.46 %

6 0
3 years ago
In which part of a résumé would you mention the names and contact details of your previous employers?
S_A_V [24]

Answer:

work experience is the correct answer for PLATO

5 0
3 years ago
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