Answer:
Dr Retained earnings $8.2
Cr Inventory $8.2
Explanation:
By changing method of an inventory valuation, the company should apply it retrospectively based on IAS 8 guidelines on change in accounting estimates and errors. Thus, the said difference from FIFO method to Weighted Average method of valuation should be credited directly against Retained earnings account because, accounts are already closed right after the year ended.
$32-$23.8= $8.2 million
To record the said adjustment you have to
Debit Retained earnings and credit Inventory in the amount of $8.2 million.
Answer:
This is a personal question man
Explanation:
Im sorry, but I can't answer personal questions
Sorry
Answer:
1. sufficient
2. performed; HDC; holder
Explanation:
The holder in due course which is popularly referred to as the HDC is a person who has been given an instrument that is negotiable and not overdue in any form. The instrument has also been given in good faith which shows that the instrument is in good working condition. The HDC is eligible to purchase the instrument in a value for value exchange form.
Answer:
a) functional planning
Explanation:
The functional planning is the planning that need to be done for each type of department so that the goals and the objectives of the company could be accomplish in a efficient and effective manner
Since in the question it is mentioned that the marketing manager have set a goal to rise the sales by 12% over the next three years so this represent that the manager is engaged in the functional planning
Answer with Explanation:
I would personally prefer a "weak" currency because <u>it will enable other foreign countries to enjoy Canadian exported goods.</u> Although a strong currency makes people enjoy <em>traveling abroad</em>, a weaker currency allows people to<em> enjoy local places, including local goods</em>. This will help Canadians develop love for their own country.
A weak currency also allows foreign countries to<em> enjoy the local goods of Canada, without stressing them on the price</em>. If many foreign countries will import goods from Canada, it will increase the market share of exports for Canada. This means that many companies will focus on exporting their goods, thus leading to increase job employments. <u>The economy will have the chance to boost.</u>