Answer:
The answer is stockholders' equity is overstated
Explanation:
When inventories are overstated it reduces the cost of sales because the excess inventory in accounting records means the ending inventory will be higher and cost of sales will be lower.
When ending inventory is overstated, total assets and retained earnings will be overstated. And when retained earnings is overstated, stockholders' equity is also overstated because retained earnings is a line item under stockholders' equity.
Answer:
The gap between product design specifications and actual performance of the product.
Explanation:
The term performance quality refers to the gap between product design specifications and actual performance of the product.
This ultimately implies that, a performance quality refers to a measure of the level at which the primary characteristics of a product that is being manufactured by a producer operates. Therefore, all the elements of the commitment made in a product that is to be sold to consumers by the producer is the performance quality of a product.
Hence, business firms or companies should endeavor to design a level of performance that is appropriate, effective and efficient to their customers, so as to increase the customer's level of satisfaction and enhance the chances of them using the product in the future.
So the answer of the question is a
A.incrased
Answer:
The correct option is C,sales budget, direct material purchases budget, budgeted income statement
Explanation:
Te correct order in preparing budgets is to first of all have a sales forecast based on information on previous years' sales figures as well as looking at the future economic outlook.
When sales forecasts are made based on educated guess,the sales budget is prepared using the most appropriate selling price per unit.
Thereafter,based on the number of units planned for sales,the required materials needed to accomplish the sales level is forecast,hence direct material purchases budget is prepared with informed unit cost of material.
Lastly,the income statement which encompasses both revenue from sales budget in addition to costs from direct materials purchase budget is finalized.
