When Prior year ending inventory understated by $ 50,000 :
If the ending inventory of the prior year has been understated then the COGS of the prior year get overstated which ultimately understated Pretax income by the same margin.
Prior year ending inventory is the current year opening inventory, so when the prior year ending inventory has been understated that means the current year opening inventory is also getting understated. Which resulted in an understatement of COGS and due to which pretax income of the current year gets overstated by the same margin.
Total pretax income of the two years = $ (50,000) + $ 50,000 = Nil ( No effect).
The four most commonly used inventory types are Raw Materials, Work in Process (WIP), Finished Goods, Maintenance, Repair, and Overhaul (MRO). Knowing the nature of your inventory will help you manage your inventory better and smarter. Consider a fashion retailer like Zara, which operates seasonally.
Learn more about inventory at
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Answer:
An upscale "white-tablecloth" restaurant chain acquires a travel agency.
Explanation:
Few reasons:
- Such restaurant are luxurious, so they would want to collaborate with travel agencies but not acquire the whole agency itself.
- Being the upscale restaurant they have to work on their own image not acquiring unnecessary agencies.
- They have their own customer market, who won't compromise on the choices they make, so they don't need to acquire a travel agency to increase it's branding as not everyone can afford such restaurants.
milk is heated to destroy harmful bacteria
Answer:
h = 28/πr² or 28/(π((14/π)^⅔))
r = (14/π)^⅓
Explanation:
Given
Let r = radius, h = height of the cylinder
Volume, V =28in³
V = πr²h ----- volume of a cylinder
πr²h = 28 --- make h the subject of formula
h = 28/πr²
Area of the the cylinder is;
A = 2πr² + 2πrh
Substitute 28/πr² for h to get area in terms of radius
A = 2πr² + 2πr(28/πr²)
A = 2πr² + 56/r
Differentiate A with respect to r
dA/dr = 4πr - 56/r²
Set dA/dr to 0 (.....using the least amount of metal)
4πr - 56/r² = 0
(4πr³ - 56)/r² = 0 --- Multiply through by r²
4πr³ - 56 = 0
4πr³ = 56 --- make r the subject of formula
r³ =56/4π
r³ = 14/π
r = (14/π)^⅓
h = 28/πr²
h = 28/(π((14/π)^⅔))
