Answer: $3,570,000
• assets installation, shipping and installation costs.
Explanation:
The The total cost of Alexander's new equipment will be calculated thus:
= $3,400,000 + $170,000
= $3,570,000
The coat of the new equipment consist of (assets installation, shipping and installation costs).
Answer:
C. The flow of goods and services.
Explanation:
Balance of trade: In Economics, the balance of trade accounts for the inflow and outflow of the goods and services in in a country for a given period, it is also called the <em>balance of payment.</em>
Answer:
a. Overstates Year 1 cost of goods sold.
b. Understates Year 1 net income
c. Understates Year 2 cost of goods sold
Explanation:
a. The formula for Calculating the Cost of Goods sold is;
<em>Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.</em>
If the closing inventory is understated, it will reduced the amount being subtracted from Purchases and Opening inventory which would means that Cost of Goods sold will be overstated.
b. The Cost of goods sold is deducted from sales to give Gross profit. If Cost of goods is overstated, it will reduce Gross Profit higher than it should. A lower Gross Profit equates to a lower Net Income.
c. Going by the formula in <em>a;</em>
<em>Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.</em>
In Year 2, the understated Year 1 closing stock will become the understated Year 2 Opening stock. With the opening stock understated, the Cost of goods will be understated as well because Opening stock is meant to increase Cost of goods sold as the formula shows. If it is understated, the amount that it will add will be understated as well.
Answer:
monitoring and controlling
Explanation:
The five stages in the project management process are:
- Project initiation
- Project planning
- Project execution
- Project monitoring and controlling: in this stage you must measure the project's performance in order to identify any possible deviation from the project's plan. Project managers should use key performance indicators (KPI) to determine if the project s on track or not. In this case, one KPI was chicken meal and the deviation was steak meal.
- Project closure
Answer:
$55,500
Explanation:
The computation of the net realizable value after the write off entry is show below:
The credit balance in allowance with terms to bad debts is
= $4,500 - $4,000
= $500
Now the net realizable value is
= ($60,000 - $4,000) - ($4,500 - $4,000)
= $56,000 - $500
= $55,500
Hence, the same is to be considered
