Answer:
c. when the company corrects poorminusquality goods or services before delivery to customers.
Explanation:
Internal failure costs are costs incurred when the company corrects <u>poorminusquality goods or services before delivery to customers.</u>
Answer:
Dr Retained earnings $14,000
Cr Inventory $14,000
Explanation:
There is a need to make adjustment to the inventory . Therefore,
Adjusted inventory
= New method of $171,000 - Old method of $185,000
= $14,000 decrease
It is to be noted that a lower inventory will have high costs associated with goods sold hence reduces profit/net income for the previous year by $14,000.
Also, the net income reports to retained earnings account hence decreases retained earnings.
Having made the above adjustment, we can assume that the average cost method was used for 2020 books.
Answer:
true
Explanation:
long term means it will be used for a long time thus if the price is not constant and keeps rising it wont be effective
The answer to this is probably something like the human factor or a human error. That is because no matter how great the conditions are, you can't prevent people from making a mistake eventually and this can include even simple things like falling down stairs. What you can do is make sure you get good employees, but even those banal injuries still count as a workplace accident and the worker needs to be paid and covered to mend it.
