Answer:
C. Net income and stockholders' equity are both overstated.
Explanation:
In the income statement , ending inventory is deducted from the addition of the beginning inventory and net purchases to arrive at the cost of goods sold. Therefore, the cost of goods can be stated as an equation stated as follows:
Cost of goods sold = Beginning inventory + Net purchases - Ending inventory
From the above equation, it can be observed that if the ending inventory is overstated, cost of goods sold will be understated by that amount.
Since gross income is determined by deducting cost of goods sold from the net sales, an understated cost of goods sold will result in an overstated gross income and subsequently overstated net income.
Since net income is one of the components of the stockholders' equity, an overstated net income will leads to an overstated stockholders' equity.
Therefore, the correct option is C. Net income and stockholders' equity are both overstated.
Answer:
The contrast coder's weekly salary last week was $450.00.
Explanation:
The CC charged $5.00 per record coded. The previous week she coded 300 records.
Write it like:
$5.00 x 300 = 1500.00
Though remember the hospital has a 30% benefit.
So:
1500.00 x 30%*=450.00
*0.30 if you can't do the % sign on the calculator
Sorry if it doesn't work out!
Answer:
$16,100 favorable
Explanation:
The computation of the direct labor efficiency variance for June is shown below:
= Standard rate × (standard hours - actual hours)
= $23 × (1.3 × 35,000 - 44,800)
= $16,100 favorable
hence, the direct labor efficiency variance for June is $16,100 favorable
The same should be considered and relevant
Answer:
(D) include open communication, trust, personal integrity, positive interdependence, and mutual support.
Explanation:
With respect to the process made for the work team, the skills of the cooperative teamwork generally involves the open communication so that there is no misunderstand, also it includes the trust, mutual support, and other things so that the employees feel comfortable and they dont hesitate while asking anything
So as per the given situation, the above should be the answer
