1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
exis [7]
3 years ago
12

15. Physical counts of inventory: A) Are not necessary under the perpetual system. B) Are necessary to adjust the Inventory acco

unt to the actual inventory available. C) Must be taken at least once a month. D) Requires the use of hand-held portable computers
Business
2 answers:
Naily [24]3 years ago
5 0

Answer: The correct answer is "B. Are necessary to adjust the Inventory account to the actual inventory available."

Explanation: Physical counts of inventory are necessary to adjust the Inventory account to the actual inventory available.

Physical inventory counts are generally performed at the end of an accounting period to adjust the accounting balance to the actual physical amount of inventory as it may differ due to missing, lost, stolen, decreased, etc.

satela [25.4K]3 years ago
5 0

Answer:

The correct answer is B) Are necessary to adjust the Inventory account to the actual inventory available.

Explanation:

Physical counts of inventory are necessary to adjust the inventory account to the actual inventory available. This practice has a lot of benefits as reduced disruption in Operations, reduced errors, more confident buying decisions, saves time and resources, etc

You might be interested in
How many years would it take for an investment of $280,000 to accumulate to at least $425,000 at 15% per year interest?
Alex73 [517]

Answer:

i will take at lease 3 years to get 425,845

4 0
4 years ago
McConnell Corporation has bonds on the market with 12.5 years to maturity, a YTM of 7.3 percent, a par value of $1,000, and a cu
Alex777 [14]

Answer:

Coupon rate will be 3.08%

8 0
3 years ago
A commercial bank has checkable-deposit liabilities of $500,000, reserves of $150,000, and a required reserve ratio of 20 percen
soldi70 [24.7K]

Answer:

b. $50,000 and $250,000.

Explanation:

The computation is shown below:

The required reserve is

= Check-able-deposit liabilities × reserve ratio

= $500,000 × 20%

= $100,000

The excess reserves is

= Actual reserves - required reserves

= $150,000 - $100,000

= $50,000

And, the amount that increase the loan is

= Excess reserves ÷ reserve ratio

= $50,000 ÷ 20%

= $250,000

8 0
4 years ago
Another name for the steps in the service delivery process is __________.
alexdok [17]

The answer is service encounters. The explanation behind this is customers review services centered on the entire arrangement of steps that make up the service procedure. Businesses frequently use a customer contact review to concentrate on these steps or also identified as service encounters. 

6 0
3 years ago
Prior to adjustment at August 31, Salary Expense has a debit balance of $322,200. Salaries owed but not paid as of the same date
Phantasy [73]

Explanation:

The Journal entry is shown below:-

a. Salary Expense Dr,             $2,550

          To salaries payable                $2,550

(Being accrual of salary is recorded)

b. Income summary Dr,           $324,750

        To Salary expense                    $324,750

($322,200 + $2,550)

(Being closing of salary expense is recorded)

4 0
4 years ago
Other questions:
  • Jimmer’s nominal income will go up by 10 percent next year. Inflation is expected to be – 2 percent next year. By approximately
    7·1 answer
  • In which type of economy is a business owner most likely to benefit from free enterprise?
    9·1 answer
  • ________________ occurs when a principal leads a third party to believe another individual serves as his or her agent; but, the
    10·1 answer
  • Wayne Rogers Corp. maintains its financial records on the cash basis of accounting. Interested in securing a long-term loan from
    10·1 answer
  • Which of the following is not one of the three major credit reporting agencies in the US?
    14·2 answers
  • The Waking Dead Co provides services for both cash and on account The accounts are adjusted monthly, For September, the folowing
    5·1 answer
  • According to the expectancy theory, which of the following conditions must be met for motivated behavior to occur? a. Effort-to-
    11·1 answer
  • Hi-Tek is a young start-up company. No dividends will be paid on the stock over the next 9 years, because the firm needs to plow
    7·2 answers
  • Anna is a forensic scientist who still uses the methods used by Dr. Leone Lattes. How is this MOST likely demonstrated in Anna’s
    11·1 answer
  • You discover an unattended email address or fax machine in your office receiving beneficiary appeals requests. You suspect no on
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!