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Ahat [919]
3 years ago
10

Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate control activities over the invoicing

function allow goods to be invoiced that are not shipped. The inadequate control activities could cause an Group of answer choices Understatement of revenues, receivables, and inventory. Overstatement of revenues and receivables and an understatement of inventory. Understatement of revenues and receivables and an overstatement of inventory. Overstatement of revenues, receivables, and inventory.
Business
1 answer:
marissa [1.9K]3 years ago
7 0

Answer:

Overstatement of revenues and receivables and an understatement of inventory.

Explanation:

Invoicing in different occasions could be done for the case of inventory and reference purposes in the hands of both the salesman and buyer. Therefore on the case above, inadequate control could possibly cause overstatement of revenues and receivables and an understatement of inventory. It is also been observed that the sales invoice provides the seller with a record of what has been sold, whether the said transaction has been carried out or not and how much money is involved. This information is useful for internal company records and also to follow up with buyers for billing purposes.

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The correct answer is A. smart technology.

ExplanTation:

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This concept of intelligent technology, is justified mainly for the purpose of offering different electronic prototypes, a logical programming that reacts to stimuli that are attributed to its sensors. Something very similar to what occurs with a new brain that, in addition to receiving specific instigations, proceeds in an immediate way to generate the corresponding chords to the dictated call.

In this order of ideas, the electronic devices are endowed with sufficient capacity to understand messages such as, in the case of the cell phone or the television, the presence and use of this device by a person, as it proceeds to lower its performance by optimizing the energy that requires its operation.

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How does voluntary exchange help set prices in a market economy?​
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Answer:

How does voluntary exchange help set prices in a market economy?​

Voluntary exchange enables fluctuation in prices and makes it to be vary in the market system, this uncontrolled prices enables customers to buy same goods at different prices because each supplier sells at any convenient prices that suits them not adding both variable cost and fixed cost to determine the price.

Explanation:

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What advice would you give a friend who would like to become an editor in the advertising and
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3 years ago
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Capital structure decisions include all of the following EXCEPT: Deciding how to pay for long term projects. Deciding the mix of
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Answer: the one that is not a capital structure decision is deciding what assets to purchase.

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On the last day of December 2021, Coaster Trucks entered into a transaction that resulted in a receipt of $300,000 cash in advan
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Answer:

  1. $1,590,790
  2. $300,000
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Explanation:

1. The company performed services but did not record them. Those services were for 2021 and so should be counted in 2021's income statement.

= 1,425,790 + 165,000

= $‭1,590,790‬

2. Coaster Trucks received $300,000 even though they have not yet provided the services for it.

The Unearned revenue = $300,000

3. Coaster Company had performed services worth $165,000 that were neither billed nor paid for. When they record t, it will be owed to them so it will be an Account Receivable.

Accounts Receivable = $165,000

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