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
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.

You might be interested in
How much money should you save in case you have an emergency? eight months of living expenses six months of living expensestwelv
mezya [45]
Most experts believe you should have enough money in your emergency fund to cover at least 3 to 6 months' worth of living expenses.
4 0
3 years ago
Read 2 more answers
The first step in the target market selection process is
Rus_ich [418]
Identifying a target strategy
8 0
3 years ago
Simone lives in a country in which the government does not impose quotas on what can be imported or on what businesses can produ
irina1246 [14]

The type of situation that describe a situation where government does not impose quotas on what can be imported is known as free trade.

<h3>What is free trade?</h3>

Free trade is an agreement between two or more countries to remove trade barriers or restrictions . This enable member countries trade freely without any impediment to import and export of goods.

Countries come together to promote their goods and services by taking away any thing that could hinder import and export of goods among member nation. This bring about increased efficiencies.

Hence, the type of situation that describe a situation where government does not impose quotas on what can be imported is known as free trade.

Learn more about free trade here: brainly.com/question/3520350

7 0
2 years ago
A company builds a new plant and finances its construction by issuing stock. Which ratio is least likely to be affected, all els
Marta_Voda [28]

Answer:

a. Current ratio

Explanation:

Current Ratio is the least likely to be affected

The  Current Ratio is given as

Current Ratio = [ Current assets ] ÷ [ Current liabilities  ]

Now,

Building a new plant is a fixed asset for the company.

Thus, It will add to the Fixed assets

Since,

The Formula for current ratio is independent of the fixed assets

Therefore,

It will be least affected.

While,

Debt to equity ratio = [ Debt ] ÷ [ Equity ]

Debt to asset ratio= [ Total Debt ] ÷ [ Total Assets ]

Net fixed assets to total assets = [ Net fixed assets ] ÷ [ Total assets ]

in all the above relations, fixed asset will change the value of the total assets.

Hence,

They all will be affected

7 0
4 years ago
In the exact moment you run out of laundry detergent and realize you need to pick some up at the store, you are in the ________
shutvik [7]
In the exact moment you run out of laundry detergent and realize you need to pick some up at the store, you are in the problem recognition stage of the buying decision process. The problem recognition stage is realizing you have to make the purchase versus deciding to make the purchase of something. 
3 0
3 years ago
Other questions:
  • Mardist Corporation has sales of $100,000, variable expenses of $75,000, fixed expenses of $30,000, and a net loss of $5,000. Ho
    13·1 answer
  • Hypothetical situation: The economy has been declining for six months. The unemployment rate has increased by 2 percent in the p
    12·1 answer
  • Whats the full meaning of commerce<br>​
    8·1 answer
  • Mason Corporation had $1,103,000 in invested assets, sales of $1,278,000, income from operations amounting to $238,000, and a de
    12·1 answer
  • Xavier and Yolanda have original investments of $45,200 and $109,400, respectively, in a partnership. The articles of partnershi
    9·1 answer
  • Changes in the prices of key commodities can have a significant impact on a company’s bottom line. According to a September 27,
    9·1 answer
  • In a short essay What are advantages and disadvantages of competition for buyers and sellers?
    8·1 answer
  • Bon Nebo Co. sold 25,000 annual subscriptions of Magazine 2018 for $85 during December 2018. These new subscribers will receive
    5·1 answer
  • Gerard, a Nevada real estate licensee, has been advertising his services online to California citizens. He sells resort property
    6·1 answer
  • sykes company has sales revenue of $585,700. Cost of goods sold before adjustment is $335,900. The company's actual manufacturin
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!