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mylen [45]
3 years ago
7

London Company hired some students to help count inventory during their semester break. Unfortunately, the students added incorr

ectly and the 2019 ending inventory was overstated by $5,000. What would be the effect of this error in ending inventory
Business
1 answer:
Natalija [7]3 years ago
5 0
They have to recount each thing
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In the process of benchmarking for a variable expense (such as payroll) the typical metrics used are "Total Dollars" and "Dollar
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The answer is false
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3 years ago
A company's Inventory balance at the end of the year was $204,200 and $218,000 at at the beginning of the year. Its Accounts Pay
dalvyx [7]

Answer:

$718,400

Explanation:

For computation of total amount of cash payments first we need to find out the decrease in merchandise, purchases and increases in accounts payable which is shown below:-

Decrease in merchandise = Balance at the beginning of the year - Balance at the end of the year

= $218,000 - $204,200

= $13,800

Purchases = Cost of goods sold - Decrease in merchandise

= $738,000 - $13,800

= $724,200

Increase in Accounts Payable = Accounts Payable balance at the end of the year - Accounts payable at the beginning of the year

= $102,000 - $96,200

= $5,800

Cash paid for merchandise = Purchases - Increase in Accounts Payable

= $724,200 - $5,800

= $718,400

6 0
2 years ago
If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming mo
zlopas [31]

Answer: If the commercial is TRUE that every additional bite of food tastes as good as the first, the marginal utility from consuming more of the advertised product must be CONSTANT. Option D.

Explanation:

Marginal utility is the additional satisfaction an individual gets, from consuming an additional unit of a product or service.

Therefore, in the scenario given above, if every additional bite of food tastes as good as the first, then the additional satisfaction is just as good as the preceding satisfaction. We can therefore say that the marginal utility gotten from consuming that product is constant.

4 0
3 years ago
A government agency has assigned a staff member to investigate complaints about employment discrimination at XYZ Corporation. Fo
lapo4ka [179]

Answer:

EEOC

Explanation:

The staff probably work for Equal Employment Opportunity Commission (EEOC), an agency designed to analyse the implementation of federals laws. The agency is liable to visit corporations to investigate the discrepancies, and to ensure that the laws are implemented. They enforced the laws, and investigate the complains of the general public regarding employment discrimination.

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2 years ago
What is a bank savings account?
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3 years ago
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