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Vlad1618 [11]
4 years ago
9

The chef manager received a vendor shipment on the last day of the accounting period, after submitting the period's ending inven

tory. what should be done to make sure the financials are correctly stated?
a. nothing

b. adjust the ending inventory

c. adjust the ending inventory and process the vendor payment

d. process the vendor payment
Business
1 answer:
kondaur [170]4 years ago
8 0

In the given case, the shipment was received on the last day of the accounting period, hence the inventory should be adjusted for the same and payment should be made to the vendor.

Hence Correct option is:

c. adjust the ending inventory and process the vendor payment

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7. What is supply and demand? Give me an example of a supply and demand currently?
Marysya12 [62]

Answer:

Supplier sells the goods at various prices, depending on how much consumers want it, and at the rate that the goods are being sold.

For example, now, during the pandemic,  face masks are now in very very high demand. Due to this, suppliers has now increased the price of the face masks, as to take advantage of the current situation

4 0
3 years ago
According to W. E. B. Du Bois, "The true college will ever have one goal—not to earn meat, but to know the end and aim of that l
emmainna [20.7K]

Answer:

The correct answer is True.

Explanation:

Basically, Du Bios' message invites awareness of the true usefulness of education, which is not found within the productive environment but in service and satisfaction to others. Also, education has to be a process of self-growth where progress is internalized and people can feel the accomplishment of reaching an educational goal.

7 0
3 years ago
What is the amount of money you still owe to their credit card company called?
evablogger [386]
Debit or credit? bAnk account
8 0
3 years ago
A company that makes shopping carts for supermarkets and other stores recently purchased some new equipment that reduces the lab
aksik [14]

Answer:

A. Labor productivity before=16 cart per workers-hour

Labor productivity After=26 cart per workers-hour

B. Multifactor productivity Before=0.94 carts per hour

Multifactor productivity before=0.94 carts per hour

Explanation:

A. Computation of labor productivity under each system

Labor productivity Before=100 carts per hour/6 workers

Labor productivity Before=16 cart per workers-hour

Labor productivity After=(100 carts per hour+4 carts per hour)/4 workers

Labor productivity After=(104carts per hour /4 workers

Labor productivity After=26 cart per workers-hour

B. Computation of the multifactor productivity under each system.

Multifactor productivity Before=100 carts per hour/(6 workers*$11 per hour)+$40 per hour

Multifactor productivity Before=100 carts per hour/($66 per hour+$40 per hour)

Multifactor productivity Before=100 carts per hour/$106 per hour

Multifactor productivity Before=0.94 carts per hour

Multifactor productivity before=(100carts per hour + 4carts per hour)/(4 workers * $11 per hour$)+($40 per hour+12 per hour)

Multifactor productivity before=(104carts per hour /(4 workers * $11 per hour$)+($40 per hour+12 per hour)

Multifactor productivity before=(104carts per hour /($66 per hour+$52 per hour)

Multifactor productivity before=(104carts per hour /118per hour

Multifactor productivity before=0.94 carts per hour

6 0
3 years ago
After years of research had been conducted at significant cost, Blanco Chemical Company determined a fertilizer they had been de
vodka [1.7K]

Answer:

as a "Deferred Development Cost" on the Balance Sheet.

Explanation:

IAS 38.57 QUOTED

"Development costs are capitalised only after technical and commercial feasibility of the asset for sale or use have been established. This means that the entity must intend and be able to complete the intangible asset and either use it or sell it and be able to demonstrate how the asset will generate future economic benefits"

The cost is measured (500,000) has the intention and resources to complete the asset and is possible to bring into production so it is possible to capitalize it

5 0
4 years ago
Read 2 more answers
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