Answer:
a. net income= understated, retained earnings= understated
Explanation:
In accounting and auditing it is established that ending inventory and net income moves in the same direction when it comes to being overstated or understated. That implies that if <u>ending inventory is understated</u>, then cost of goods sold will be overstated by the same amount, and when costs are overstated it finally leads to <u>net income and gross profit being understated.</u>
Furthermore, since it is the net income that will be added to retained earnings thereafter, it implies that the lesser the net income the lesser will be retained earnings. Hence, understatement of ending inventory is understatement of net income and also retained earnings.
Answer:
r = 9.86%
Explanation:
The formula for calculating the future value of an invested amount yielding a compound interest is given by:
where:
FV = future value = $16,000
PV = present value = $10,000
r = interest rate = ?
n = number of compounding period per year = 1
t = time in years = 5
∴ 
dividing both sides by 10,000
to remove the power of 5, we have to take the 5th root of both sides:
Using your calculator:
1.09856 = 1 + r
∴ r = 1.09856 - 1 = 0.09856
r = 0.0986 = 9.86%
∴ r = 9.86%
Answer:
True
Explanation:
The given statement is true as the process operations refer to the bulk production of the large quantities produced that contain similar products or identical products. Moreover, the goods are produced in a continuous flow. This is mostly done by the manufactures as they generally accepted the bulk or mass quantities of product
Answer:
The ethical dilemma that Marco Manager is facing having to choose between trying to keep an existing friendship (at least he believes that they are friends) or doing the right thing as a manager, which would involve investigating why the money is missing and most certainly firing the employee.
Answer:
The definition of the problem is listed in the explanation segment below.
Explanation:
The diverse worldview is referred to as one of the OLI systems, in which OLI refers to possession, place, and internalization.
- Organizations such as Kasapreko have been looking for potential customers and have used distant markets such as Nigeria, Africa as well as Germany as either a path to expanding industry with a large portfolio and selling more revenue-generating products. However, companies see strategies to increase expertise by allowing efficiencies of scale. Concurrently, the statistics that suggest that the company is searching for options to achieve scale economies as well as minimize costs per unit by that competence by entering various markets.
- Shareholding benefit talks for focus points which represent the unique upper hand of the firm's ideas by engaging in FDI. The Kasapreko company has planned R&D to produce experimental data informative, natural-based blended beverages in Ghana and seems to be unprecedented.
<u>Advantage of Location:</u>
The corporation has its leading headquarters throughout Ghana which is suitable for trading platforms such as South Africa and Nigeria as well as, in addition to using the development of digital technology/data innovation, such as the internet stock management framework, provides the organization an odd phenomenon through which to come to terms with coordination employment.
<u>Advantage of Internationalization:</u>
It has been allowed the company to create an integrated quality assurance system and an object development facility in there and, in turn, to carry out its special bespoke bottles and caps.
