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3 years ago

The following inventory valuation errors have been discovered for Knox Corporation:

Business

1 answer:

Whitepunk [10]3 years ago

7 0

Answer:

Income +/- inventory adjustment

2015: 138,000 - 23,000 = 115,000

2016: 254,000 + 61,000 = 315,000

2017: 168,000 + 17,000 = 185,000

Explanation:

Inventory Identity:

Beginning + Purchases = Ending + COGS

As the mistake is on the right side it compensates by the other component which is COGS

When the inventory is overstated this means COGS is understated.

We didn't record the cost of good sold thefore our gross profit is higher making the net income higher.

When the inventory is understated this means COGS is overstated.

We record more cost of goods sold thefore our gross profit is lower making the net income fewer as well.

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Create the following lists. There are ten names and five lists of test scores. The correspondence between the names and the test

dem82 [27]

Answer:

Create the following lists. There are ten names and five lists of test scores. The correspondence between the names and the test scores are determined by positions. For example, the test scores for Cindy are 67, 92, 67, 43, 78. Drop the lowest of the five test scores for each student and average the rest and determine the letter grade for that student. Make sure your printout is the same as mine with the same column widths

lowest of the five scores is 43

dropping the lowest, the we have= 67, 92, 67 and 78

Average the rest= 67+92+67+78/4

Average= 76

The grade is A irrespective of the grading point used

Explanation:

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3 years ago

At Wegman's, employees are empowered to meet customer needs without seeking a manager's permission. This is an example of

mr_godi [17]

The scenario that's illustrated by Wegman is simply known as A. Job enrichment.

<h3>What is job enrichment?</h3>

It should be noted that job enrichment simply means a process whereby there are different dimensions added in order to make a job more motivating.

In this case, employees are empowered to meet customer needs without seeking a manager's permission abs this is an example of job enrichment.

Learn more about job enrichment on:

brainly.com/question/5948212

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2 years ago

Recently, Pfizer and Allergan – the makers of Viagra and Botox, respectively – initiated a $160 billion merger. Pharmaceutical c

Lilit [14]

Answer:

Lerner index for Botox = 0.9

Explanation:

The Lerner index measures market power in an industry. The formula for calculating the Lerner index is: L = (P - MC) / P

Lerner index for Botox = ($15 - $1.50) / $15 = 0.9

0.9 in the Lerner index means that a company has a very large market power. Under this situation, this is quite logical since Allergen has a monopoly on Botox, at least until the patent expires.

The Lerner index varies between 0 and 1, with 0 being a situation of perfect competition and 1 a monopolistic situation.

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3 years ago

All of the following are conducive to economic growth except

zysi [14]

Answer:

B. an unfavorable balance of trade and payments

Explanation:

The BOP or the balance of trade is defined as the net gains or net exports that make the balance of payments and is said to be favorable when the country export more and imports less and is a positive change.

It is said to be negative when the country imports more and exports less thus unfavorable in terms of the trade and payments.

Hence it means that the country has a deficit and this can impact the services and is not good for the economic growth perspective.

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3 years ago

Trade adjustment assistance promotes political support for free-trade agreements by:

Rus_ich [418]

Answer:

option C is the right answer

Explanation:

trade adjustment assistance programme was created to reduce the burden or damaging impart of import felt by some sector of the economy of a nation. and it creates an incentive to reduce trade barriers and export subsidies

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3 years ago