Answer:
$1,258,950 and $5,233,670
Explanation:
The computation is shown below:
For cost of goods sold
= Cost of goods sold - beginning inventory overstated + ending inventory overstated
= $1,338,800 - $114,680 + $34,830
= $1,258,950
Since the ending inventory contains the lesser amount so it would be added and the beginning inventory contains larger amount so it would be deducted
For retained earning
= Retained earning - ending inventory
= $5,268,500 - $34,830
= $5,233,670
Answer:
The amount of inventory that would be reported on the absorption costing balance sheet is $70,905
Explanation:
In order to Calculate the amount of inventory under absorption Costing to be reported on the balance sheet, we would have to use the following formula:
amount of inventory under absorption Costing
= (Direct materials+Direct labor+Variable factory overhead+ Fixed factory overhead)/ (Production costs units)×units remain unsold
amount of inventory under absorption Costing
=($761,300/20,400)×1,900
amount of inventory under absorption Costing
= $70,905
The amount of inventory that would be reported on the absorption costing balance sheet is $70,905
The correct answer for the question that is being presented above is this one: "TRUE." Although stocks can generate greater revenue, they are also more risky than many forms of investment. Dividends are not guaranteed; each company's board of directors has to vote to issue dividends, and they may not always do so.
Answer:
The correct word, that fills the gap is: New buy.
Explanation:
- Direct repurchase: it is a shopping situation in which the purchasing department repeats orders routinely. The buyer chooses among the suppliers that appear on an "approved list". "Excluded suppliers" will try to take advantage of inefficiencies or dissatisfactions with respect to Current suppliers.
- Modified repurchase: it is a situation in which the buyer wants to modify the product specifications, prices, delivery requirements or other conditions; In general, it involves additional participants in the decision by both parties. New task: it is a purchase situation in which a buyer acquires a product or service for the first time (building, security system).
New homework purchases have several stages: awareness, interest, evaluation, trial and adoption.
- The industrial buyer: It makes the least number of decisions in the situation of direct repurchase and the largest, in the situation of new task. This is the biggest opportunity and the biggest challenge for the marketing people, which tries to reach as many key influencers as possible and provide useful information and help. Due to the complexity of the sales work, many companies use a missionary sales force composed of their best sellers.
Answer:
Perception barrier
Explanation:
Perception barrier in communication occurs when the preconceived idea that a person holds about a particular situation influences his choice of decision.
In such a situation , the perceiver makes a less effort in arriving at a choice as he already has a formed opinion as a driver of his choice which can always lead to a wrong choice except in a few cases.
This explains Kim's action as she is already biased about cars from United states.
