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andriy [413]
2 years ago
14

Penny Company made an inventory count on December 31, 2018. During the count, one of the clerks made the error of counting an in

ventory item twice. For the balance sheet at December 31, 2018, the effects of this error are
Business
1 answer:
Salsk061 [2.6K]2 years ago
4 0

Answer: Overstated, no effect, Overstated

Explanation:.

Since there's a double counting, this will lead to the overstating of the inventory which brings about an increase in the asset.

On the other hand, there's no effect on the liability. Lastly, the stockholder's equity is overstated as well as there's an increase the net income due to the overstated inventory.

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Need Help ASAP<br> Its a Career Planing
In-s [12.5K]

Answer:

All of the above

Explanation:

A Library is an accumulation of resources, materials and educational documents for the purpose of knowledge sourcing. It can be a physical building loaded with materials, journals, publications, etc, or an online platform.

A public library is a library open to everyone basically for the acquisition of knowledge online or offline. It also provides services such as access to internet facility, a quite environment, library staffs helping to sort for documents, photocopying borrowing of books, little entertainment, research resources, etc

6 0
3 years ago
________is one area of strategic decision making that "considers inventory ordering and holding decisions and how to optimize th
atroni [7]

Answer:

The correct answer is letter "C": Inventory management.

Explanation:

Inventory management refers to the concepts, tasks and management skills that are involved in managing an inventory. Order and purchase of raw materials, warehouse layout, storage, unit estimation, production scheduling, and just-in-time management are some examples.

Inventory management is important so that suppliers can schedule their operations and consumers can have the goods that satisfy their needs available.

4 0
3 years ago
The auditors of Steffey Ltd., decided to study the cash receipts and disbursements for the month of July of the current year und
creativ13 [48]

Answer:

                                     Bal. June 30   Receipts    Disbursements    Bal. July 31

Balance per Bank            355,001          835,846       684,747             506,100

Deposit in Transit

June 30                              86,899         -86,899

July 31                                                       51,240                                     51,240

Outstanding Checks

June 30                               42,690                               -42,690              

July 31                                                                               73,340             73,340

Unrecorded Receipts                              -150,000                                 -150,000  

Unrecorded Disbursement                                            -150,000          -150,000

Balance per Books          399,210         650,187          565,397           484,000

3 0
4 years ago
what is the level of interdependence among departments (finance, marketing) in a business school? what kinds of coordination mec
bearhunter [10]

Following are the three levels of interconnectedness that affect organizational structure:

<h3>What is the Parsons Thompson model?</h3>

The three layers or levels of the Parson and Thompson model describe what occurs in the enterprise and how a process or activity serves a particular goal.

Here is a summary of Thompson's levels of interdependence:

  • In order to create a team where each member contributes to the total, there are three types of interdependence that can be used.

In a business school, the degree of connection between the departments of finance and marketing is:

  • Structure of Reciprocal Interdependence.

There are various coordination techniques that might be applied to manage the interdependence, including:

  • complete cooperation
  • extensive preparation
  • Mutual apprehension

We must demonstrate the many layers of interconnectedness and how they might be applied in diverse systems, such as a business school's finance or marketing department, in order to answer the issue.

To learn more about Thompson model refer to

brainly.com/question/26895062

#SPJ4

5 0
1 year ago
If $ 9 comma 000 is invested in a certain business at the start of the​ year, the investor will receive $ 2 comma 700 at the end
laiz [17]

Answer:

NPV= 1,036.16

Explanation:

Giving the following information:

Initial investment= $9,000

Cash flows= $2,700 at the end of each of the next four years.

Interest rate= 3%

To calculate the net present value (NPV), we need to use the following formula:

NPV= -Io + ∑[Cf/(1+i)^n]

Cf1= 2,700/1.03= 2,621.36

Cf2= 2,700/1.03^2= 2,545

Cf3= 2,700/1.03^3= 2,470.88

Cf4= 2,700/1.03^4= 2,398.92

Total= 10,036.16

NPV= -9,000 + 10,036.16

NPV= 1,036.16

3 0
3 years ago
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