Answer:
Explanation:
a. Timeliness - Garth Company has been recording shipments of goods that were not ordered by their customers.
b. Accuracy - Clerks at Fairmont Corp. enter customer orders into PCs connected to the accounting system. The clerks are supposed to enter a code into a field to indicate if the order was mailed, faxed, or phoned in. But they do not always enter this code. Consequently, data on the recorded orders regarding the type of order is not reliable.
c. Validity - Shipments at Lasting, Inc. are entered into PCs in the shipping department office. The paperwork often gets lost between the shipping dock and the office, and some shipments do not get entered.
d. Relevance - At Belmont, Inc., warehouse personnel write the picked quantity on the picking ticket as the goods are picked from the shelf. These clerks are not very careful, and the recorded picked quantities are often wrong.
e. Completeness - Caroline in the shipping department has been given the job of monitoring shipments to make sure that they are shipped in a timely manner. To do this, she uses a monthly report of items ordered but not shipped in the past month.
Answer:
Patent-investing activity
depreciation expense-operating activity
issuance of note payable-financing activity
Increase in inventory-operating activity
Explanation:
The purchase of patent as intangible asset is reported as an investing activity item as an outflow of cash from the business.
Depreciation expense is meant to added to net income in arriving at the net cash flows from operating activities
Issuance of a note payable is a financing item under the financing activities' segment of the cash flow as an inflow.
Increase in inventory is increase in net working capital which is deducted as an operating activity item .
Answer:
Profitability
Explanation:
It is not enough that our target market is reachable, stable, cost-effective, and measurable. We also need to measure how profitable the market is. We know that our major aim of doing business is to make profit, therefore the profitability of the market must be measured as well.
The correct answer should be that <span>the total surplus increases but by less than the amount of the tax. This happens if the tax is not larger than the producer surplus in which case it would negate and the total would not grow at all. This doesn't happen however since imposing such higher taxes is impossible and riots would surely happen.</span>
