1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nastasia [14]
2 years ago
11

Belle Co. received merchandise on consignment. As of March 31, Belle had recorded the transaction as a purchase and included the

goods in inventory. The effect of this on its financial statements for March 31 would be
Business
1 answer:
mihalych1998 [28]2 years ago
8 0

Answer:

net income was correct and current assets and current liabilities were overstated.

Explanation:

As the Belle company received the merchandise on the consignment also it is recorded as the purchase and get involved the goods in the inventory

So here the impact on the financial statement as on March 31 would be that the net income would be right but the current asset and the current liabilities would be overstated.

hence, the same is to be considered

You might be interested in
Help me please.. there is no option on here for Human Resources principals, so I jus clicked business as the subject..
Aneli [31]

Answer:

The letter A is the right one.

Explanation:

By promoting deserving employees, Jeffrey will create an environment where employees who act correctly, integrate and present high levels of professionals receive good promotions and will raise their status in the company. This shows that acting in a moral, responsible and ethical manner is rewarding and that is why everyone should follow this level of work that encourages morality and good work.

4 0
3 years ago
The Vermont Teddy Bear Company sells handmade Teddy bears designed to be given as gifts for almost every occasion imaginable. Fo
soldi70 [24.7K]

Answer:

product line

Explanation:

A product line is a group of related products sold by a business under the same commercial brand.

For example, the company might produce a love Teddy for Valentine's Day, GI Teddy for Veteran's Day, Pilgrim Teddy for Thanksgiving, and Santa Teddy for Christmas.

4 0
3 years ago
Chad, who owns the only coffee shop in Rivercity, learns that Jose is about to open a competing coffee shop in the same small to
Leya [2.2K]

Answer:

Rivercity Coffee Shop

Chad cannot sue Jose.  The $10,000 is paid to Jose is a bribe.  Since a bribe is not legal, it cannot form the basis for an enforceable contract.

Moreover, the offer by Chad is an antitrust and anti-competition consideration that is legally frowned upon. illegal contract

Explanation:

For a contract to be enforceable, it cannot be illegal.  A bribe is illegal.  The basis for the contract is illegal.  Therefore, Chad cannot sue Jose.  Since Jose decided to breach the contract, neither Chad nor Jose is entitled to any compensation.  Jose cannot be held liable for non-performance.

6 0
3 years ago
Purchasing power parity does not hold in the short to medium run because:____.
maria [59]

Answer:

some goods aren't internationally traded

Explanation:

Purchasing power parity is most popularly known as the PPP. It may be defined as the measure of the prices of the various countries which makes use of the price of some specific goods in order to compare the absolute purchasing capability or power for the countries' currencies.

It is used to measure and compare prices at different locations.

The purchasing power does not hold good in the short to the medium run as different countries produces different goods and as such all the goods are not internally traded all over the locations or countries.

8 0
2 years ago
The Internet helps consumers make well-informed decisions because of
Serga [27]

Answer:

B. It provides the information that is crucial for making good choices

Explanation:

The internet is mainly a worldwide network where information flows between all the participants (internet users). For this reason, the Internet has a great flow of information about consumer goods that individuals use to make well-informed purchase decisions.

8 0
3 years ago
Other questions:
  • Refer to exhibit 27-5. assume the firm is a factor price taker and that the price of a unit of labor is constant at $360. the fi
    6·1 answer
  • A simple economy produces two goods, Bread and Technical Manuals. Price and quantity data are as follows:Production and Prices i
    11·1 answer
  • If houston company billed a client for $18,000 of consulting work completed , the accounts receivable asset increases by $18,000
    5·1 answer
  • What is the nature of Woolworths
    11·1 answer
  • The process by which precipitation that has fallen on land trickles into the ground and becomes groundwater is known as what?
    7·1 answer
  • Value is the perception by consumers that a band provides satisfaction greater than the cost incurred to acquire the product or
    14·1 answer
  • Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginnin
    11·1 answer
  • Alan, an accountant in a law firm, is summarizing his company’s expenses and revenue in the form of an income statement. However
    14·2 answers
  • Diamond Company is considering investing in new equipment that will cost $1,400,000 with a 10-year useful life. The new equipmen
    5·1 answer
  • The risk-free rate is 2.2 percent and the market expected return is 11.9 percent. What is the expected return of a stock that ha
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!