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
A music teacher asked her students to set a really hard goal, such as increasing their practice time by 10 hours per week, which
PilotLPTM [1.2K]
The answer is Stretch Goal.  It is also called a Stretch Target, it is <span>a high and difficult level of success that a student must achieve if they are to be considered to be doing their job in a satisfactory way.  Practicing 10 hours a week would cause the students to reach beyond what they think is possible.</span>
5 0
2 years ago
What is teaching? name the manpower related to the teaching sector. <br><br>​
mr Goodwill [35]

Answer:

See below

Explanation:

<u></u>

<u>1. Teaching</u>

Teaching is a deliberate process of sharing knowledge and information in an organized manner and within a discipline. To teach is to provide experiences that stimulate the psychological and intellectual growth of a person.  It involves the more knowledgeable instructor, issuing guidance and instructions to another person who seeks to acquire knowledge.

Teaching takes place in schools and the out-of-school environment.

<u>2. The manpower related to teaching include,</u>

  1. The teacher: Also known as a tutor, instructor, or lecturer.
  2.  Education Administrators: Made-up of heads of leaning institutions,    education supervisors and the top management of education in a country.
  3.  Support staff in educational institutions.
  4.  Teacher trainers,
8 0
3 years ago
What types of serches and seizures are protected against under the fourth amendment to the u.S. Constitution
melisa1 [442]
Home raids, Car searches, Phone searches. Anything that the government or the authorities do not have a warrent to look through, they cannot lawfully look through it.
5 0
3 years ago
Read 2 more answers
When marginal cost exceeds average total cost:
gtnhenbr [62]

Answer:

B) average total cost must be rising

Explanation:

Marginal cost is the rate at which total variable cost increases when one more unit is produces.

So when marginal cost is larger than average cost, it means that total average costs must be increasing.

For example, we have the following production costs:

  • total costs = $100
  • units produced = 20 units
  • total average costs = $5 per unit

If the marginal cost of producing 1 more unit is $6, then the total costs will be $106 and the total average cost will be $5.05 per unit (= $106 / 21 units).

4 0
3 years ago
How often are people likely to communicate interpersonally ​
Y_Kistochka [10]

Answer:

rarely these day's maybe family that's bout it.

Explanation:

Interpersonal communication is the process by which people exchange information, feelings, and meaning through verbal and non-verbal messages: it is face-to-face communication.

6 0
2 years ago
Read 2 more answers
Other questions:
  • The concept of an "artificial being: refers to which form of business organization?
    10·1 answer
  • When teaching new vocabulary, how many times should you encourage the student to repeat the word back to you?
    8·1 answer
  • A client demands the return of all records and documents from an attorney even though the client has not paid the attorney's fee
    10·1 answer
  • Productivity measurement is complicated by
    11·1 answer
  • Which shift in the demand curve most likely to describe a company in a monopolistically competitive market that begins to spend
    11·1 answer
  • What does the consumer price index measure? A. the change in prices of all goods and services over time B. the change in prices
    9·2 answers
  • A company desires to sell a sufficient quantity of products to earn a profit of $280000. If the unit sales price is $16, unit va
    14·1 answer
  • ranite Slab LLC was recently formed with the following members: Capital/ Name Tax Year-End Profits % Nelson Black December 31 22
    9·1 answer
  • provide two reasons why public participation is important for people experiencing lack of basic services​
    10·1 answer
  • Advertising, fashion trends, and new product introductions serve to.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!