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algol13
3 years ago
7

Al Dente Pasta Company overstated its inventory by $10 million at the end of 2021. The discovery of this error during 2022, befo

re adjusting or closing entries, would require:_______.
Business
1 answer:
MAXImum [283]3 years ago
7 0

Answer:

Retained earnings would be debited and inventory would be credited for $10 million each.

Explanation:

In the given scenario Al Dente Pasta Company overstated its inventory by $10 million.

This is an overstatement of assets of the company.

This also gives an understatement of the retained earnings of the company.

Adjusting entry in 2022 will now require Retained earnings would be debited and inventory would be credited for $10 million each.

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The FREC is investigating a claim by a buyer that the broker had not given the proper disclosure to the buyer before the buyer p
dsp73

Answer:

No

Explanation:

The Florida Real Estate Commission was constituted in 1926. Members are appointed by the Governor.

The aim of FREC is to protect ye public from bad practices by brokers. They have the authority to impose disciplinary action on lisensees.

According to requirement of the FREC the broker is required to keep records of transactions 5 years after the transaction occurred and 2 years after any legal action.

In this case the broker kept his records 3 years after the transaction and 1 year after legal action.

So he is not protected from disciplinary action by the FREC

7 0
3 years ago
A(n) ________ allows a customer to design a personalized product via the Internet and helps the company become more knowledgeabl
liberstina [14]

Answer:

<u>Choiceboard.</u>

Explanation:

A choiceboard  is a tool used for a consumer to customize a product via the internet to their preferences and needs.

This is one way that can help companies create business and brand value, empowering the customer to choose features that best fit their style, and reduce the company's aftermarket costs and customer dissatisfaction. customers with product characteristics, and increasing the company's ability to identify preference patterns for use in product development.

8 0
3 years ago
At the beginning of the recent period, there were 900 units of product in a department, 35% completed. These units were finished
Ivan

Answer:

The answer is C

Explanation:

we are given that a company starts with 900 units which are 35% complete that means during the production period they are completed, then we are further told that 5000 units are started and completed therefore we add the 900 units we started with with the 5000 units that are started and completed during the period then we are told that at the end of the process 800 units are still in process and 25% completed there fore we add the 25% of 800 units to the 5900 units that are completed therefore we calculate the equivalent units produced by the department as follows:

900 units + 5000 units + 800 units x 25% = 6100 units that are completed on a weighted average method.

7 0
3 years ago
Oberon buys a Pro Club Health &amp; Fitness, Inc., franchise, which the franchisor later terminates. In determining whether the
Lynna [10]

Answer:

balance the rights of both parties

Explanation:

Based on the information provided within the question it can be said that in a situation like the one being described a court will generally balance the rights of both parties. This is done in order to make sure that both parties are being treated fairly and investigate both sides of the case before making a decision in regards to who is in the right and who is in the wrong.

6 0
3 years ago
In a​ make-to-order system, when a customer places a request for a product or service with a​ producer,
Mashutka [201]
<span>A work order is created as soon as the customer places the request for a product or service. Since the manufacturing or the creation of the item begins only after order is made, all the resources and the raw materials should be in place well before time.</span>
3 0
2 years ago
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