Pencil lead conducts electricity
you might short circuit some stuff
also, the lead could break and get stuck in the computer
Answer:
An adjustment to retained earnings is necessary when when there is a change from LIFO to FIFO.
Calculating the effect on retained earnings:
- In the year 1 company followed LIFO and recorded ending inventory at $177500. Had it followed FIFO it would have recorded at $195000. So there would be increase in income of $17500 (195000 - 177500).
- In year 2 it followed LIFO and recorded opening inventory at $177500 and closing inventory at $355000 and thereby recording Net closing stock of $177500 (355000 - 177500). Had it followed FIFO it would have recorded a net stock of $195000.(390000-195000). So there would be increase in income by of $17500 (195000 - 177500).
So in total of 2 years there would be an increase of $35000 Net income i.e., Retained earnings and increase in stock value of $35000.
The journal entry is:
Inventory A/c Dr $35,000
To Retained earnings A/c $35,000
Explanation:
Option A
Companies such as Motorola and Toyota have made significant contributions to improving quality in productive systems with their introduction and promotion of concepts such as: Lean and Six Sigma
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Explanation:</u></h3>
Lean Six Sigma is a process of advancement methodology intended to reduce problems, eliminate waste and incompetence, and enhance working conditions to present a better acknowledgment of customers’ demands. It unites the instruments, techniques, and sources of Lean and Six Sigma into an individual big and robust methodology for promoting your organization’s services.
Lean Six Sigma’s team-oriented method has demonstrated results in maximizing ability and dramatically enhancing profitability for businesses throughout the world. Lean opinions accommodate to decrease or discharge process wastes. Six Sigma concentrates on difference - decrease in the process.
The season that comes after winter is:
Spring
Answer: Competence, confidentiality, integrity, and credibility.
Explanation:
In the activities of management accountants professionals, the four standards of ethical conduct which the Institute of Management Accountants enacted are simply confidentiality, credibility, competence, and integrity.
This therefore shows that the right option is B.
