A balance sheet includes all of the following except

Diverse and global teams are one of the most consistent sources of competitive advantage for any organization.

belka [17]

<span>TRUE. this is true because having a diverse global team would provide a wider range of resources from the individuals on the team, they would also bring to the table very different perspectives. This all gives any company a competitive edge in any market or social situation.</span>

3 0

3 years ago

In situation with high risk,credit might create further problems for the borrower.explain.

rewona [7]

Answer:

Yes, In situation of high risk credit will create more problem due to bankruptcy.

Explanation:

I Think if business will buy more credit in times of high risk then business will end up in stage of bankcruptcy because in that situation business will making poor profits and no revenue so it won't be able to pay back debt.

3 0

3 years ago

Palladia specializes in the production of beef and produces beef more efficiently than any other country. It buys wheat, which i

SashulF [63]

Answer:

Comparative advantage

Explanation

Comparative advantage is a theory that refers to the ability to produce products at a lower opportunity costs than others. This concept means that if a country is better than other producing two products, specialization still can happen as the second country can produce one of the products better and it will specialize as it has a comparative advantage and like that each country focuses on what they can produce more efficiently.

6 0

3 years ago

Waterway Industries purchased a depreciable asset for $610000 on January 1, 2018. The estimated salvage value is $61000, and the

Wittaler [7]

Answer:

The depreciation charge in 2021 is $ 164,000.00

Explanation:

Annual depreciation charge=cost-salvage value/useful life

cost is $610,000

salvage value is $61,000

useful life is 9 years

Annual depreciation charge=($610,000-$61,000)/9=$61000

The depreciation of charge of $61000 is applicable to years 2018 ,2019 and 2020 respectively.

The estimates of the asset changed in the year 2021,hence a new depreciation based on the present book value is required.

revised depreciation charge=$610,000-($61,000*3)-$99,000/(5-3)=

$164,000.00

5 0

3 years ago

Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Gre

VLD [36.1K]

Answer:

Greg's Bicycle Shop

Ending Inventory:

a. Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase 2 * $250 = 500

March 22 purchase 2 * $260 = 520

March 30 Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

Cost of goods sold = Cost of goods available for sale Minus Ending Inventory

= $11,940 - $3,490

= $8,450

b. FIFO:

March 22 Purchase 5 260 1,300

March 30 Purchase 8 280 2,240

Ending Inventory 13 $3,540

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $3,540

= $8,400

c. LIFO:

Ending Inventory:

March 1 Inventory 13 $230 $2,990

Cost of goods sold = Goods available for sale Minus Ending Inventory

= $11,940 - $2,990

= $8,950

d) Weighted -Average Cost:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

Specific FIFO LIFO Weighted

Identification Average

Sales $13,900 $13,900 $13,900 $13,900.00

Cost of goods sold 8,450 8,400 8,950 $8,706.25

Gross profit $5,450 $5,500 $4,950 $5,193.75

Explanation:

Dat and Calculations:

Shop uses periodic inventory system

Date Transactions Units Unit Cost Total Cost Total

March 1 Beginning inventory 20 $230 $4,600 Sales

March 5 Sale ($360 each) 15 $360 $5,400

March 9 Purchase 10 250 2,500

March 17 Sale ($410 each) 8 $410 $3,280

March 22 Purchase 10 260 2,600

March 27 Sale ($435 each) 12 $435 $5,220

March 30 Purchase 8 280 2,240

Total Goods available for sale 48 35 $11,940 $13,900

Ending Inventory = 13 (48 - 35)

Weighted average cost = Cost of goods available for sale/Units of Goods available for sale

= $11,940/48 = $248.75

Specific Identification:

March 5 sale 15 consists of bikes from 15 beginning inventory Bal 5 - 4 = 1

March 17 sale 8 consists of bikes from the March 9 purchase Bal = 2

March 27 sale 12 consists of four bikes from beginning inventory and eight bikes from the March 22 purchase Bal = 2

Ending Inventory:

Specific Identification:

Beginning inventory 1 * $230 = $230

March 9 purchase 2 * $250 = 500

March 22 purchase 2 * $260 = 520

March 30 Purchase 8 * $280 =2,240

Total value of inventory 13 units = $3,490

FIFO:

March 22 Purchase 5 260 1,300

March 30 Purchase 8 280 2,240

Ending Inventory 13 $3,540

LIFO:

March 1 Beginning inventory 13 $230 $2,990

Weighted-Average Costs:

Ending Inventory = $248.75 * 13 = $3,233.75

Cost of Goods Sold = $248.75 * 35 = $8,706.25

7 0

3 years ago