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3 years ago

The CFO is not responsible for which of the following departments? Check all that apply.

Business

1 answer:

svetoff [14.1K]3 years ago

5 0

Answer:

Explanation:

I think the CFO is not responsible for production, well, a CFO used to be responsible for it but when technology came and the need for accounting skills became a problem, the responsibilities related to production for the CFO diminished. And also research and development is not a responsibility for the chief financial officer since that department has nothing really to do with the CFO.

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The following two errors were made in the physical inventory counts: 1. 2012 ending inventory was overstated by $33,000. 2. 2013

timofeeve [1]

Answer:

2013: $490,000 2012: $561,000

Question:

Errors in inventory count the following information was taken from the record of Spencer Enterprises

2013 2012

Beginning Inventory $63,000 $83,000

Cost of goods purchased $548,000 $508,000

Cost of goods available for sale $611,000 $591,000

Ending inventory $93,000 $63,000

Cost of goods sold $518,000 $528,000

The following two errors were made in the physical inventory counts:

1. 2012 ending inventory was overstated by $33,000

2. 2013 ending inventory was understated by $28,000.

Compute the correct cost of goods sold for both 2012 and 2013.

Explanation:

Computation of cost of goods sold for the year 2016 and 2015

Particulars 2013 2012

Beginning inventory $63,000 $83,000

Cost of goods purchased $548,000 $508,000

Cost of goods available for sale $611,000 $591,000

Ending inventory (corrected) $121,000 $30,000

Cost of goods sold (corrected) $490,000 $561,000.

note:

In 2013 new ending inventory = $93,000 + $28,000 = $121,000

In 2012 new ending inventory = $63,000 - $33,000 = $30,000

Beginning inventory + Cost of goods purchased = Cost of goods available for sale

Cost of goods available for sale - Ending inventory = Cost of goods sold

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3 years ago

"What are the results of a contractionary monetary policy, which intends to slow down the economy, and what are not? You are cur

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Answer:

Contractionary monetary policy usually results in:

lower money supply
higher interest rates
lower inflation rates
lower investment rates
lower nominal gross domestic product
higher unemployment
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3 years ago

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Financial institutions that lend the funds that savers provide to borrowers. a. mutual funds c. pensions b. premiums d. financia

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Financial institutions that lend the funds that savers provide to borrowers, financial intermediaries.

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3 years ago

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What is the name of the group of factors that predispose a leader's capacity to develop components of authentic leadership

ratelena [41]

Answer:

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2 years ago

You expect to receive annual gifts of $1,000 at the end of Years 1 and 2 and $1,500 at the end of Years 3 and 4. What is the cor

andrezito [222]

Answer:

PV of annuities =$3,021.53

Explanation:

The present value of the annuity would be as follows;

First annuity of $1000:

PV = A × (1- (1+r)^(-n)/r

PV = Present Value , r- rate of return, n-number of years

PV = 1000× (1- (1.06)^(-2)

PV= $1,833.39

The second annuity

PV = 1,500 x (1-1.06^(-2)× 1.06^(-2)= 1,188.140

PV = $1,188.140

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PV of annuities =$3,021.53

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3 years ago