Answer:
Total Assets
Inventory is understated by $59,300 at the end of the year which means that assets are understated by the same amount.
To rectify this therefore you;
= 6,395,000 + 59,300
= $6,454,300
Net Income
When closing inventory is understated, it will have the effect of understating income and when opening inventory is understated, income will be overstated.
This means that the income for the year is overstated by $139,000 but understated by $59,300.
Corrected income is;
= 500,000 - 139,000 + 59,300
= $420,300
Answer:
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Answer:
A. to show that it should be seen as equal to its competitors
Explanation:
Marketing can be defined as the process of developing promotional techniques and sales strategies by a firm, so as to enhance the availability of goods and services to meet the needs of the end users or consumers through advertising and market research. Thus, it comprises of all the activities such as, identifying, anticipating set of medium and processes for creating, promoting, delivering, and exchanging goods and services that has value for customers. It typically, involves understanding customer needs, building and maintaining healthy relationships with them in order to scale up your business.
Corporate branding can be defined as an act which typically involves using a company's brand name in all of the advertisement process, to stimulate a favorable action on the part of the customers.
Points of parity refers to the basic elements that a business firm is required to have, so as to be considered by its customers and potential customers for the purchase of its products or services.
This ultimately implies that, a brand would seek to establish points of parity to show that it should be seen as equal to its competitors and as such able to offer the same product quality, expertise and satisfaction.
Answer:
conversion cost per equivalent unit: 10.47
Explanation:
Luna uses the weighted average method:
complete units + equivalent units ending WIP
Completed during the period 187,000
ending WIP 197,000 x 30% =<u> 59,100 </u>
Equivalent units 246,100
cost: beginning invenotry + added during the period
165,600 + 2,410,800 = 2,576,400
cost per equivalent unit: cost / equivalent untis
2,576,400 / 246,100 = 10,4689 = 10.47
