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3 years ago

The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is:

1 answer:

7 0

The most likely effect of a write-down of inventory to net realizable on a firm's total asset turnover is an increase.

A write-down of inventory to net realizable value is typically recognized as an increase in cost of goods sold in the period of the write-down, according the inventory equation:
ending inventory = beginning inventory + purchases - cost of goods sold

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Gilbert Company made an ordinary repair to a delivery truck during 2016 at a cost of $500 and capitalized the repair cost. What

Leto [7]

Answer:

The answer is:

Asset will be overstated

Net income will be overstated

Explanation:

Because of the incorrect capitalization(the process of converting or adding to a firm's asset):

1. Assets are overstated. Assets that shouldn't are added to the entire assets are added. So it's increasing the company's asset whereas it's not.

2. Net income are overstated. Because depreciation too will have to be charged for the asset that wasn't there, therefore, net asset will be overstated.

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3 years ago

The allowance for doubtful accounts is reported as a(n) __________ on the balance sheet.

Firlakuza [10]

B. The allowance for doubtful accounts is reported as a deduction from accounts receivable on the balance sheet

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2 years ago

Visit the eBay website and identify three ways a small business can use the website to support its operations.

Alex787 [66]

Answer:

The eBay website provides a platform for the small business to grow and do business using their sites.

Explanation:

eBay is a multinational e-commerce company situated on California. The company sells goods and items that is registered on its site.

Recently eBay, the e-commerce giant has pledge a 100 million dollar to support and help the small business of America. For this eBay is :

eBay is providing the new businesses in America a free of cost basic eBay store for a period of three months.
It is waiving off the fees for selling products for up to 500 sold products on eBay websites.
It will provide marketing as well as the merchandising tools, the discounted shipping supplies and the customization features so that the businesses can help build their brands.

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2 years ago

Some analysts try to predict how likely a policy issue will be placed on the agenda for action. Policy issues that have ___ ___

yKpoI14uk [10]

Answer:

Low conflict and high salience

Explanation:

Placing an issue on the list of public agenda does not occur overnight. The issue that is to be placed on public agenda needs to meet some certain criteria.

First among these criteria is that it must be an issue with a low amount of conflict. What this means is that if there are no oppositions to a certain issue and there is generally a reasonable amount of agreement between the parties involved, then we can confidently agree that the particular issue can be placed on public agenda.

Secondly, the issue to be placed on public agenda must have high salience. What do we mean by this? This means the particular issue must be prominent or important enough to be discussed. If the issue on ground is not prominent, than it cannot be presented on the list of agenda.

3 0

2 years ago

A firm operated at 80% of capacity for the past year, during which fixed costs were $210,000, variable costs were 70% of sales,

Fittoniya [83]

Answer:

The answer is: $90,000

Explanation:

We must first determine the cost of goods sold:

COGS = variable costs = 70% x 1,000,000

COGS = $700,000

I will assume all fixed costs are operating expenses.

Then we elaborate a simple income statement:

Sales $1,000,000

COGS ($700,000)

Gross profit $300,000

Operating expenses ($210,000)

Operating profit $90,000

5 0

3 years ago