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Verdich [7]
3 years ago
8

Why are adjustments made to the accounting records at the end of the period?.

Business
1 answer:
Montano1993 [528]3 years ago
6 0

Answer:

<em>Adjustment</em><em> </em><em>are </em><em>made </em><em>at </em><em>the </em><em>end</em><em> </em><em>of </em><em><u>every</u></em><em><u> </u></em><em><u>accounting</u></em><em><u> </u></em><em><u>period</u></em><em><u> </u></em><em><u>to </u></em><em><u>report</u></em><em><u> </u></em><em><u>revenues</u></em><em><u> </u></em><em><u>and </u></em><em><u>expenses</u></em><em><u> </u></em><em><u>in </u></em><em><u>the </u></em><em><u>proper </u></em><em><u>period</u></em><em><u> </u></em><em><u>and </u></em><em><u>assets </u></em><em><u>and </u></em><em><u>liabilities</u></em><em><u> </u></em><em><u>at </u></em><em><u>appropriate</u></em><em><u> </u></em><em><u>amounts.</u></em>

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Briana Foods Inc., a manufacturer and distributor of grocery products, uses online recruiting for sales personnel.On its Website
valentinak56 [21]

Answer:

C) Providing an honest assessment of the job

Explanation:

In the given scenario the online recruitment process begins with a detailed job description of the sales representative position.

A job description is a statement of the requirements of a job role and also indicates key success steps on the job

Briana states that - A sales representative is required to distribute, sell, and promote Briana products.He or she should be the primary link with retail customers and consumers, execute company promotions, meet inventory needs, and monitor the competition within their region.A representativespends most of the worktime communicating with the customer to create a win-win solution.

This provides the applicants with a honest assessment of the job so they will know what to expect should they be successful

7 0
3 years ago
A physical count of Ayayai Company’s inventory at year-end determined that inventory on hand had a value of $1,628,000. Upon fur
fgiga [73]

Answer:

The amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022 is $1,504,800

Explanation:

In order to calculate the amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022 we would have to make the following calculation:

amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022= Inventory as per physical count -inventory purchase-goods shipped-goods held on consignment

amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022= $1,628,000-$51,900-$55,500$-$16,300

amount that should be reported for inventory on Ayayai Company’s balance sheet at December 31, 2022=$1,504,800

3 0
4 years ago
For each of the following kinds of insurance, give an example of behaviour that can be normal hazard and another example of beha
algol13

Answer:

Health insurance: working without safety equipment

Car insurance: reckless drive

Health insurance: withhold of the information that the insured is a smoker

Car insurance: withhold of the information that insured lives in neighborhood with high crime levels

Explanation:

Moral hazard relates to the behavior that enlarges the possibility of occurrence of undesired events that is insured. In health care the example could be a person that does risky jobs without wearing safety equipment. That is something that can easily lead to that person's deterioration of health at job. In car insurance, that can be reckless drive of an insured. Adverse selection happens when for instance signee of policy insurance withholds certain information, whose revelation would have potential elevating effect on paid premiums. In healthcare it could be non-disclosure of the information that the insured is a smoker, where in the application says otherwise. In car insurance it could be withhold of the information that the insured lives in the neighborhood with high crime level, while in the policy it is stated otherwise.

5 0
3 years ago
Bruner Stores wants to have 900 shovels in ending inventory on December 31. Budgeted sales for December are 2,500 shovels. The N
ziro4ka [17]

Answer: 2,900 shovels

Explanation:

Ending Inventory = Beginning Inventory + Total Inventory Purchased - Sales

900 = 500 + Total produced - 2,500

Total Purchased  = 900 + 2,500 - 500

Total purchased = 2,900 shovels

NB; There was no beginning balance in your question so I gave a random figure of 500 units. Use the equation if the figure is different.

5 0
4 years ago
Assume that the relationship between test scores and the student-teacher ratio can be modeled as a linear function with an inter
lianna [129]

Answer:

The correct option is D) reduce test scores by 4.56 for every school district.

Explanation:

Based on the information in the question, the relationship between test scores and the student-teacher ratio can be mathematically written as follows:

x = 698.9 - 2.28y .................... (1)

Where,

x = test scores

y = student-teacher ratio

The a slope of (-2.28) indicates the amount by which x will change whenever there is a change in y.

Therefore, when there is a decrease in the student teacher ratio by 2 (i.e. y = 2), we will have:

Change in x = -2.28 * 2 = -4.56

The negative sign therefore indicate that the test scores will reduce by 4.56 for every school district. Therefore, the correct option is D) reduce test scores by 4.56 for every school district.

5 0
3 years ago
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