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Ganezh [65]
3 years ago
10

Which of the following is a highly suspicious financial statement relationship? a. Increased revenues with increased cash flows

b. Increased volume with decreased cost per unit c. Increased inventory with decreased payables d. Increased inventory with increased warehousing costs
Business
1 answer:
Crank3 years ago
3 0

Answer:

The correct answer is letter "C": Increased inventory with decreased payables.

Explanation:

If in a general ledger there is more inventory but fewer account payables it is a clear indication that there has been a mistake recording the operations of a company or there are activities in the company that might be the result of fraud. Accounts payable represent obligations of the company to a third party because of short-term debt incurred. If there is more inventory, the logical is to have more accounts payable recorded.

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Mike, Matt, Brooke, and Kellie decide to go into business together. The form a limited partnership where Mike, Matt, and Brooke
Fed [463]

Answer:

$7,000

Explanation:

the partnership's net income = $160,000 - $100,000 - $24,000 - $28,000 = $8,000

since net income is divided equally among the 4 partners, then each partner is allocated $2,000

Kellie's capital account = $5,000 + $2,000 (her share of profits) = $7,000

if she withdraws more than $7,000, then she should report a gain in excess of basis

8 0
3 years ago
What are capital gains on an investment?
docker41 [41]
<span>income that investors earn from buying and selling investments
</span>
3 0
3 years ago
What is the ergonomically optimum body posture for performing all physical jobs?
mojhsa [17]

<u>Answer:</u>

Mid - Range

<u>Explanation:</u>

Ergonomics is the study of correct posture of body. It helps employees to work with ease and comfort. It provides correct chair height, adequate spacing for the legs. Employees feel stressed out by working for hours in the same position, correct posture can help them ease their joints and stretch. It helps in increasing their productivity and also reduces the risk of musculoskeletal  injuries.. An uncomfortable workplace can create health issues, like eye strain and muscle strain.

5 0
3 years ago
Sales revenue for a sporting goods store amounted to $528,000 for the current period. All sales are on account and are subject t
weqwewe [10]

Answer:

The answer is A. A debit to Accounts Receivable for $ 586,080

Explanation:

Sales tax is an additional amount of money one pays based on a percentage of the selling price of goods and services that are purchased.

The sales tax amount will be added to sales revenue to form the total bill.

Sales revenue ----------------- $528,00

Sales tax -------------------------- 11%

Sales tax amount

$528,00 x 0.11

= $58,080

Therefore, total bill is:

$528,00 + $58,080

=$586,080.

Debit increases an asset(accounts receivable) while credit decreases an asset(accounts receivable).

Since the accounts receivable will increase, it will be on debit side.

8 0
3 years ago
Curtis purchased stock with an initial share price of $140, and sold it when the share price was $119. While he owned the stock,
kondaur [170]

Answer:

i think it is 31 i hope this helps brainlist pls

4 0
2 years ago
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