Answer:
Explanation:
using the following formulars
Net purchase = (Gross Purchase) - (purchase return) - (purchase discount) + freight-in
Beginning inventory + Net purchases = cost of goods available for sales
Cost of goods sold = cost of goods available for sale - ending inventory
for 2013 we have that
beginning inventory = cost of goods available for sale - net purchases
Net purchases = 630 - 24 - 18 + 13 = 601
2013, beginning inventory = 876- 601 = 275
Ending inventory = 876 - 627 = 249
2014,
Begning inventory = closing inventory of 2013 = 249
Cost of goods available for sale = 621 + 225 = 846
Net purchase -Cost of goods available for sale - beginning inventory = 846 - 249 = 597
Gross purchase = 597 + 15 + 30 - 32 = 610
2015
Cost of good sold = 800 - 216 = 784
Net purchase = 800 - 225 = 575
purchase discount = 585 -575 - 14 + 16 = 12
B.
Customers will have a variety of flavors to choose from
Answer:
The correct answer is: reduce the world price of import when they levy a tariff.
Explanation:
Import tariffs make foreign goods more expensive, encouraging the purchase of domestic goods. Governments also justify applying tariffs to protect national jobs, infant industries, to retaliate against a trading partner, or to protect their consumers.
On the other hand, a less common tariff is the export tariff. That is, the one that is imposed on a good or service sold abroad in your country. They are generally imposed by countries that export primary products, either to increase incomes or to create shortages in world markets and thus raise world prices.
The imposition of tariffs is known as tariff barriers. In addition, there are non-tariff barriers to promote the protection of national industries. It consists of putting technical, legal obstacles, quotas or other measures that discourage importation.
Answer:
Explanation:
Step 1:
the auditor is required to provide reasonable assurance for the financial statement audited.To provide such reasonable assurance,appropriate evidence must be obtained to confirm that no material misstatement material is present in the financial statement
Step 2:
For each statement select true or false in the following manner
a. A recent improvement in computer hardware is the ability to automatically produce error listings. Previously, this was possible only when provisions for such a report were included in the program.
FALSE
b. The control of input and output to and from the information systems department should be performed by an independent data control group.
TRUE
c. An internal-audit computer program that continuously monitors IT processing is a feasible approach for improving internal control in OLRT systems.
TRUE
d. An internal label is one of the controls built into magnetic tape drive hardware by the hardware manufacturers.
FALSE
e. A limit test in a computer program is comparable to a decision that an individual makes in a manual system to judge a transaction's reasonableness.
TRUE
f. A principal advantage of using magnetic tape files is that data need not be recorded sequentially.
FALSE
g. A major advantage of disk files is the ability to gain random access to data on the disk.
TRUE
h. The term grandfather-father-son refers to a method of protecting computer records rather than to generations in the evolution of computer hardware.
TRUE
i. When they are not in use, tape and disk files should be stored apart from the computer room under the control of a librarian.
TRUE
