Change Control - An interaction by which alterations to records, expectations, or baselines related to the undertaking are distinguished, reported, supported, or dismissed.
Claims are archived, handled, observed, and overseen all through the agreement life cycle, for the most part as per the conditions of the agreement.
Essentially portrayed, the obtainment interaction starts with distinguishing a need, tracking down a dependable provider for it, paying for the provider's labor and products, and lastly representing it.
Addenda are composed text or potential drawings given to explain, reconsider, add to, or erase data in the first offering archives or in past Addenda. Addenda are given before the opening for offers. Addenda are Agreement Archives.
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Clap Off Manufacturing uses 1,400 switch assemblies per week and then reorders another 1,400. Assume the relevant carrying cost per switch assembly is $5.10 and the fixed order cost is $580.
a) Calculate the carrying costs.
b) Calculate the restocking costs.
c) Calculate the Economic Order Quantity
d) Calculate the EOQ number of orders per year.
Assume that $580 is the fixed order cost and that $5.10 is the proper carrying cost per switch assembly. ( Do not round your response to the next whole number; instead, enter it as directed.
By cost, what do you mean?
A cost is the value of money that has been used to create an item or deliver a service and is now unavailable for use in manufacturing, conducting research, selling it to consumers, or keeping accounts. A cost in business may be an acquisition cost, in which case the amount paid to acquire it is recorded as a cost.
A cost is the value of money that was spent to create something or deliver a service and is now unavailable for use in production, research, retail, or any other purpose.
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Which of the following is NOT an end goal of BOTH quality improvement programs and continuous process improvement?Select one:a. Achieving a specific set goalb. Reducing errors and defectsc. Improving efficiencyd. Improving profits
However, (D) boosting profitability is not the end goal of either quality improvement efforts or continual process improvement.
What are profits?The money that remains after paying your business expenses is your profit.
Gross profit, operating profit, and net profit are the three primary types of profit.
The largest profit is gross.
The amount left over after paying for the sold goods and services is displayed.
Revenue minus expenses equals profit.
You deduct some costs from the gross profit.
You deduct all costs to arrive at net profit.
The path to net profits includes operational and gross earnings.
There are three primary ways to measure profit.
These include operating profit, net profit, and gross profit.
However, neither quality improvement initiatives nor ongoing process improvement have increasing profits as their ultimate objective.
Therefore, however, (D) boosting profitability is not the end goal of either quality improvement efforts or continual process improvement.
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Complete question:
Which of the following is NOT an end goal of BOTH quality improvement programs and continuous process improvement?
A . Achieving a specific set goal
B . Reducing errors and defects
C . Improving efficiency
D . Improving profits
The following descriptions are characteristics of an indifference curve map. Identify the one description that is excluded from true indifference curve characteristics.
Group of answer choices
A) There is no crossing of indifference curves.
B)Each of the goods’ axes represent levels of utility.
C) There is equal utility with points along the same indifference curve.
D) Utility will increase if moving northeast to a new indifference curve.
An indifference curve shows a combination of two goods in various quantities that provides equal satisfaction (utility) to an individual.
What Is an Indifference Curve?The four characteristics of indifference curves are that they can never cross, the utility indicated by an indifference curve increases with increasing distance from the centre, they always slope downward, and they are convex.
An indifference curve is a graph that displays possible pairings of two goods or commodities that, when purchased in any combination along the curve, leave the buyer equally well off or happy.
If you enjoy both hot dogs and hamburgers, for example, you might not care whether you purchase 20 hot dogs and no hamburgers, 45 hamburgers and no hot dogs, or a combination of the two, such as 14 hot dogs and 20 hamburgers (see point "A" in the list below).
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Factory overhead includes: (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)
direct materialsunanswered
direct laborunanswered
indirect laborunanswered
depreciation on factory equipmentunanswered
depreciation on general and administrative computersunanswered
factory utilitiesunanswered
general and administrative utilities
Correct answer is All the cost that are associated to manufacturing goods.
Manufacturing is the making of items by hand or by way of machine that are intended to be sold to customers upon completion. Items used in manufacturing may be raw substances or factor components of a large product.
Manufacturing normally takes place on a large-scale manufacturing line with machinery and knowledgeable labour.
What are the three factors of manufacturing goods?Direct materials: Direct materials is a basic issue of manufacturing costs.Direct labor: Direct labor is a basic thing of manufacturing costs.Manufacturing overhead: These are indirect fabric and labor used in the manufacturing of a product.What are manufacturing goods example?They encompass steel, chemicals, paper, textiles, machinery, clothing, vehicles, etc.
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https://brainly.com/question/1082619#SPJ4FILL IN THE BLANK A coworker who is introverted, communicates directly, bases decisions on objective factors and is well-organized, like George in the case study in the chapter, is probably a(n) _______________ personality type on the MBTI scale.
A coworker who is introverted, communicates directly, bases decisions on objective factors and is well-organized, like George in the case study in the chapter, is probably a(n) IST J personality type on the MBTI scale.
The Myers-Briggs Type Indicator is an introspective self-report questionnaire used in personality typology to identify different psychological preferences in how people see the environment and make decisions. Despite its popularity, the scientific community generally regards it as pseudoscience.
Introversion/extraversion, sensing/intuition, thinking/feeling, and judging/perceiving are the four categories. According to the MBTI, each person has one favorite trait from each category, resulting in 16 distinct types.
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For the purposes for which they are used, money market securities should have which of the following characteristics? I. Low trading costs II. Little price risk III. High rate of return IV. Life greater than one year O I and III O II and IV O III and IV O I and II
Money market securities might as well have low trading costs and low price risk for the reasons of course for they are being used. (D) The correct answers are I and II.
Which among the following characteristics are present in money market securities?
Cash flows are contractually determined and have a large denomination and a low default risk.
A commercial paper is a short-term unsecured promissory note that a business has issued.
A bankers acknowledgment is a time draft receivable to a good and services seller with reimbursement secured by a bank. Federal funds and renewal fees rates are stated on such a bond average basis with such a mutually supporting year.
The cash transfer yield of something like a money market investment is determined using the relation below.
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Information about cash flows can influence decision makers in important ways. Which of the following questions could be answered by the statement of cash flows? (Check all that apply)
O Does the company have the resources to pursue opportunities?
O Does the company have the ability to pursue opportunities?
The following questions could be answered by the statement of cash flows are given :
O Is the company generating more cash than it is spending?
O Is the company spending more cash than it is generating?
The movement of money in and out of a business is known as cash flow. It is a measure of cash associated with the operating activities of a company and is used to gauge its financial performance and liquidity over a certain period of time. Cash flow is separate from profit, as it measures the actual flow of cash into and out of a business, whereas profit measures the increase in value of a company over a particular time period. Cash flow includes money received from customers for goods and services, payments made to suppliers, wages and taxes paid, interest payments, and any other payments made or received by the business.
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1. Which of the following is true?a) A monopoly firm is a price-maker.b) MR = P if the demand curve is downward sloping.c) MR = MC is a profit-maximizing rule for firms in perfect competition only.d) Monopolies tend to charge lower prices than perfectly competitive firms.$500
The correct option is (A), i.e., A monopoly firm is a price maker. A monopoly is a sole establishment in the request to supply the good or service without any close cover.
The monopoly firm has no challengers and has high entry walls into the request. For the other request structures, profit is maximized at the point where MR = MC still; the monopolist will charge a price> borderline profit.
Hence, a monopoly is a price- maker due to the absence of competition from other enterprises and can charge high prices for as long as the consumer is willing to pay. MR = P for an impeccably competitive request only. For the monopoly, the MR wind has a different pitch than the demanding wind; thus, MR isn't equal to P. The condition for profit maximization for all request structures is MR = MC and not just for the perfect competition.
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Hudson Hotel collects 15% in city sales taxes on room rentals, in addition to a $2 per room, per night, occupancy tax. Sales taxes for each month are due at the end of the following month, and occupancy taxes are due 15 days after the end of each calendar quarter. On January 3, Year 2, Hudson paid its November, Year 1 sales taxes and its fourth quarter Year 1 occupancy taxes. Additional information pertaining to Hudson's operations is:
Year 1 --- Room Rentals --- Room Nights
October $100,000 -------- 1,100
November 110,000 ------- 1,200
December 150,000 ------ 1,800
What amounts should Hudson report as sales taxes payable and occupancy taxes payable in its December 31, Year 1, balance sheet?
Sales Taxes --- Occupancy Taxes
A. $39,000 $8,200
B. $54,000 $6,000
C. $39,000 $6,000
D. $54,000 $8,200
$54,000 and $8,200 amounts should Hudson report as sales taxes payable and occupancy taxes payable in its December 31, Year 1, balance sheet. Hence, option D is correct.
Occupancy taxes, also known as hotel taxes, hotel/motel taxes, lodging taxes, and transient room taxes, are primarily levied on short-term lodging rentals. The total amount of sales taxes that a company has amassed from customers on behalf of a governing tax authority is kept in an account known as sales taxes payable.
The first step is to figure out the taxes, which have a 15% tax rate.
$100,000*(15/100) Equals $15,000 for October$110,000* (15/100) in November equals $16,500.Dec: $150,000 * (100/15) = $22,500$54,000 in total sales taxesNext, we figure out occupancy taxes ($2 per night).1100 nights times $2 equals $2,200 in October.1200 nights times $2 is $2,400 in November.December: (Nights) 1800 * $2 = $3,600Eight thousand two hundred dollars in occupancy taxes overallTo know more about sales taxes payable: https://brainly.com/question/2819164
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Which of the following is a regional political and economic union that promotes trade by removing trade barriers and adopting a common currency?
EU
Economic integration, often known as regional integration, is a multi-country agreement to lower or abolish trade barriers and agree on fiscal policies. For example, the European Union represents total economic integration.
Economic integration is a treaty between states that often includes the reduction or elimination of trade barriers as well as the coordination of monetary and fiscal policies. Strict nationalists may be opposed to economic integration owing to fears about losing sovereignty. Economic integration attempts to cut prices for both consumers and producers while also increasing commerce between the nations included in the agreement. When regional economies choose to integrate, trade barriers disappear and economic and political cooperation improves. Economic integration is divided into seven stages, according to experts: preferential trading area, free trade zone, customs union, common market, economic union, economic and monetary union, and total economic integration.
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Tag Heuer comes up with a new range of luxury watches, targeting the rich and privileged section of the market that has the resources to buy luxury cars and other luxury goods. Which of the following demographic descriptors is being emphasized in this case?
Special Considerations demographic descriptors is being emphasized in this case.
Statistics that characterize populations and their traits are known as demographics. The study of a population based on characteristics like age, race, and sex is known as demographic analysis. Socioeconomic information expressed statistically, such as employment, education, income, marriage rates, birth and death rates, and more, is referred to as demographic data.
Governments, businesses, and non-governmental organizations utilize demographics to find out more about the characteristics of a population for a variety of reasons, such as economic market research and policy formation. For instance, a business selling luxury RVs may wish to target people who are approaching or in retirement age and increase the proportion of people who can afford their products.
The gathering and analysis of information about the fundamental traits of certain populations is known as demographic analysis. It is widely employed as a tool in business marketing to ascertain the most effective manner to connect with clients and gauge their behavior. Companies can estimate the size of a potential market by demographically segmenting a population.
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Compared to the short-run demand for oil, the demand for oil, in the long run, will tend to be _____ elastic.
A) more
B) less
C) equally
Price Elasticity:
In a market, the price elasticity of demand may differ in the short-run and the long run due to consumer's adaptive behavior. This price elasticity is different for different types of output based on consumers' needs and wants.
Elasticities are often lower in the short run than in the long run.
Why is oil more elastic in the long run?The supply and demand curves are not less elastic with time as the supply and demand for oil vary more widely. In a lengthy time horizon for which the demand curve is more elastic, both the ability of consumers to preserve their money and the enterprises' ability to explore for oil have risen.
The amount of fuel demanded only modestly decreases in the initial months when fuel prices rise. The demand for fuel may therefore be very inelastic in the short term. Long-term price elasticity of oil demand, however, may be higher.
Over a longer time frame, changes that are just not feasible in a short amount of time are feasible.
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A _____________ dividend, declared by a corporation's directors, is a distribution of additional shares of the corporation's own stock.
Stock or scrip tips are those paid out in the form of fresh shares of the issuing pot or another pot( similar to its attachment pot).
They're generally issued in proportion to shares possessed( for example, for every 100 shares possessed, a 5-stock tip will yield 5 redundant shares). A tip declared by the board of directors of a company between two periodic general meetings is called an interim tip.
As per Section 2( 35) of the Companies Act, the tip includes an interim tip also. The Board of directors has the power to declare interim tip. Companies frequently pay out a portion of their gains as tips to the shareholders. Tip payouts are a way to give shareholders with a return on their investment. The board of directors issues a protestation stating how important will be paid out and over what timeframe.
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Sioux Co. replaced the roof on its existing building, therefore increasing the building's life by 10 years. The cost of the roof is considered a(n):
extraordinary repair
The old building's lifespan was extended by 10 years after Sioux Co. renovated the roof. Roof replacement costs are regarded as an unusual repair.
Are expenditures that extend the asset's useful life beyond its original estimate?Uncommon repairs, Repairs that go above and beyond what was first estimated are considered extraordinary. Since they benefit future periods, extraordinary repairs qualify as capital expenditures. Credit is applied to the asset account for their costs (or to Accumulated Depreciation). Improvements is the final word that fills in the blank above.
Walkways and fences are examples of land improvements, which are assets that enhance the value of a piece of land and are depreciated because of their short lifespan. Goodwill develops when the amount paid by the purchasing business exceeds the total of the identifiable individual assets bought less liabilities taken, based on their fair values. In the early years of an asset's useful life, the DDB approach records higher depreciation expenses; in the later years, it records lower expenses.
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WILL GIVE BRAINLIEST
How do managers estimate fixed and variable labor costs?
By developing a staffing guide
Through job analysis
Solely by the use of forecasting tools
By comparing productivity and performance standards
By comparing productivity and performance standards.
which of the following liets the lveld of managmenet from highest to lowest on tbe mangerial phramid
The top, middle, first-line, team leaders let leveled of the management from highest to lowest on the managerial pyramid.
What is management?Management is the process of managing and overseeing the activities, regardless of the form, function, structure, or size of the organization. Management oversees a team of people that work for the company and coordinates their efforts to achieve the shared goal. A vast number of individuals who each have their own wants, objectives, and viewpoints make up an organization. Even though each member of the organization first joins for a different reason, once they are there, everyone works toward the same objective. Management is needed to provide the oversight, collaboration, and coordination that are required. A variety of social, political, legal, technological, and economic elements make up the environment in which a corporate entity functions.
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A(n) ________ is established when one party licenses another party to use the first party's trade name, trademarks, commercial symbols, patents, copyrights, and other property in the distribution and selling of goods and services.general partnershipimplicit contractfranchiseproprietorship
A franchise is established when one party licenses another party to use the first party's trade name, trademarks, commercial symbols, patents, copyrights, and other property in the distribution and selling of goods and services.
What are trademarks, copyrights, and patents?
Brands, logos, and slogans are protected by trademarks, innovative scientific discoveries and methods are protected by patents, and original literary works are safeguarded by copyright laws.
The ability to safeguard a company's valuable assets, such as patents, trademarks, copyrights, and trade secrets, depends on having a solid grasp of how these assets operate and are produced.
Who is known as a patent?
An invention gets given a patent, which is an exclusive privilege. To put it another way, a patent is an exclusive right to a good or a process that typically offers a new method of doing something or a new technical fix for a problem.
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kinship network clan division of labor oral tradition feudalism renaissance columbian exchange conquistador colony reformation joint-stock company indentured servant enclosure movement great migration
The terms in the list relate to different historical events, social structures, and cultural practices. Here is a brief description of each term:
Kinship network: A social system based on family relationships and blood ties.
Clan: A group of people related by blood or marriage, often with a common ancestor.
Division of labor: Dividing work into different tasks based on skill, age, or gender.
Oral tradition is a way of transmitting cultural knowledge, beliefs, and practices through word of mouth.
Feudalism: A social structure and economic system based on land exchange for military protection and service.
Renaissance: A period of European cultural, artistic, and intellectual renewal from the 14th to the 17th century.
Columbian Exchange: The exchange of goods, animals, plants, and diseases between the Americas and Europe after Columbus' voyages.
Conquistador: A Spanish conqueror who participated in the colonization of the Americas.
Colony: A territory controlled by a foreign power.
Reformation: A 16th-century movement in Europe that sought to reform the Catholic Church and challenge its authority.
Joint-stock company: A business organization where ownership is divided into shares and traded on a stock exchange.
Indentured servant: A person who agreed to work for a set period of time in exchange for passage to a new country.
Enclosure movement: Consolidating small plots of land into larger, more efficient farms.
Great Migration: The large-scale movement of people from rural areas to cities in the late 19th and early 20th centuries.
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given that jacob's chocolates company had beginning retained earnings of $4,000; net income during the period of $10,000; and dividends of $300 calculate the ending balance in the retained earnings account. multiple choice question. $13,700 $14,300 $6,300
Answer: $13700
Explanation:
question a national charity contacted 100 randomly selected people by phone, and 7 percent of those contacted made a donation to the charity. the population proportion of those who make a donation when contacted by phone is known to be p
The average of all sample proportions of donors from all randomly selected samples of 100 phone contacts is 0.05.
How can I calculate the sample proportion?The formula for the sample proportion P is P=X/N, where X stands for the number of successes and N for the sample size.
What does sample size's sample proportion mean?You anticipate the sample fraction to reflect the outcomes. This can frequently be ascertained by using the findings of an earlier survey or by conducting a brief pilot study. Use 50% if you're unsure because it's conservative and produces the biggest sample size.
What does sample percentage vs. population proportion mean?A population proportion, abbreviated as p, is the percentage of people in a population who share a particular trait. The sample proportion, abbreviated p, is the percentage of people in a sample who share a particular trait.
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in a manufacturing firm, costs incurred to research a more fuel efficient engine would be classified as multiple choice upstream costs midstream costs downstream costs both midstream and downstream costs
Upstream costs are those incurred in a manufacturing company to investigate the development of an engine that is more fuel efficient. cost-up front.
What is an example of manufacturing?
Manufacturing has been around for millennia, and it was first carried out by experienced artisans who occasionally worked with helpers and handed down their knowledge through apprenticeships. Manufacturers might have become members of guilds that would defend the rights and trade secrets of these artisans. Alternately, production may occur on a smaller scale, frequently in rural regions, where artisans would augment agricultural subsistence by home-based manufacturing. Through the putting-out method, these industrial houses were occasionally organised into connected firms.
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which of the following items is something a lender is prohibited from doing if the lender wants to write qualified mortgages?
Payback terms longer than 30 years is something a lender is prohibited from doing if the lender wants to write qualified mortgages.
An arrangement known as a mortgage is made between you and a lender and provides the lender the right to seize your property in the event that you are unable to pay back the amount you borrowed plus interest. Mortgage loans are used to purchase a property or to obtain financing based on the worth of a home that is already owned. To remodel, build, or purchase a residential property, you can get a house loan. As security for the loan, lenders view the house or other property. Loans against properties, or mortgage loans, on the other hand, are loans that are accepted as security for real estate. Either conforming loans or non-conforming loans can be used to describe any sort of mortgage.
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Watson and Hoffman's study on leadership emergence with regard to gender-biased perceptions would suggest a. Influential women were rated the same as men in terms of leadership. b. Women are much more likeable than men. c. Emergence in leadership has little to do with gender bias. d. There continue to be barriers to women's emergence as leaders in some settings. e. Men are always more influential within groups and organizations.
Watson and Hoffman's study on leadership emergence with regard to gender-biased perceptions would suggest that there continue to be barriers to women's emergence as leaders in some settings.
Watson and Hoffman's study on leadership emergence which is with regard to gender-biased perceptions would suggest that there continues to be barriers to women's leadership emergence, as women may be rated lower than the comparable men on the leadership due to the gender-biased perceptions.
However, the positive communication behaviors, such as being verbally involved, being informed, seeking others' opinions, initiating new ideas, and being firm but not rigid account for successful leadership emergence.
Hence, option D is correct.
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question 7 which of the following explains how a project manager best accomplishes their responsibilities? select all that apply.
Out of the choices provided above, the ones that explain how a project manager best accomplished their responsibilities include,
Knows what the project team needs to accomplish and whenCommunicates key project milestones to stay on taskHelps the team get what they need to keep the project goingTherefore, the options B, C, and E hold true.
A project manager can be understood as a person who is designated at the post as such to fulfill certain specific responsibilities, which also include building up a team and utilizing the available resources effectively to accomplish the different project that he or she manages.
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Complete question
Which of the following explains how a project manager best accomplishes their responsibilities?
Select all that apply.
Assigns project tasks to the appropriately-skilled stakeholders
Knows what the project team needs to accomplish and when
Communicates key project milestones to stay on task
Establishes the budget after the project begins
Helps the team get what they need to keep the project going
Interest, inflation, and purchasing power Suppose Dalton is an avid reader and buys only reusable tote bagses. Dalton deposits
$4,000
into a savings account that pays an annual nominal interest rate of
10%
. Assume this interest rate is fixed, and so it will not change over time. On the day she makes her deposit, suppose that a reusable tote bags has a price of
$20.00
. Initially, Dalton's
$4,000
deposit has a purchasing power of reusable tote bagses. For each of the annual inflation rates given in the following table, first determine the new price of a reusable tote bags, assuming it rises at the rate of inflation. Then enter the corresponding purchasing power of Dalton's deposit after one year in the first row of the table for each inflation rate. Finally, enter the value for the real interest rate at each of the given inflation rates. Hint: Round your answers in the first row down to the nearest reusable tote bags. For example, if you find that the deposit will cover
20.7
reusable tote bagses, you would round the purchasing power down to 20 reusable tote bagses under the assumption that Dalton will not buy seven-tenths of a reusable tote bags. When the rate of inflation is equal to the interest rate on Dalton's deposit, the purchasing power of her deposit over the course of the year.
The purchasing power of Dalton's deposit will remain the same throughout the year when the rate of inflation is equal to the interest rate on her deposit.
Inflation rate :The rate of inflation The first step in determining Dalton's deposit purchasing power is to determine the new price of reusable tote bags one year later, assuming that it rises at the same rate as inflation.
For instance, if the rate of inflation is 10%, the new price of reusable tote bags will be $22.00 in a year. After that, the corresponding deposit one-year purchasing power can be determined. For instance, if Dalton has a deposit of $4,000 and the new price of reusable bags is $22.00, her deposit will cover 180.9 bags, giving her the purchasing power of 180 bags.
At each of the given inflation rates, the real interest rate can then be calculated. The difference between the nominal interest rate and the rate of inflation is the real interest rate. At 10% inflation, the real interest rate in this example is 0%.
This is because the nominal interest rate will be nullified by the rate of inflation, resulting in a real interest rate of zero percent. Dalton's deposit's purchasing power will remain unchanged in this circumstance.
Rate of inflation, the new tote bag price, the purchasing power of a deposit, and the real interest rate
----------------------------------------------------------------------------------------------------
2% | $20.40 | 19 tote bagses | 8%
4% | $20.81 | 18 tote bagses | 6%
6% | $21.23 | 17 tote bagses | 4%
8% | $21.65 | 16 tote bagses | 2%
10% | $22.08 | 15 tote bagses | 0%
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Due to lack of necessary supply of capital in under-developed countries.
Low capital formation is caused by a lack of capital supply and a high demand for capital.
Why was lack of necessary supply of capital in under-developed countries ?However, the process of capital development is not accelerated in underdeveloped nations due to a lack of the essential supply of capital. Capital formation thus stays at a modest level.
The following factors contribute to the low pace of capital generation in developing nations:
(A) Savings within the country are minimal.
(b) There aren't enough dynamic, brave, and honest businesspeople to take on the responsibility of making investments and taking risks.
(b) There is very little inducement to invest.
Any business or industry that caters to a low-income country's domestic market may find it difficult to apply money because of the market's small size.
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Low capital formation is caused by a lack of capital supply and a high demand for capital.
What is capital formation?Capital formation is the net increase in capital for a country over an accounting period. The phrase describes the addition of capital items including machinery, tools, vehicles, and electricity.
To replace the outdated equipment used to generate products and services, nations need capital goods.
Production will decrease if a nation cannot replace capital goods when they reach the end of their useful lives. In general, an economy may increase its total income more quickly the greater its capital formation rate.
An increase in national income levels might result from increased production of products and service. A nation has to produce savings and investments from household savings or based on government policy in order to amass more capital.
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The sales revenue and correct inventory information for Talisman Corporation is provided below. Year 1 Year 2 Sales revenue $75,000 $80,000 Beginning inventory 10,000 12,000 Purchases 50,000 60,000 Ending Inventory 12,000 9,000 by mistake, the accountant at talisman recorded $15,000 as ending inventory for year 1. which of the following is true of the total amount reported for cost of goods sold over the two-year period from year 1 to year 2 because of the error? multiple choice increases by $3,000 decreases by $3,000 unaffected at $111,000 unaffected at $63,000
the total amount reported for cost of goods sold over the two-year period from year 1 to year 2 Decreases by $3,000.
Cost of goods sold (COGS) is calculated by taking the beginning inventory, adding the purchases and subtracting the ending inventory.
Year 1:
COGS = 10,000 + 50,000 - 15,000 = $45,000
Year 2:
COGS = 12,000 + 60,000 - 9,000 = $63,000
Total COGS over the two-year period = 45,000 + 63,000 = $108,000
Since an error was made in the ending inventory for year 1, the total amount reported for cost of goods sold over the two-year period from year 1 to year 2 is unaffected at $63,000. Therefore, the correct answer is option D: unaffected at $63,000.
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in assessing the competence of an internal auditor, an independent cpa most likely would obtain information about the quality of the internal auditor's working paper document.
An independent CPA should gather data on the following when evaluating the proficiency of the internal auditors: the standard of the working-paper documentation.
When assessing the auditors competence the independent auditor should obtain information about the?The auditor typically takes into account data from previous experience with the internal audit function, from conversations with management staff, and from a recent external quality evaluation, if conducted, of the internal audit function's operations when evaluating competence and objectivity.
Internal audit competencies typically fall into one of three categories: Technical accounting or auditing expertise; critical thinking and business knowledge; interpersonal and communication abilities.
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Which of the following statements is true?Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans.
The statement "Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans" is correct, so Option C is the correct answer.
Global trade in goods has increased rapidly since the Second World War and particularly in the last three decades. Food was no exception, as the global food network has become extremely complex and integrated, with over 1.1 trillion dollars in agricultural trading today.
In a peaceful world, a country can make a reason to cultivate the few products that it is suitable to manufacture, export what it really is capable of producing to a competitive advantage and import what it should not grow. It is a "comparative advantage" and a key economic theory supporter.
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---------------------- Correct question format is given below ---------------------
Which of the following statements is TRUE?
(A) Only Canada can benefit from trade because the United States has an absolute advantage in the production of both soybeans and alfalfa.
(B) Trade will benefit both countries because the United States has a comparative advantage in the production of soybeans and Canada has a comparative advantage in the production of alfalfa.
(C) Trade will benefit both countries because the United States has a comparative advantage in the production of alfalfa and Canada has a comparative advantage in the production of soybeans.
(D) Trade will benefit neither country because the United States has an absolute advantage in the production of both soybeans and alfalfa, but Canada has a comparative advantage in the production of both soybeans and alfalfa.
Which of these items do NOT appear on a balance sheet? - Knowledge that has no patent. - Favorable economic conditions. - Good management.
Correct answer is Favorable monetary conditions.
Off-balance sheet (OBS) belongings are assets that don't appear on the stability sheet. OBS belongings can be used to safe haven financial statements from asset possession and related debt. Common OBS belongings consist of accounts receivable, leaseback agreements, and operating leases.
What is a balance sheet used for?A balance sheet gives you a snapshot of your company's monetary function at a given point in time. Along with an profits assertion and a cash waft statement, a balance sheet can help enterprise owners evaluate their company's monetary standing.
How many sorts of stability sheet are there?Two types of balance sheet exist. They are the document shape and account form. Individuals and small corporations tend to have simple stability sheets. Larger agencies have a tendency to have extra complicated stability sheets, and these are in the organization's annual report.
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