Although the perpetual inventory system updates accounting records after each sale, a physical count is necessary at year-end to identify issues such as ________ and

Answers

Answer 1

Answer:

customer theft; spoilage.

Explanation:

A perpetual inventory system is a type of inventory management that continuously records in real-time the amount of inventory sold or purchased through the use of enterprise software or technological software applications such as a point of sale (POS).

Under a perpetual system of inventory, updates of the journal entry for cost of goods sold or received would include debiting accounts receivable and crediting sales immediately as it is being made or happening. The advantage of the perpetual system of inventory over the periodic system of inventory is that, it ensures the inventory account balance is always accurate provided there are no spoilage, customer theft, etc.


Related Questions

Which section of a business plan gives details about a business’s core products and services?
The section of a business plan talks about a business’s core products and services, and their features and benefits to the consumers.

Answers

Answer:

Executive summary.

Explanation:

A business plan can be defined as a formally written document that comprises of the financial and operational objectives (plans) of a business firm.

Basically, a business plan is a roadmap or guide that outline the goals of a business, methods on how to achieve those goals, and the timeframe required to achieve those goals.

A business plan should be written in such a way that it comprises of all the important informations that an investor looks out for, in order to convince him or her to invest money in the business. Thus, the main section (contents) of a business plan include the following;

I. Title page.

II. Market analysis and competition.

III. Industry overview.

IV. Operating plan.

V. Sales and marketing plan.

VI. Financial plan.

VII. Management plan.

VIII. Appendices and exhibits.

IX. Executive summary.

The executive summary section of a business plan talks about a business’s core products and services, and their features and benefits to the consumers. Thus, the executive summary is the most important section of a business plan because it provides a concise summary of the business and it's the first section to be seen by an investor.

The most long-lasting strategic alliances Multiple Choice (1) involve collaboration with suppliers or distribution allies, or (2) conclude that continued collaboration is in their mutual interest, perhaps because new opportunities for learning are emerging. aim at insulating the partners against the impacts of the five competitive forces and industry driving forces. are those whose purpose is helping a company master a new technology. are those formed to enable the partners to be consistent first movers or fast followers. aim at teaming up with world-class suppliers or else companies with world-class know-how in product innovation.

Answers

Answer:

(1) involve collaboration with suppliers or distribution allies, or (2) conclude that continued collaboration is in their mutual interest, perhaps because new opportunities for learning are emerging.

Explanation:

The strategic alliances that are long lasting should include the collaboration made with the suppliers also it is concluded that if there is continued collaboration so it is a mutual interest so new opportunities that are learned should be emerged

Therefore the first two options should be considered

What may a vertically integrated company need to do when there are improvements in technology at the supply stage of the value chain? (Choose every correct answer.)

Answers

Answer:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

Explanation:

You didn't provide the options but I searched online and got the options from which the correct answers were chosen.

Vertical integration occurs when the suppliers or retailers is being controlled or owned by a company and hence, control its supply chain. This brings about reduction in costs and the improvement in efficiencies.

When there are improvements in technology at the supply stage of the value chain, the company will need to:

• may be required to incur high costs for abandoning old technologies in an effort to keep pace with suppliers.

• may need to continue producing suboptimal products rather than upgrading its technology

The average U.S. worker is MOST likely to hold about _____ jobs between the ages of 18 and 25. Please choose the correct answer from the following choices, and then select the submit answer button. three two seven five

Answers

The correct answer is 2 to 3

Suppose a competitive industry faces an increase in demand​ (i.e., the demand curve shifts​ upward). What are the steps by which a competitive market ensures increased​ output? Will your answer change if the government imposes a price​ ceiling? If demand​ increases, then output will increase with competition because A. price will​ decrease, decreasing​ profit, prompting existing firms to stop producing output. B. average cost will​ decrease, increasing​ profit, prompting . C. price will become less than marginal​ cost, prompting . D. price will​ increase, increasing​ profit, prompting . E. price will​ increase, increasing​ profit, prompting .

Answers

Answer: price will​ increase, increasing​ profit, prompting new firms to begin producing output.

Explanation:

If competitive industry faces an increase in demand​ that is, the demand curve shifts​ upward, this will lead to.a increase in the price of the food or service.

As a result of the fact that there is an increase in price coupled with the increase in demand that resulted in the rice in price, then the profit will increase. This will prompt new firms to begin producing output.

In _____ planning, frontline managers usually focus on routine tasks such as production runs, delivery schedules, and human resource requirements.

Answers

Answer:

operational

................

Carlos is asked about a product that he has never seen or used before. In this scenario, Carlos is likely to

Answers

Answer:

find it difficult to communicate meaningful opinions.

Explanation:

Communication is the process by which an individual passes across information in a form that can be understood by the recipient, and it should elicit the desired action in the receiver.

However if the sender has insufficient information he will not be able to access relevant information.

This is the situation in the given scenario where Carlos is asked about a product that he has never seen or used before. In this scenario.

He is likely to find it difficult to communicate meaningful opinions.

Suppose that you purchase a 182-day Treasury bill for $9,850 that is worth $10,000 when it matures. The security's annualized yield if held to maturity is about A. 1.5%. B. 2%. C. 3%. D. 6%.

Answers

Answer:

Annual interest rate= 3%

Explanation:

Giving the following information:

Present value= $9,850

Future value= $10,000

Number of days= 182

First, we need to calculate the daily interest rate. We will use a financial calculator (the formula is incredibly difficult to use):

Function= CMPD

n= 182

I%= SOLVE = 0.0083

PV= 9,850

FV= -10,000

Now, the annual interest rate:

Annual interest rate= 0.0083*365= 3.02 = 3%

Dana believes that a new phone to be sold by Ear Fruit Inc. will become the most popular phone in the global market. Dana enters into a contract to buy 500 shares of Ear Fruit stock, anticipating an increase in its value. The phone does not become popular, and the price of the stock does not rise. Dana can recover Group of answer choices

Answers

Answer:

rf

Explanation:

rcddr6dutft7dfr6d6rdr6xkrxitxurxyrrrxutccfxy

5. Give an example of 'Post Purchase Behavior being important in the buying
process of an individual buyer.

Answers

The correct answer to this open question is the following.

Although there are no options attached we can say the following.

This would be my example of Post Purchase Behavior being important in the buying process of an individual buyer.

When an individual buys a car, the seller usually shows a great attitude to take care of the client, he continually answers questions and facilitates the process. But the deal is done, it seems that the salesman and the company automatically disappear.

Post Purchase Behavior is important in the buying process of an individual buyer because it really shows the interest and the willingness of the company to take care of their clients. Here is when the salesman or the customer care agent follows up and offers the client a series of services or options to make the client feel comfortable and assure him that he did the best purchase.

The customer care agent can frequently call the client or contact him through email, to ask about how he feels with his new car, if he has encountered any problems if the company can be of help, maybe offering the client a "thank you gift" to create a loyalty bond, and more.

Ingredients for making simple homemade doughnuts​

Answers

Answer:

1 cup (240ml) whole milk, warmed to about 110°F (43°C)*

1 Tablespoon active dry yeast*

1/3 cup (65g) granulated sugar.

2 large eggs.

6 Tablespoons (86g) unsalted butter, melted and slightly cooled.

1 teaspoon pure vanilla extract.

1/4 teaspoon ground nutmeg.

1/2 teaspoon salt.

Kimberly is 7 years old. She asks her mother to buy her clothes at the start of the new academic year. However, her mother tells her that she won't buy too many clothes now as Kimberly will grow them out soon. She expects Kimberly, on an average, to gain _____ pounds per year during middle and late childhood. Group of answer choices

Answers

Answer:

5 to 7

Explanation:

Middle and Late Childhood

This is said to occur between children of 7 and 12 years old. In this stage, years, children grow taller, heavier, stronger and has more physical skills and new cognitive skills. There are some changes to children's social and emotional lives in this stage as well as changes in parent and peer relationships.

The Physical development in middle and late childhood in terms of body and growth and change.

During this period of middle and late childhood, children develop slow, consistent growth. In elementary school years, it is said that children grow an average of 2 to 3 inches a year and gain about 5-7 pounds a year during middle and late childhood. Muscle mass and strength also increases in the children at this stage of growth.

name the industry customers for smart watches ?what do you mean / what is the meaning of industry customers?

Answers

Answer:

Industrial customer means a customer engaged primarily in manufacturing or processing which changes raw or unfinished materials into another form or creates another product.

In a(n) ________ organization, the decision-making authority is delegated as far down the chain of command as possible.

Answers

Answer:

decentralizated.

Explanation:

It is correct to say that in an organization with a decentralized structure, the decision-making process is delegated as far down the chain of command as possible, that is, the lower hierarchical levels also contribute to the company's decision-making process.

The advantages of a decentralized organization are that this structure allows for greater flexibility in processes, ensures faster decision-making, greater independence and autonomy in business areas, can bring greater innovation and faster solution to organizational challenges.

What is NOT a reason why ERP systems are expensive?a) The software is expensive.d) They need organizational changes and change how people work.b) There is an immense amount of work required to implement. e) They do not require business process redesign.c) There are a variety of covert costs like support, training, and project management.

Answers

Answer:

e) They do not require business process redesign.

Explanation:

Enterprise resource planning is a software management system that aims at unifying data in modern businesses thus ensuring a smooth flow of information. Since ERP's do not require a redesign of the business process, but rather improve on them, they in effect save cost for the organizations.

When ERP's are introduced in businesses, the staff will need to be trained on how to use the software. This training and support will come with financial costs. Also, the software itself costs a lot of money and will change the way the business is run.

Classical economist David Hume observed that as the money supply expanded after gold discoveries it took some time for prices to rise and in the meantime the economy enjoyed higher employment and production. This is inconsistent with monetary neutrality because monetary neutrality would mean that a. the prices should have risen, but production should not have changed. b. neither prices nor production should have risen. c. production should have risen, but prices should not have. d. the prices and production should both have fallen.

Answers

Answer:

a. the prices should have risen, but production should not have changed.

Explanation:

In the case when the money supply is expanded after considering the discoveries of gold so here the prices are increased due to which the economy as the higher employment and the production level. But it is not consistent with the monetary neutrality as the prices are increased but the production level remain same or unchanged

developing a Business idea based o a passion to be self employed to utilize a skill or to meet market demand is the stage of
a.market research
b.conceptualization
c.creating the operational plan
d.planing

Answers

D because that is the right answer
the answer is dddddddddddd

What might happen if borrowers miss scheduled mortgage payments, fail to pay property taxes, or allow the property to fall into disrepair

Answers

Answer:

Authorize the property to deteriorate.

Explanation:

Example - Borrowers may suffer loan default if they fail to pay real estate taxes, allow their property to deteriorate, or miss regular mortgage payments.

Borrowers may suffer loan default if they skip regular mortgage payments, fail to pay real estate taxes, or allow the properties to fall into disrepair.

The relative price of good X is 5 units of good Y. It follows that the absolute price of good X can be ______________ and the absolute price of good Y can be ___________.

Answers

Answer:

$40,000 and $8,000

Explanation:

Relative price of good X is 5 units of good Y. The absolute value of good X is $40,000. Absolute value is the original value of a good while relative value is based on price of some identical or similar good. The absolute value of good Y is $8,000.

Rather than have the top level of management make all the decisions, Jake's company gives all lower-level managers the authority to make decisions for his or her department. Jake's company operates as a(n) ______ organization

Answers

Answer:

Decentralised organisation

Explanation:

Decentralised organisation are those in which most of the authority to perform tasks is given to.lower level management or even individual teams.

This results in a system where decisions are made faster.

Also a small amount of control is maintained for major decisions.

In the given instance Jake's company gives all lower-level managers the authority to make decisions for his or her department, this is a decentralised organisational system

Which component of an enterprise resource planning (ERP) system provides business-to-consumer (B2C) information related to order status and business-to-business (B2B) information related to suppliers and business partners

Answers

Answer:

E-commerce

Explanation:

Enterprise resource planning can be regarded as one that encompass

technologies as well as systems that is used by companies in managing and integrating their core business.

Electronic commerce known as

can be regarded as E-commerce and can be explained as buying as well as selling of goods/services, it can as well be defined as transmitting of funds as well as data through electronic network, these could be the internet. These business transactions can appear as business-to-business (B2B), it can also be seen as business-to-consumer (B2C), it also be in form of

consumer-to-consumer as well as consumer-to-business.

It should be noted that E-commerce

component of an enterprise resource planning (ERP) system provides business-to-consumer (B2C) information related to order status and business-to-business (B2B) information related to suppliers and business partners

A task force refers to any Question 1 options: informal group that has the same members as the permanent task-oriented group. formal group whose members work permanently and spend most of their time in that team. temporary team formed to solve a problem, realize an opportunity, or design a product or service. formal group whose members must be able to perform all tasks of the team.

Answers

Answer: temporary team formed to solve a problem, realize an opportunity, or design a product or service.

Explanation:

A task force is formed for the purpose of finding out how to fix a certain problem or realize a product or service.

Once this problem has been fixed or this good realized, the task force is disbanded because it is a temporary group that has fulfilled its objectives and so no longer has to be in effect. For instance, countries have Cov-id-19 taskforces who help coordinate responses to Corona and they will be disbanded when Corona is gone.

New technologies such as ________ and ________ led to a new boom era of oil and gas production in Texas beginning in 2008 and continuing through today.

Answers

Answer:

drilling; fracking

Explanation:

Martin's Yachts has paid annual dividends of $1.40, $1.75, and $2.10 a share over the past three years, respectively. The company now predicts that it will maintain a constant dividend since its business has leveled off and sales are expected to remain relatively constant. Given the lack of future growth, you will only buy this stock if you can earn at least a 12% rate of return. What is the maximum amount you are willing to pay to buy one share of this stock today

Answers

Answer:

$17.50

Explanation:

Price i would be willing to pay = last dividend paid / rate of return

2.10 / 0.12 = $17.50

in the indirect method of cash flows, which of the following would be added to net income?
a. a decrease in sales tax payable
b. an increase in inventory
c. a decrease in supplies
d. an increase in prepaid rent

Answers

Answer:

C. A decrease in supplies

Explanation:

#CARRYONLEARNING

True or false: One way a domestic company can successfully compete against a global business giant is by exploiting shortcomings in the global company's local distribution networks.

Answers

Answer:

Pretty sure is true

Explanation:

Answer:
True.
Explanation:

se the drop-down menu to complete each statement. A good is considered when producers can quickly supply more or less of it based on changing prices. A good is considered when producers can quickly change how much of it is supplied when prices change.

Answers

Answer: elastic; inelastic

Explanation:

A good is considered (elastic) when producers can quickly supply more or less of it based on changing prices while a good is considered (inelastic) when producers can quickly change how much of it is supplied when prices change.

In an elastic good, a change in price brings about a significant shift in the demand of such good while on the other hand, in an inelastic good, a change in price brings about an insignificant shift in the demand of such good.

Answer:

elastic, inelastic

Explanation:

bc i said so

Paden Company purchased merchandise from Emmett Company with freight terms of FOB shipping point. The freight costs will be paid by the

Answers

Answer:

Buyer (Paden Company)

Explanation:

The freight costs will be paid by the Buyer. FOB shipping point means that the Buyer takes all the risks and rewards associated with the purchase as soon as the goods leave sellers location.

The grouping of jobs into working units usually called departments, units, groups, or divisions is called ______.

Answers

Answer:

The grouping of jobs into working units usually called departments, units, groups, or division is called Departmentalization.

Explanation:

Departmentalization is the efficient and effective grouping of jobs into meaningful work units to coordinate numerous jobs—all for the expeditious accomplishment of the organization's objectives. They are; basic organizational units and coordinating structure.

A proposed area rezoning amendment will change land use from residential to manufacturing. Several homes are already located within the area proposed for rezoning. If the current zoning is amended, the residences will probably

Answers

Answer:

Become a preexisting nonconforming use

Explanation:

Zoning

This is simply defined as a known form of work or exercise of power which is in relation to the health, safety, welfare, and morals of the public and cannot be unreasonable or arbitrary .

The reason for zoning is territorial division that is in line with the character of the lands and structures and their unique usefulness for particular uses, and uniformity of use within the division.

Rezoning

This is simply defined as the altering (changing) the zoning classification to allow new and for different uses. It can be said to be adminstrative or legislative.

Zoning Challenges includes:

1) It does not conform to General Plan

2) There is no authority to regulate

3) Spot Zoning

4) Contract Zoning & Development Agreements etc.

Pre-existing Legal/Nonconforming Uses

The Pre-existing legal uses of land is said to be valid after a zoning change. Non-conforming uses may be iincreased or intensified only if they highly/adversely affect the community. They cannot be enlarged or changed.

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