All of the following are considered by analysts when assessing the quality of accounting except: A. Price variation and...
All of the following are considered by analysts when assessing the quality of accounting except:
A. Price variation and the speed at which inventory turns over
B. Any liquidation of FIFO inventory layers
C. Any physical deterioration or obsolescence of inventory
D. The inventory cost-flow assumption chosen by management
Homework Answers
| Option B is the answer | |
|
When assessing the quality of accounting by analysts consider Price variation and speed at which the inventory turns over or any spoilage of inventory. Comment if you face any issues |
Add Answer to:
All of the following are considered by analysts when assessing the quality of accounting except: A. Price variation and...
1.All of the following would be considered staff functions EXCEPT the a.vice president of corporate planning....
1.All of the following would be considered staff functions EXCEPT the a.vice president of corporate planning. b.vice president of finance. c.vice president of research and development. 2. Which of the following is an example of a staff position in an organization? a.Accountant b.Plant manager c.Sales officer d.Marketing manage d.vice president of marketing. 3. Competitive advantage is established by providing a.better quality than competitors. b.greater customer value for less cost than competitors. c.greater efficiencies than competitors. d.more customer products than competitors....
Answer T or F 1. Transportation-in is considered a cost of purchasing inventory 2. In many...
Answer T or F 1. Transportation-in is considered a cost of purchasing inventory 2. In many retail businesses, inventory is the largest current asset. 3. As inventory is sold in many retail businesses, the largest expense is created. 4. The cost of merchandise is inventory is limited to the purchase price less any purchase discounts. 5. A business using the perpetual inventory system, with its detailed subsidiary records, does not need to take a physical inventory. 6. One of the...
5. When the physical count of Rosanna Company's inventory showed only 54,350 at year-end and the...
5. When the physical count of Rosanna Company's inventory showed only 54,350 at year-end and the unadjusted balance in Inventory was $4,500, Rosanna will have to make the following entry: a. Cost of Goods Sold... 150 Inventory .... ........... b. Inventory ........ 150 Cost of Goods Sold... c. Income Summary ........... 150 Inventory ......... d. Cost of Goods Sold.......... 4,500 Inventory 4,500 6. A company's choice of an appropriate inventory cost flow assumption (FIFO, LIFO, etc.) is made by a....
Problem 20-13 Accounting changes and error correction; seven situations; tax effects considered [LO20-1, 20-2, 20-3, 20-4,...
Problem 20-13 Accounting changes and error correction; seven situations; tax effects considered [LO20-1, 20-2, 20-3, 20-4, 20-6] Williams-Santana, Inc., is a manufacturer of high-tech industrial parts that was started in 2006 by two talented engineers with little business training. In 2018, the company was acquired by one of its major customers. As part of an internal audit, the following facts were discovered. The audit occurred during 2018 before any adjusting entries or closing entries were prepared. The income tax rate...
QUESTION 19 Question 19: The following are all technical indicators except a. contrary opinion b. support...
QUESTION 19 Question 19: The following are all technical indicators except a. contrary opinion b. support and resistance levels c. calculations of a company's free cash flow d. moving averages e. analyzing price channels stocks were placed in 4 points QUESTION 20 Question 20: A company has a market capitalization of $30 billion, total assets on the books of $15 billion, net income of $5 billion and cash flow of $3 billion. Its P/E ratio is a. 5 b....
Managerial Accounting Question
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company’s products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,140 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding...
chapter 10 analytical thinking, accounting
TufStuff, Inc., sells a wide range of drums, bins, boxes, and other containers that are used in the chemical industry. One of the company’s products is a heavy-duty corrosion-resistant metal drum, called the WVD drum, used to store toxic wastes. Production is constrained by the capacity of an automated welding machine that is used to make precision welds. A total of 2,000 hours of welding time is available annually on the machine. Because each drum requires 0.4 hours of welding...
Novak Corporation sells coffee beans, which are sensitive to price fluctuations. The following inventory information is...
Novak Corporation sells coffee beans, which are sensitive to
price fluctuations. The following inventory information is
available for this product at December 31, 2018:
Coffee
Bean
Units
Unit Cost
Net Realizable
Value
Coffea arabica
11,700 bags
$5.60
$5.55
Coffea robusta
5,700 bags
3.40
3.50
Inventory at the lower of cost and net realizable value
$
84315
Prepare any journal entry required to record the LCNRV,
assuming that Novak uses a perpetual inventory system. (Round
answer to the nearest whole dollar,...
1. Which of the following would be considered more closely related to macroeconomics? A) a firm...
1. Which of the following would be considered more closely related to macroeconomics? A) a firm deciding how many workers to hire. B) a household deciding how much to spend on groceries. C) a government economist forecasting the unemployment rate. D) a business trying to decide how much outuput to produce. - 2. Which of the following is an example of using the scientific method with a natural experiment? A) Measuring how long it takes a marble to fall from...
11) Which of the following changes would NOT be accounted fo 1) - approach? 3 changes...
11) Which of the following changes would NOT be accounted fo 1) - approach? 3 changes would NOT be accounted for using the prospective nge in inventory costing from the LIFO method to the FIFO method. B) A change in depreciation methods from double-declining balance to straight-line. C) A change in a contingent liability related to litigation due to settlement of the claim. D) A change in the calculation of bad debt allowance due to new information about collectibility of...
5. When the physical count of Rosanna Company's inventory showed only 54,350 at year-end and the unadjusted balance in Inventory was $4,500, Rosanna will have to make the following entry: a. Cost of Goods Sold... 150 Inventory .... ........... b. Inventory ........ 150 Cost of Goods Sold... c. Income Summary ........... 150 Inventory ......... d. Cost of Goods Sold.......... 4,500 Inventory 4,500 6. A company's choice of an appropriate inventory cost flow assumption (FIFO, LIFO, etc.) is made by a....
Novak Corporation sells coffee beans, which are sensitive to
price fluctuations. The following inventory information is
available for this product at December 31, 2018:
Coffee
Bean
Units
Unit Cost
Net Realizable
Value
Coffea arabica
11,700 bags
$5.60
$5.55
Coffea robusta
5,700 bags
3.40
3.50
Inventory at the lower of cost and net realizable value
$
84315
Prepare any journal entry required to record the LCNRV,
assuming that Novak uses a perpetual inventory system. (Round
answer to the nearest whole dollar,...
11) Which of the following changes would NOT be accounted fo 1) - approach? 3 changes would NOT be accounted for using the prospective nge in inventory costing from the LIFO method to the FIFO method. B) A change in depreciation methods from double-declining balance to straight-line. C) A change in a contingent liability related to litigation due to settlement of the claim. D) A change in the calculation of bad debt allowance due to new information about collectibility of...
Most questions answered within 3 hours.
-
Your friend is interested in the characteristics of fast tree
planters. He searched through the records...
asked 1 minute ago -
. 0.67 g of Ag is deposited electrolytically from
AgNO3 after a certain period of time...
asked 2 minutes ago -
assuming that the boric acid, h3po3 present at the end of the
borax tritation has a...
asked 1 minute ago -
When a carbonate solution is acidified, carbon dioxide is
produced.
2H+(aq) + CO32-(aq) → H2O(l) +...
asked 40 minutes ago -
A reaction has the following rate law: Rate =
kr[A][B]2. In experiment 1, the
concentrations of...
asked 38 minutes ago -
king owns a large number of public pay phones. as rhe use of
payphones decline deamatically,...
asked 42 minutes ago -
3.7 - A book is sitting on a table. The mass of the book
is 1...
asked 58 minutes ago -
Which term describes the process by which a single strand of DNA
serves as a template...
asked 1 hour ago -
LAB FOOD DRING
ANSWER THE QUESTIONS:
Q1. What value is the moisture content versus time and...
asked 1 hour ago -
You are told that an object has zero acceleration. Two forces on
the object are: F_1...
asked 1 hour ago -
The usual starting point for preparing a master budget is
forecasting or estimating:
Multiple Choice
Sales....
asked 1 hour ago -
How to make a simple game in pygame where an object is randomly
falling from the...
asked 1 hour ago