subject
Business, 12.08.2020 05:01 samiksaRS

If the ending inventory of a firm is overstated by $60,000, by how much and in what direction (overstated or understated) will the firm's operating income be misstated? (Hint: Use the cost of goods sold model, enter hypothetically "correct" data, and then reflect the effects of the ending inventory error and determine the effect on cost of goods sold.)

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 20:20
If the government is required to balance the budget and the economy falls into a recession, which of the actions is a feasible policy response? cut taxes to encourage consumer spending invest in infrastructure increase government spending to stimulate the economy cut spending equal to the reduction in tax revenue what is a likely consequence of this policy? unemployment falls due to the economic stimulus. the negative consequences of the recession are magnified. consumer spending increases due to their ability to keep more of their after-tax income. there is hyperinflation due to an increase in aggregate demand.
Answers: 3
question
Business, 21.06.2019 20:30
marketing strategies should be established before marketing objectives are decided. t/f
Answers: 1
question
Business, 22.06.2019 01:40
Suppose general motors demands labor according to the labor demand function ν‘€ν‘€= 40βˆ’0. 5퐸퐸, where ν‘€ν‘€ is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by ν‘ˆν‘ˆ=ν‘Šν‘Šβˆ—νΈνΈ. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.
Answers: 1
question
Business, 22.06.2019 03:10
Beswick company your team is allocated a project involving a major client, the beswick company. although the organization has many clients, this client, and project, is the largest source of revenue and affects the work of several other teams in the organization. the project requires continuous involvement with the client, so any problems with the client are immediately felt by others in the organization. jamie, a member of your team, is the only person in the company with whom this client is willing to deal. it can be said that jamie has:
Answers: 2
You know the right answer?
If the ending inventory of a firm is overstated by $60,000, by how much and in what direction (overs...
Questions
question
Mathematics, 08.07.2019 02:30
question
History, 08.07.2019 02:30
question
Social Studies, 08.07.2019 02:30
question
Mathematics, 08.07.2019 02:30
question
Mathematics, 08.07.2019 02:30
question
Mathematics, 08.07.2019 02:30
question
Mathematics, 08.07.2019 02:30
question
Mathematics, 08.07.2019 02:30
question
Mathematics, 08.07.2019 02:30