Outline the two methods of taking a physical inventory count. Why is it necessary for every small
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 69% (13 reviews)
There are two basic methods of conducting a physical invento...View the full answer
Answered By
Ayush Jain
Subjects in which i am expert:
Computer Science :All subjects (Eg. Networking,Database ,Operating System,Information Security,)
Programming : C. C++, Python, Java, Machine Learning,Php
Android App Development, Xamarin, VS app development
Essay Writing
Research Paper
History, Management Subjects
Mathematics :Till Graduate Level
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Entrepreneurship and Effective Small Business Management
ISBN: 978-0133506327
11th edition
Authors: Norman M. Scarborough, Jeffrey R. Cornwall
Question Posted:
Students also viewed these Business Law questions
-
As a result of taking a physical inventory count on December 31, 2016, the Mona Lisa Company inventory was determined to be $61,500. The auditors for Mona Lisa suspected an inventory shortage and...
-
Why is it necessary for managers and other decision makers to understand how accounting information is developed and reported? Shouldnt it just be managements job to manage and the accountants job to...
-
Why is it necessary for business people to monitor political activity concerning international trade?
-
Several factors can impact the structural soundness of 3D-printed objects, including the struts that connect various pieces. The following data appears in the article Analyzing the Effects of...
-
A series RLC circuit is operating at 2 000 Hz. At this frequency, XL = XC = 1 884 . The resistance of the circuit is 40.0 . (a) Prepare a table showing the values of XL, XC, and Z for f = 300, 600,...
-
How good are you at thinking outside the box? Are you fixated on functionality? Try solving the following problem before googling the solution. You have the three items pictured here: a book of...
-
What is single-plane balancing?
-
Hatcher Township prepares its annual General Fund budget on the cash basis and maintains its accounting records on the cash basis during the year. At the end of Hatcher Townships 20X9 calendar year,...
-
Sandy Pears, Managing Director of Little Pear Juice Co, gives you feedback that $90.25 is the superannuation contribution amount paid for Daniella. Is the contribution amount paid to Daniella...
-
Use the Michaelis-Menten equation to calculate the missing values of [S] given below if Vmax = 5 mmol/min. Vims [S] K +[S] Plot [S] versus vo (not the reciprocals!). Draw a line parallel to the...
-
Describe some of the incidental costs of carrying and maintaining inventory for the small business owner.
-
Why are slow-moving items dangerous to the small business? What can be done to liquidate them from inventory?
-
Rivers Edge Canoe & Kayak is authorized to issue 10,000 shares of $100 par, preferred 9% stock and 500,000 shares of $5 par common stock. The following balances appeared in the Balance Sheet section...
-
True Or False Courts are more likely to find proximate cause in a strict liability case than in a negligence case and to deny liability if there is an unforeseen, intervening cause in a negligence...
-
What is the theory of alternate liability?
-
For goods to be ____________ they must be fit for the ordinary purpose for which such goods are used.
-
True Or False Obviousness of danger precludes an obligation to warn.
-
True Or False Most courts restrict contract recovery to economic losses and tort recovery to damages to property or persons.
-
Tides Tea Company began operations on January 1, 2018. During the first year of business, the company had the following transactions: January 18: The owners invested $200,000 (the par value of the...
-
How does the organizational structure of an MNC influence its strategy implementation?
-
1. Did Alexander Grant breach its duty of trust to Wagenheim and CDS? 2. What should Alexander Grant have done?
-
What does the Court mean when it says a reasonable jury could conclude that the Diocese, Sacred Heart, and Bishop Timlin were negligent or reckless in supervising and retaining Liberatore and also a...
-
1. Was CDS having financial problems? 2. What would an accountant normally do after discovering such a discrepancy? 3. What did Alexander Grant do?
-
Calculate the cost per unit, and then use it to identify if each cost is fixed, variable, or mixed. Cost 1 Cost 2 Cost 3 2. Cost 1 Cost 2 Cost 3 Units Total Cost per Total Cost per Total Cost per...
-
Consider the auction of a single indivisible object to two risk neutral bidders, each of whom receives a private signal X; (i = {1,2}) which is independently and uniformly distributed on the interval...
-
Complete Principal of statistics 1. Find a set of data. You can find this online, in a book, collect your own. In the box below put your data in a chart. 5pt 2. Tell me where you got your data. (i.e....
Study smarter with the SolutionInn App