Suggest two situations where it may be necessary or desirable to estimate the inventory without a physical
Question:
Suggest two situations where it may be necessary or desirable to estimate the inventory without a physical count.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (12 reviews)
Answered By
Aswan S
Mechanical engineer
Subject matter expert of Mathematics , Physics and engineering solutions
0.00
0 Reviews
10+ Question Solved
Related Book For
College Accounting Chapters 1-30
ISBN: 978-1259631115
15th edition
Authors: John Price, M. David Haddock, Michael Farina
Question Posted:
Students also viewed these Business questions
-
What are two situations where it is legitimate for a seller to refuse to supply to a retailer?
-
Multiple Choice Questions: 1. Physicians are least likely to limit the utilization of health care services if a. They are paid an annual salary for their services. b. They are paid on a...
-
Part 1 Materiality W&S Partners commenced the planning phase of the Cloud 9 audit with procedures to gain an understanding of the client's structure and its business environment. You have completed...
-
Ethanol reacts with sodium and forms two products which are Options: 1) Sodium ethanoate and hydrogen 2) Sodium ethanoate and oxygen 3) Sodium ethoxide and hydrogen 4) Sodium ethoxide and oxygen
-
Haywood Inc. reported the following information for 2019: Beginning inventory .............................. $ 25,000 Ending inventory .................................... 50,000 Sales revenue...
-
1. The owner of an accounting practice is considering establishing a partnership with two other persons to carry on the business. What are the major disadvantages of the partnership form of...
-
Air at standard temperature and pressure flows through a 1 -in.-diameter galvanized iron pipe with an average velocity of \(8 \mathrm{ft} / \mathrm{s}\). What length of pipe produces a head loss...
-
Tonys Textiles uses a predetermined factory overhead rate based on machine-hours. For May, Tonys budgeted overhead was $210,000 based on a budgeted volume of 35,000 machine-hours. Actual overhead...
-
Please help and provide a detailed explanation of the Burj Khalifa's structural system, including its materials, foundations, soil resistance, beams, frames, structural behavior, and aesthetics.
-
Suppose you are a managerial accountant or cost analyst for Donut Desire. You have been asked to make a presentation to management about the status of the company's utility costs. Refer to Exhibits...
-
In a period of rising prices, is the LIFO method or the FIFO method likely to yield the larger inventory cost?
-
1. Do you think variable costing is more likely to be used by manufacturing or service sector firms? 2. Do you think integrated accounting information system would be able to produce internal profit...
-
The partnership of Rachel, Adams, and Nixon has the following trial balance on September 30, 2009: The partners share profits and losses as follows: Rachel, 50 percent; Adams, 30 percent; and Nixon,...
-
What is produced by the following: String str = "March Madness"; int x = str.length(); System.out.println(x);
-
a. (f+g)(0) b. (g-)(2) c. (g.)(-1) d. e. (fog)(4) f. (8 5)(0) g. 8(f(4)) the graphs of two functions are shown. Evaluate the function at the given values of x, if possible.
-
Consider the assessment plan your team is developing. Using that information, what recommendations would you make to the stakeholders regarding how to use the data to inform future decisions...
-
Finding a desirable job often involves intense moments of uncertainty, doubt and uncomfortableness. Occasionally, great jobs just land in people's laps, but usually there is quite a bit of unseen...
-
Educators should be familiar with the materials used within the classroom to provide students with scientific learning opportunities. Often, the teacher needs supplemental materials to provide rich,...
-
Brooke, a single taxpayer, works for Company A for all of 2018, earning a salary of $50,000. a. What is her FICA tax obligation for the year? b. Assume Brooke works for Company A for half of 2018,...
-
1. True or False. Pitfalls to consider in a statistical test include nonrandom samples, small sample size, and lack of causal links. 2. Because 25 percent of the students in my morning statistics...
-
Refer to the 2012 Annual Report (for the fiscal year ended February 3, 2013) for The Home Depot, Inc., in Part IV, particularly the 5-year summary of financial and operating results. In the Store...
-
Select a food product your group can produce. For example, tortilla chips, ice cream, cookies, or pretzels. List the steps to produce this product. Determine the direct and indirect materials and...
-
The following selected items appeared in the adjusted trial balance columns of the worksheet for Artex Company on December 31, 2016. From this information, prepare the section of the statement of...
-
4. The water in Earth's atmosphere blocks most of the infrared waves coming from space. In order to observe light of this wavelength, the Kuiper Airborne Observatory has been developed. The...
-
What amount of gain should Pharoah recognize on the exchange assuming lack of commercial substance?
-
If R1=7 Q, R2=3 Q, R3=9 Q, V= 12 V, and V2=8 V. Find the current (in A) that pass through R. R R R V V 2 +
Study smarter with the SolutionInn App