Q 8.28: the net income for tina's company for the current year was $255,000, while the total assets reported were $3,200,000. at the beginning of that year, the inventory was understated by $69,000, and at the end of the year it was understated by $30,000. the correct amount for total assets and net income for the year is

Answers

Answer 1
Cost of goods sold = beginning inventory + purchases - ending inventory
Cost of goods sold = -69,000 + purchases - (-30,000) 
Cost of goods sold = -39,000

Subtract cost of goods sold that is understated 39,000 by 255,000.
Net income =  $216,000

Since the beginning inventory is understated by $30,000 the total assets are. 
Total assets = $3,230,000
Answer 2

Answer:

Cost of goods sold = -69,000 + purchases - (-30,000) 

Cost of goods sold = -39,000

39,000 by 255,000.=  $216,000

$30,000  

Total assets = $3,230,000

Explanation:


Related Questions

The sarbanes-oxley act created the _____ to oversee the accounting firms that audit public corporations and to establish rules and standards for auditing.
a. public company accounting oversight board
b. corporate accounting oversight commission
c. enron accounting fraud administration
d. occupational health and safety administration

Answers

The Sarbanes-oxley act created public companies accounting oversight boards to oversee the accounting firms that audit public corporations and to establish rules and standards for auditing. Therefore option A is correct.


What is auditing?

The term "audit" often refers to an examination of financial statements. A financial audit is an independent review and assessment of an organization's financial statements to ensure that they fairly and accurately reflect the transactions they purport to represent. Employees of the organization may conduct the audit internally, or an outside Certified Public Accounting (CPA) firm may do so externally.

Almost all businesses have their financial statements, including the income statement, balance sheet, and cash flow statement, annually audited. As part of their debt covenants, lenders frequently demand the annual findings of an external audit.

Due to the strong incentives to purposefully misstate financial facts in an effort to perpetrate fraud, audits are a legal necessity for several businesses. The Sarbanes-Oxley Act (SOX) of 2002 mandates that publicly listed corporations also get an assessment of how effective their internal controls are.

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Today's demand curve for gasoline could shift in response to a change in

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oil prices?? tariffs?

West africa has tropical wet and dry forests, also known as tropical ________ forests, which receive rainfall for several months followed by dry and hot months.

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the answer to this question is rain.

What is one stated purpose of the World Trade Organization? To create a common currency. To encourage the expansion of exports to monitor trade policies of many countries. To establish direct trade agreements between countries.

Answers

Answer:

cCCccccCCcccCcccc

Explanation:

The correct option is B., "To encourage the expansion of exports to monitor trade policies of many countries.", as the World Trade Organization aims to monitor and sustain trade agreements made in the Uruguay Round, promoting trade liberalization to foster economic growth and development.

Its main purpose is to encourage the expansion of exports and monitor trade policies of member countries.

The World Trade Organization (WTO) was established to monitor and sustain the agreements made in the Uruguay Round, promoting trade liberalization to foster economic growth and development. Unlike creating a common currency or establishing direct trade agreements, the WTO aims to encourage the expansion of exports by reducing trade barriers. It acts as a platform where member nations can monitor each other's trade policies to ensure compliance with agreed-upon trade policies.

Full Question:
What is one stated purpose of the World Trade Organization?  

A. To create a common currency.

B. To encourage the expansion of exports to monitor trade policies of many countries.

C. To establish direct trade agreements between countries.

For girls, the usual sequence of physical changes in puberty is _____. the growth spurt, menarche, and the beginning of breast development nipple growth, the growth spurt, and menarche menarche, the growth spurt, and the beginning of breast development the growth spurt, the beginning of breast development, and menarche

Answers

Answer:

a

Explanation:

Puberty in girls starts with the growth spurt, beginning of breast development ,nipple growth, and menarche.

What is Puberty?

Puberty may be described as the time in the life of any person when a boy/girl becomes mature. On an  average, girls begin puberty at ages 10 or 11 and complete puberty at age of 15 or 17; boys generally begin puberty at ages 11 or 12 and complete puberty at ages 16 or 17.

As a girl goes through puberty, she might notice her hands and feet to grow, and might feel a bit clumsy until the rest of your body catches up. The growing breasts may be uncomfortable, and the nipples may turn pink or brown, or grow hair occasionally. The major landmark of puberty for females is menarche, the onset of menstruation, which occurs  between ages 12 and 13.

Puberty may start at different ages, an overweight may start puberty before the age of 8 and an athletic or underweight may start puberty later. The puberty starts at the right time for our body and will go through these changes.

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The contract will be awarded to ____ meets our qualifications. whomever whoever

Answers

Answer will be whoever

Which amount does not change during the period and is added to purchases when computing the cost of goods available for sale?

a) Beginning inventory

b) Freight-in

c) Ending inventory

d) Periodic inventory

Answers

hello
the best answer is c

Ending inventory is the amount that does not change during the period and is added to purchases when computing the cost of goods available for sale. Hence, option C is appropriate.

What does Ending inventory means?

Ending Inventory one of the foremost and most powerful mechanisms which is being needed for the cause of Economical purposes. This mechanism shows the variability in a product, i.e, it shows how much inventory or stock is left with the company.

Ending Inventory is calculated at the end of each year, this actually shows that over a year the products which are being sold and the profit which are being generated out of those products. the amount which is left with the company at the end of the fiscal year as stock is an Ending Inventory

Ending inventory includes the products the company will sell in the market and the cost of the product must be profitable for the company. Hence, option C is correct.

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What are some of the roadblocks to economic development in west africa?

Answers

they have no clean water!

When apis are shared, the term web ____ describes the process of organizations communicating through a network to share data without needing extensive knowledge of each other's systems?

Answers

An API is an Application Programming Interface used so that different programs can communicate with one another.

When API's are shared, the term web services describes the process of organizations communicating through a network to share data without needing extensive knowledge of each other's systems. 

All of the interworking of the API is handled through the web and allows different operations and departments to work together. 

Egan is very skilled at budgeting his money, he is very patient, he understands how to track his own financial records, and he keeps calm and collected during stressful occasions. In which Finance career would Egan be most successful?


A) Business Finance Management

B) Financial Investment Planning

C) Insurance Services

D) Banking and Related Services

Answers

The Financial career in which Egan would be most successful is:

A)   Business Finance Management

 

Explanation: The Business Finance Management requires a lot of skill in planning and budgeting money. This career requires patience knowledge and understanding in tracking financial transactions. And all of these skills and knowledge are possessed by Egan that is why he can be most successful in Business Finance Management career.

The answer is: B) Financial Investment Planning

People who choose a career in financial investment planning need to be able to plan how to allocate other people's earning methodically so it could grow exponentially in the long run. This require deep skill in budgeting, patience, and ability to be calm in stressful occasions since financial investment planners would most likely have to face fluctuating market value that might not always be favorable.

In the economic term oligopoly the word part olig probably means

Answers

In the economic term oligopoly, olig means few. So in an oligopoly, the market or industry is run by a small number of large sellers. When there are a few number of sellers, they have a large influence over their customers and the economy. 

Final answer:

The word part 'olig' in 'oligopoly' signifies 'few', pointing to the market dominance by a small number of firms that can lead to collusion and monopolistic behaviors.

Explanation:

In the economic term oligopoly, the word part 'olig' likely means 'few' or 'a small number'. An oligopoly is a market structure characterized by a few powerful firms dominating the industry, with high barriers to entry for others. This concentration allows oligopolists to earn their highest profits through potential collusion, acting similarly to a monopolist by reducing output and raising prices. However, such practices often face challenges, including the fact that explicit collusion among firms is illegal.

The two general kinds of trade barriers are _____.
a. qualitative and quantitative barriers
b. voluntary and involuntary barriers
c. tariff barriers and nontariff barriers
d. government import standards and industry import standards
e. nationalistic and geocentric barriers

Answers

I think the answer is A

Tariff barriers and nontariff barriers are the two general kinds of trade barriers.

A trade barriers refers to those barrier which serves as impediment to smooth trading in a location.

A trade barriers can take the form of tariffs barriers which impose a financial burden on imports or non-tariff barriers which uses other overt and covert to restrict imports or export.

In conclusion, the Tariff barriers and nontariff barriers are the two general kinds of trade barriers.

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________ consists of the official and defined structures and systems related to decision making, communication, and control in the organization.

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Formalization consists of the official and defined structures and systems related to decision making, communication, and control in the organization. 

Managers perform formalization to make sure these processes are put in writing to help processes, relationships and operation run smoothly. 

Investments in information systems projects today are evaluated in the context of an entire portfolio of projects.
a. True
b. False

Answers

this statement is true

im 100% correct that its true

When cleaning a minor wound with gauze, which method should be used?

Answers

The answer is "A circular motion from the center of the wound out to the outer edge".

Any wound or injury is a break in the surface of the skin, bringing about a potential for bacterial tainting. Legitimate injury purging can enhance wound healing while at the same time evacuating debris and dry release, keeping dressing buildups from backing off the recuperating of the wound.Gauze swabs and cotton fleece can be utilized for cleaning, however ought not be left in delayed contact with a healing wound. This is on account of they can shed filaments and cling to the recuperating wound surface, making further harm the injury upon evacuation.

About what percent of arson fires are set by individuals under 18? less than one percent twenty percent fifty percent eighty percent criminology

Answers

Its  50 percent. the other 50 percent would have to be 18-40

Asking potential dating partners for a date is most likely to be reinforced on a ________ schedule. variable-interval variable-ratio fixed-interval fixed-ratio

Answers

Answer:

Variable-ratio

Explanation:

A variable-ratio reinforcement schedule occurs when a behavior is reinforced based on a random number of displays. Thus, unlike fixed schedules, asking for dating partners do not always elicit a positive reward - which is why it is categorized as variable; the response can be positive or negative. It is also not an interval-based reinforcement schedule, since it is not based on time period. Variable-ratio schedules fit this behavior since asking someone out can get you a positive response once you tried hard enough or with enough people - but when it would happen, you cannot predict.

Final answer:

Asking for dates is most likely to be reinforced on a variable-ratio schedule, as it is similar to gambling where reinforcement is unpredictable, leading to a high and consistent response rate.

Explanation:

Asking potential dating partners for a date is most likely to be reinforced on a variable-ratio schedule. This type of reinforcement schedule provides reinforcers after an unpredictable number of responses, which is akin to gambling or playing slot machines. Just as a gambler continues to play due to the unpredictable nature of winning, a person asking for dates may continue to ask because the reinforcement (acceptance of the date) is unpredictable and occurs after an irregular number of attempts. This schedule tends to produce a high rate of response because the reinforcement is not predictable, so the behavior is repeated more frequently in hopes of encountering the reinforcement.

_________ data includes sentiment mining in social media and tracking shopper behavior in stores.

Answers

Big Data encompasses sentiment mining in social media and tracking shopper behavior. It is utilized for extracting insights from large data sets, with sentiment analysis being a key tool for businesses and PR professionals to engage with audiences and adapt to market trends.

The type of data that includes sentiment mining in social media and tracking shopper behavior in stores is commonly referred to as Big Data. This data is characterized by its large volume, velocity, and variety, involving complex and sophisticated analyses. Businesses and organizations leverage Big Data to extract meaningful insights from patterns in social media, consumer behavior, and other sources. Techniques like data mining, sentiment analysis, and social listening are critical for understanding audience preferences and trends in real time.

Sentiment analysis, also known as opinion mining, is a valuable tool for companies and public relations (PR) professionals. It involves analyzing social media posts to gauge public opinion and react proactively to emerging trends. For example, real-time sentiment analysis helped L'Oreal Paris engage with consumers by responding to Tweets during the Golden Globe Awards, showing how data analysis can provide immediate marketing opportunities.

Data mining and statistical analysis play a crucial role in sifting through big data sets to discover usage patterns and consumer sentiments. This information is vital for industries to refine their marketing strategies, improve products, and even locate issues such as theft or counterfeit goods.

"according to the business process modeling notation standard, the start of a business process is symbolized by a ________."

Answers

The answer is:  "circle having a narrow border" .
__________________________________________________________
       "According to the business process modeling notation standard, the start of a business process is symbolized by a   circle having a narrow border . "
__________________________________________________________

Which is more​ independent, the federal reserve or the european central​ bank? why?
a. the federal reserve systemlong dash—it must be more independent since the european central bank was patterned after it.
b. the federal reserve systemlong dash—its charter can be changed through​ legislation, making it more independent than the european central bank.
c. the european central banklong dash—its charter cannot be changed through​ legislation, making it more independent than the federal reserve.
d. because the structures of the federal reserve and the european central bank are​ similar, it can be argued that the two systems have the same level of independence?

Answers

The answer to this is c. the European central bank —its charter cannot be changed through​ legislation, making it more independent than the federal reserve.

Which best explains why a credit score represents

Answers

What is the question..?

If the APR of a saving account is 4.8% and interest is compounded monthly what is the approximately APY of the account?

A. 10.49%
B. 4%
C. 1.05%
D. 4.91%

Answers

If the APR of a saving account is 4.8% compunded monthly then The answer is 4.91%

True or false: if stock prices follow a random walk,
a. successive stock prices are not related.
b. successive stock price changes are not related.
c. stock prices fluctuate above and below a normal long-run price.
d. the history of stock prices cannot be used to predict future returns to investors.

Answers

true I think that is the answer to your question

What provides the means of storing, transmitting, altering, and receiving data through electronic means?

A. Infrastructure
B. Information communication technology
C. Decision support system
D. Management information system

Answers

Information communication technology provides the means of storing, transmitting, altering and receiving data through electronic means. 

Information communication technology is a brand of information technology, IT, that most are familiar with. Companies collect and store this information to communicate with customers, find the right target market, track their sales and much more. Information communication technology is a huge part of a companies interworking's. 

Answer:

Information communication technology

Explanation:

APEX Verified

MEDAL!
Which of the following is NOT an example of a local government?
a.
school districts
c.
neighborhood associations
b.
municipalities
d.
counties,

Answers

Counties, municipalities, and school districts are all governmental organizations that take in taxpayer dollars and utilize that funding to provide services for the collective benefit of residents of the relevant jurisdiction. While neighborhood associations may, at face value, appear to function in manners somewhat akin to governments, they are not vested with governmental authority, and thus are not considered to be governmental entities.

Means that sellers can restrict people who do not pay for the product from obtaining its benefits

Answers

In macroeconomics, excludability means that sellers can restrict people who do not pay for the product from obtaining its benefits. 

Such as, if you want to see a concert at a venue, but you did not purchase tickets if the concert is held inside you are not able to go in and watch the show. You must pay for the good or service you are wanting in order to have access to it. 

In macroeconomics, excludability means that sellers can restrict people who do not pay for the product from obtaining its benefits.

What is Macroeconomics?

The study of an economy's overall performance, structure, behavior, and decision-making is known as macroeconomics. Using interest rates, taxes, and government expenditures, for instance, to control the expansion and stability of an economy. This covers local, national, and international economies.

Macroeconomics is the study of how economies function, including changes in the balance of payments, inflation, interest as well as foreign exchange rates, and economic production. Only with a solid monetary and fiscal policy are poverty alleviation, social equality, and sustainable growth conceivable.

Macroeconomics is the branch of economics that focuses on large-scale or general economic issues and how they interplay in economies. It is the study of entire economies.

Macroeconomics is a subfield of economics that focuses on the behavior of the economy as a whole, including the markets, firms, customers, and governments.

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Which best describes what a subsidy does?
a. It keeps the price of domestic goods relatively low.
b. It raises the price of imported goods.
c. It encourages the import of foreign goods.
d. It eliminates all taxes on domestic goods.

Answers

Your answer is A.

Hope this helps:)

Answer:

The answer is: A) It keeps the price of domestic goods relatively low.

Explanation:

The main reason why subsidies exist, is to try to improve social efficiency. Usually public services are subsidized, like public transport (e.g. buses, subway). When people use the subway they aren't only saving money by not using their cars, but they are also polluting less, streets aren't as crammed, etc.

Now imagine who could build and operate a subway system other than the government. It is impossible, no company could afford to build a fully functional subway system and much less operate it at a low price. Therefore here the government with huge infrastructure projects and subsidizes.

When governments decide to subsidize products, for example milk, they do it to lower its price so that the quantity demanded increases. Drinking milk is not subsidized for its great taste, but because it's very good for kids to do it (it's a very healthy habit).

The​ company, suppliers,​ distributors, and customers who open double quote partnerclose double quote with one another to improve the performance of the entire system make up the​ __________.
a. downstream network
b. marketing channel network
c. supply chain network
d. value delivery network
e. upstream network

Answers

The​ company, suppliers,​ distributors, and customers who open double quote partner close double quote with one another to improve the performance of the entire system make up the value delivery network.

Harold and elaina are being considered for a car loan. the banker looks at their creditworthiness because he wants to be sure the bank will get the loan payments on time and that the loan will be paid back in full. the table below summarizes the information that was on their applications. application information questions harold elaina how many years have you had your job? 3 7 what is your monthly salary? $2,600 $2,250 how many credit cards do you have? 2 6 how much debt do you have? $3,000 $12,000 how many times were you late with payments on credit cards in the past year? 1 8 who will get the better loan rate from the banker and why? elaina because she has more credit cards available to her. elaina because she has had her job longer, which makes her look more stable. harold because he makes more money per month. harold because he pays his bills on time and does not have too much debt compared to his income.

Answers

Harold because he pays his bills on time and does not have too much debt compared to his income.

Answer:

Harold because he pays his bills on time and does not have too much debt compared to his income.

Explanation:

the income for both persons is quite similar but their credit history is substancially different.

Eliana has a lower salary but higher debt than Harold thus, his debt to income is higher. Elaina also fails in their payment. From the credit card we can assume is paying one by transferring to another credit card.

While Harold is a more reliable borrower as it has lower debt and pays on time for most of the time.

"the term ________ means that the computing resources leased can be increased or decreased dynamically in a short span of time and that organizations pay for just the resources that they use"

Answers

Elastic/elasticity is the term that means the computing resources leased can be increased or decreased dynamically in a short span of time and that organizations pay for just the resource they use. Elasticity can be measured on curve charts and allows organizations to determine the demand of a good or service they provide when only the price is changing. 
Final answer:

The term 'Scalability' refers to the ability to adapt computing resources to the demand dynamically, which means that resources leased can be increased or decreased quickly and you pay only for what you use.

Explanation:

The term you're referring to is Scalability. In the context of computing, Scalability refers to the capacity to handle growth or decrease in demand by dynamically allocating or deallocating resources in a very short period. This means you can increase or decrease the resources that you lease based on your needs. Furthermore, a key advantage of this model is that you only pay for the resources you use. Let's take cloud computing for an example, you may instantly require more resources during peak usage times and less during off-peak times. Scalability allows you to adjust your resources accordingly swiftly, hence controlling the overall costs.

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A sample of cigarette smoke contains 2.09% carbon monoxide. the u.s. national ambient air quality standard for co in a 1hr period is 35 ppm. how many times greater than this standard is the co concentration in cigarette smoke? The "essential nutrients" for proper human nutrition include _____. the "essential nutrients" for proper human nutrition include _____. calcium, sodium, potassium, and other minerals cellulose glucose active enzymes from plants and/or animals all of the amino acids Why did many Americans see Manifest Destiny as the nations right?1 James K. Polk was an unpopular president and he opposed the concept.2 No other nations had interests in North America, so there were few obstacles.3 They wanted to find a way to coexist peacefully with American Indians.4 Many people wanted the United States to expand across the continent. how did Diego Rivera seek to create a national style of art? On a coordinate plane, the coordinates of vertices R and T for a polygon are R(6, 2) and T(5, 2). What is the length of Side RT of the polygon? 4 unit 6 units 7 units 11 units The number of kilocalories in a food indicates the amount of _____. what is the solution to the linear system of equations ? x - y =4 8x + 2y =2 A. (4,0) B. (1, -3) C. (1,3) D.The system has no solutionNEED HELP ASAP , PLEASEEEEEE Giving 40 Points...need help as soon as possible People who favored the concept of nativism feared and opposed A(n) ____ is a sign that an activity now occurring may signal an incident that could occur in the future. Jordan had $10.00 if each drawing pen costs $1.49, how many can he buy what does the increase in incidents of polar bears visiting human settlements indicate 1. (4.8x + 15.5) + (2.1x - 12.2)2. (7x + 8) - (3x + 12)3. (0.5x + 0.74) + (0.5x - .25) Find three positive consecutive integers such that the product of the second integer and the third integer is 72 Light from a distant star has undergone a red shift. Which of these conclusions is correct about the star? Its pitch is increasing. Its parallax is increasing. It is moving towards Earth. It is moving away from Earth. Which statement accurately describes what happens when water turns to steam in terms of energy?A.The water absorbs energy which causes chemical bonds to break, changing water to steam.B. The water releases energy which causes the water molecules to have less kinetic and potential energy, changing their configuration from liquid to gas.C. The water releases energy which causes chemical bonds to break, changing water to steam.D. The water absorbs energy which causes the water molecules to have more kinetic and potential energy, changing their configuration from a liquid to a gas.C. The water releases energy which causes chemical bonds to break, changing water to steam.PLEASE HURRY!!! What are the possible numbers of positive, negative, and complex zeros of f(x) = 3x4 5x3 x2 8x + 4? A. Positive: 2 or 0; negative: 2 or 0; complex: 4 or 2 or 0B. Positive: 1; negative: 3 or 1; complex: 2 or 0C. Positive: 3 or 1; negative: 1; complex: 2 or 0D. Positive: 4 or 2 or 0; negative: 2 or 0; complex: 4 or 2 or 0 Which of the following is the best choice to complete this sentence?The deeper, symbolic meaning of the choice is a choice between beingA.enemies or friendsB.manager or employeeC.a teacher or a studentD.a child or an adult, Some americans argue that _____ should be used to keep domestic wages high and unemployment low. Where in the motion is the magnitude of the net force on the object a maximum? where in the motion is the speed a maximum?