Inventory on a company's balance sheet i
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Q: Which among the following is an inventory
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A: THE ANSWER IS AS BELOW:
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A:
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Inventory on a company's balance sheet is
Group of answer choices
The product available for sale in the business's day-to-day operations
Supplies available for sale in the business's day-to-day operations
Equipment, furniture, and fixtures of the business
All of the above
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- A _______ analysis can aid in spotting prospective dangers and difficulties and in creating backup strategies to reduce these risks. Question 10 options: financial SWOT periodic districtIf I have available inventory, I should accept whatever paying customer comes along. Select one: True FalseBriefly define or explain each of these terms:c. Inventory records
- Comprehensive Problem 1Part 2 and Part 3: The following is a comprehensive problem which encompasses all of the elements learned in previous chapters. You can refer to the objectives for each chapter covered as a review of the concepts. Note: You must complete part 1 before completing parts 2 and 3. Part 2: Using the attached spreadsheet, post the journal entries from part 1 to a ledger of four-column accounts. Part 3: Prepare an unadjusted trial balance. If an amount box does not require an entry, leave it blank.Please do not give solution in image format thanku 1. Current total inventory level (I E) of a company is 10,000 units, which are held at 4 different facilities (n E). Next year, the company plans to open 12 new facilities. Provide an estimate on the total future inventory level (I F) for the company. a. 60,000 units b. 10,000 units c. 40,000 units d. 20,000 units e. 17,321 unitsRoyal Meat Processing Company buys and processes livestock for sale to supermarkets. In connection with the audit of the company’s financial statements, you have prepared the following notes based on your review of inventory procedures: 1. Each livestock buyer submits a daily report of his or her purchases to the plant superintendent. This report shows the dates of purchase and expected delivery, the vendor and the number, and weights and type of livestock purchased, as shipments are received, any available plant employee counts the number of each type received and places a check mark beside this quantity on the buyer’s report. 2. Vendors’ invoices, after a clerical review, we sent to the appropriate buyer for approval and returned to the accounting department. A disbursement voucher and a check for the approved amount the prepared in the accounting department. Checks are forwarded to the treasurer for signature. The treasurer’s office sends signed checks directly to the buyer for…
- answer items f and gwhat recordkeeping activities are included in the term of:i How does expansion or contraction of an inventory impact such information?15 In _____________________ , inventory units are withdrawn from the latest inventory held by the company for the sales or consumption. a. Specific identification method b. Last in first out method c. First in first out method d. Average method Clear my choice
- Please do not give solution in image format thanku Drew's company, Ace High, sells customized sets of poker chips. He is developing a plan for next year on a quarterly basis. The expected demand is 500, 900, 600 and 600 set of chips, respectively, through quarters one through four. He currently has 70 sets on hand (initial inventory) that can be used to meet next years demand. He can produce 450 per quarter at the regular rate of $60 per set. His team will work overtime when needed and available, producing up tp 300 units in Q1, 150 in Q2, none in Q3, and 200 in Q4. Sets provided via overtime cost a total of $90 per set. He can leverage a competitor firm and outsource (subcontract) production at the cost of $110 per set, with a capacity of 300 units per quarter. Storage costs are $5 per set per quarter. Drew has determined that he will have a policy of back-ordering at a costs of $1.50. Based on utilizing the Transportation method. A.) What is the optimal cost for Drew? B.) How many…Nike and Adidas let customers design their own custom shoes on their website, allowing them to choose colors of the different shoe parts. The shoes are made to order, but are not significantly more expensive than regular Nike or Adidas shoes and are shipped to customers quickly. How is this possible? Group of answer choices a) Nike and Adidas have better manufacturing facilities than other shoe companies. b) Nike and Adidas use mass customization to streamline the manufacturing process for customized goods. c) Nike and Adidas can effectively predict customer orders and make the shoes before they are ordered so they are ready to ship. d) Nike and Adidas have all of the possible combinations in stock and can simply ship the shoes that match the customer's choices.please give me only the answer no explantion is needed Question 4 To what does the following relate: Before a purchase of inventory can be made, it has to be authorized and supported by all relevant supporting documentation. 1. Monitoring of controls 2. Validity of transactions 3. Inherent limitations- cost vs benefit 4. Inherent limitations – human error, time constraints Question 5 To what does the following relate: Although the barcoding system in the warehouse is outdated and ineffective, the company cannot see the benefit in upgrading the system based on the high cost of the system. 1. Control environment 2. Inherent limitations – cost vs benefit 3. Validity of transactions 4. Control activities – independent checks and reconciliations Question 6 One of the six areas that an auditor needs to consider when obtaining an understanding of the entity is 1. Skills and competence of the audit…