Companies use operating income and assets as opposed to net income and total assets in calculating return on investment because Managers usually have more control over operating income and assets.
What is return on investment?Return on investment (ROI) is a performance metric used to assess an investment's effectiveness or profitability or to compare the effectiveness of several investments.
ROI aims to quantify the amount of return on a specific investment in relation to the cost of the investment.
Therefore, ROI is calculated by dividing the benefit (or return) of an investment by the investment's cost. A percentage or ratio is used to represent the outcome.
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which of the following comments is (are) true regarding the assessment of risk associated with two projects that are competing for limited internal audit resources? industry knowledge should be used to identify the project with the higher priority. activities with higher financial budgets always should be considered higher risk than those with lower financial budgets. activities that are requested by the board always should be considered higher risk than those requested by management. senior management’s evaluations of the risk associated with each project must be considered.
Risk always should be measured by the potential monetary or other adverse exposure to the organization is true regarding the assessment of risk associated with two projects that are competing for limited internal audit resources.
An audit is an independent examination of the financial information of any entity, whether for profit or not, regardless of its size or legal form, when such examination is carried out with the objective of purpose of expressing an opinion on the matter.
The audit also attempts to ensure that the accounting records are properly maintained by the company, as required by law. The auditors examine the proposals presented to them, gather evidence, and evaluate the recommendations in their audit report. Auditing provides third-party assurance to various stakeholders that the subject matter is free of material misstatement. The term is often applied to audits of financial information relating to a legal entity.
Hence the correct option is C
The above question is incorrect, the correct question is-
Which of the following comments is(are) true regarding the assessment of risk associated with two projects that are competing for limited internal audit resources?
a. Activities that are requested by the board always should be considered higher risk than those requested by management.
b. Activities with higher financial budgets always should be considered higher risk than those with lower financial budgets.
c. Risk always should be measured by the potential monetary or other adverse exposure to the organization.
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when selling the product requires a long selling cycle with a few large sates and considerable time to develop relationships, the compensation system should
When selling the product requires a long selling cycle with a few large sates and considerable time to develop relationships, the compensation system should securing and keeping sales representatives.
What is compensation?
The phrase "compensation" describes something that is provided to a person in exchange for property lost or for injuries sustained on the job. They may be in the form of monetary or intangible remuneration. Employee motivation and productive work are greatly influenced by compensation,
Bonuses, commissions, overtime pay, profit sharing, stock options, and other monetary types of remuneration are examples. Retirement and employment services, health insurance, paid time off, paid holidays, and pension plans are a few examples of non-financial kinds of compensation. Every business requires a pay plan to organise and strategize how they can entice and keep top people while also allowing them to budget effectively.
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Product innovation will be successful only if it makes the product'sA.marginal utility increase.B.price decrease.C.marginal-utility-to-price ratio increase.D. marginal-utility-to-price ratio decrease
Product innovation will be successful only if it makes the product's marginal-utility-to-price ratio increase.
A product is an item offered on the market. A product can be a provider or an object. it can be bodily or in digital or cyber form. each product is made at a price and each is bought at a price. The price that may be charged relies upon the marketplace, the excellent, the marketing, and the phase this is targeted.
A product idea assertion occasionally called just a "concept announcement" represents the imagination and prescience that a commercial enterprise owner and his design team have for a service or product. It describes the products or services, explains their reason, and considers the customer demographics that the product is marketed towards.
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candice is updating her estate planning and wants to write a legal document that will allow all of her assets to go to her spouse except for a certain amount that will be set up in a trust. the trust (plus interest) can provide her spouse lifelong income that will not be taxed. she is writing a(n):
A legal document that includes contracts and agreements are mutual promise between or more parties. They may be visible everywhere — from business offers and worker contracts to residential leases and agreement agreements.
it's going to comprise criminal factors, which include events and name and the date, branding elements like a company's emblem, workplace address, and file identification. there's normally no web page number on the cover web page. The desk of Contents web page (TOC) will usually include a name and a document id.
A settlement is a legally enforceable settlement that creates, defines, and governs mutual rights and obligations amongst its parties. A settlement commonly includes the transfer of products, services, money, or a promise to transfer any of those at a future date.
There are as a minimum four types of trial documents you may put together well earlier than the trial: motions in limine; trial briefs; criminal memoranda; and special jury instructions. some of these files can be written ahead of time, thereby saving you time to cope with the final minute issues that commonly arise earlier than trial.
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If a company's actual results for revenues, net profits, eps, and roe turn out to be worse than projected, then the reason is usually because.
If a company's results for revenues and the like is worse than they projected, then this might be because E. The competitive efforts exerted by rival companies to capture sales and market share for themselves in one or more geographic region proved stronger than company managers anticipated, given the updates of the regional-average competitive efforts that company managers made [or failed to make] in the competitive assumptions boxes on the Internet Marketing and Wholesale Marketing decision screens, thus resulting in the projections of the company’s profitability and overall performance being too optimistic.
Why would a company see worse results?When a company sees worse than predicted results in the areas of revenue, net profit, Earnings per share, and Return on Equity, then the reason for this is often that the competition from other companies was worse than expected.
As a result, the company's managers could not anticipate this intense competition and did not take adequate actions, or adjust their projections.
Options for this question include:
[A] Of some combination of three factors: [1] the company’s product offering included too few models or styles of branded footwear, and/or [2] a number of rival companies unexpectedly stole sales and market by suddenly deciding to offer offline buyers free shipping, and/or [3] a number of rival firms boosted the compensation of production workers to unexpectedly high levels [which had the effect of reducing the company’s expected gains in labor productivity and resulted in higher-than-expected labor costs per pair produced].[B] Company managers failed to put enough emphasis on boosting the company’s S/Q rating and increasing expenditures for brand advertising in most or all of the four geographic regions.[C] The number of models or styles that company managers decided to make available for sale in the various geographic regions for branded footwear was, on balance, below the average number of models or styles offered by rival companies.[D] Company managers failed to do a good enough job of lowering the companies' per pair costs of branded footwear sold.[E] The competitive efforts exerted by rival companies to capture sales and market share for themselves in one or more geographic region proved stronger than company managers anticipated, given the updates of the regional-average competitive efforts that company managers made [or failed to make] in the competitive assumptions boxes on the Internet Marketing and Wholesale Marketing decision screens, thus resulting in the projections of the company’s profitability and overall performance being too optimistic.Find out more on predicted revenue at https://brainly.com/question/25994909
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The horizontal axis on the aggregate demand-aggregate supply model measures
a. the level of employment.
b. the price level.
c. the price of the specific product produced.
d. the level of total output.
The horizontal axis on the aggregate demand-aggregate supply model measures the level of total output.
The GDP, which is the total amount of final products and services generated in the economy, is measured on the horizontal axis of the aggregate demand and supply diagram, not the volume of a particular market.
In accordance with the level of real GDP, the horizontal axis displays the total amount of real goods and services actually purchased. Producers will no longer provide commodities at reduced prices if the aggregate supply curve is horizontal. Any economic development or government stimulus will only lead to higher output. The economy, therefore, possesses a large amount of untapped productivity.
Hence the correct option is D
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messer corporation sells recreational vehicles (rv). at the beginning of the year, they had one rv in inventory costing $40,000. they purchased another rv for $42,000. they sold one of the rvs for $57,500. how much is gross profit using the last-in, first-out (lifo) method?
Messer corporation by selling recreational vehicles makes gross profit of $17,500 using the last-in, first-out (lifo) method.
A corporation is a body corporation usually a collection of people or a business that has been authorized by the state to operate as a single entity for a particular purpose. Charters were used to form the first integrated societies.
Most governments now allow the establishment of new companies through registration. Corporations come in many different forms, but are generally classified according to the laws of the country in which they are incorporated based on two factors: whether they can issue shares or whether they are established to make a profit.
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hy do creditors usually accept a plan for financial rehabilitation rather than demand liquidation of the business?
The technique of liquidation of a agency starts offevolved with the promoting off of all assets one with the aid of one.
Based on the priority, and necessity as per the understanding, the selections are made, this excludes the cash and bank balances. The last quantity is then allotted amongst the distributors after repaying the liabilities.
What takes place to lenders when a business enterprise goes into liquidation?When a organization goes into liquidation its assets are sold to repay creditors and the business closes down. The enterprise name remains stay on Companies House however its status switches to 'Liquidation'.
When a employer will become insolvent, meaning that it can no longer meet its monetary obligations, it undergoes liquidation.
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https://brainly.com/question/6748763#SPJ4A consumer buys good A and B. According to the substitution effect, when the price of good B decreases, the marginal utility per dollar for good ___ increases so the consumer wants to spend more of his/her budget on good __.
Assume that good X and good Y have the same MU/P ratio of 12 section ( section per dollar. A consumer who wants to keep consumer equilibrium will purchase more of good Y until good X's price drops to $1 from $2.
Who is the consumer?Consumer is a noun that can be pronounced as one who consumes. a plant or animal that needs complex organic components for food, which it acquires by preying on some other living things or devouring particles of organic matter, especially: a buyer and consumer.
How should consumers behave?The products that consumers buy must be of high quality and bear quality marks from organizations like Agmark, Cci, Hallmark, etc. Customers ought to always
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coordinate the activities of the entire organization by integrating the plans of its various parts provide each department with the same amount of money to spend, so that all departments are treated fairly encourage managers to think about and plan for the future define goals and objectives that can serve as benchmarks for evaluating subsequent performance and the budgeting process can uncover potential bottlenecks before they occur
By fusing the plans of the organization's many divisions, budgets coordinate all of its activities. Budgets specify aims and targets that might act as standards for assessing future performance.
What is a Budgeting Process?The processes an organisation takes to create and carry out a budget for a particular time period are known as the budgeting process. For instance, based on anticipated sales, a sporting goods company may go through the budgeting process steps to decide how much they want to budget to create footballs for the upcoming year. The budgeting method can be used by a financial firm to pay for anticipated operational and non-operating expenses for the upcoming quarter.
Companies frequently examine previous budgets to see how well they performed in order to acquire a more accurate budgeting picture. Senior managers and executives who are involved in budgeting also allocate exact dollar amounts to be spent on various expenses. The last stage in putting a business plan into reality is creating a company budget.
What is evaluation in budgeting process?Using workflows to automate budgeting process processes makes it simpler for firms to set up reporting. Additionally, by reducing the amount of manual data entry, it becomes simpler to gather and record information on expenditures from the approved budget.
To extract more data, businesses might combine an ERP system with a workflow automation platform. As a result, data remains compliant when an audit is necessary. Instead of utilising various systems, the finance department may rely on a consolidated data repository to compile thorough reports.
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Apocalyptica Corporation is expected to pay the following dividends over the next four years: $6.70, $17.70, $22.70, and $4.50. Afterward, the company pledges to maintain a constant 5.5 percent growth rate in dividends, forever.
If the required return on the stock is 9 percent, what is the current share price? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
The current share price is $3.68
The dividends of four years = $6.70, $17.70, $22.70, and $4.50
Expressing the current value or share price of the stock -
Current share price=D1/(k-g)
where;
D1=Expected annual dividend per share
k = The required rate of return
g = The growth rate of the dividend
ATQ,
D1 =Average dividend per share
= (6.70 + 17.70 + 22.70 + 4.50 )/4
= 51.6/4
= 12.9
Now,
k =9% and g =5.5%
Calculating the current share price -
Current share price = 12.9/(9-5.5)
= 12.9 /3.5
= 3.68
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The process of monitoring, comparing, and correcting work performance is the management function known as ________.
The process of monitoring, comparing, and correcting work performance is the management function known as Controlling.
One of the main mission-driven responsibilities of management in an organization is control. To make sure that activities are carried out in accordance with the plans and to take corrective action if necessary, it is a process of comparing the actual performance with the company's established standards.
Every manager is required to keep an eye on and assess the performance of his staff. It assists the manager in taking the necessary corrective action within the allotted time frame to prevent a contingency or corporate loss.
At the lower, middle, and upper levels of management, controlling is carried out.
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Creating compelling visuals for presentations requires people to learn what new tools?.
Visuals include a variety of communication tools such as flip charts, overhead transparencies, slides, and videos.
Although not always required, Powerpoint slide presentations are often the most popular. Develop effective visuals, and keep them uncomplicated. Your slides should complement your verbal message and not distract you with unnecessary visual clutter. Details should be displayed in clear, bright, slightly contrasting colors. Use no more than three colors per image. Do not use background color shades for titles and details. Avoid commercial recommendations.
Visual presentations teach, entertain, inform, and persuade. There are several types, including demonstrations, illustrated lectures, and team presentations. A demonstration is a way of teaching others how to do or create something. During the demonstration, the moderator will walk you through each step of the process.
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what is the portion of a home's purchase price paid in cash and is not part of the mortgage loan? a. principal b. insurance c. taxes d. down payment please select the best answer from the choices provided
Down payment is the portion of a home's purchase price paid in cash and is not part of the mortgage loan.
A mortgage loan, also known as a hypothec loan in civil law jurisdictions, is a loan used by real estate buyers to raise money to purchase real estate or by current property owners to borrow money for any purpose while placing a lien on the real estate being mortgaged.
Through the mortgage origination process, the borrower's property serves as the loan's "secured" party. In the event that the borrower defaults on the loan or otherwise violates its conditions, this implies that a legal process is put in place that enables the lender to take ownership of and sell the secured property to pay off the loan.
Hence the correct option is D.
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E-Com had net income of $121,000 under variable costing. Beginning and ending inventories were 1,110 units and 4,000 units, respectively. Fixed overhead cost was $1.60 per unit for both the beginning and ending inventory. What is net income under absorption costing?
It will add the profit $4,624 & profit under absorption costing income statement is $ 125,625
The simple distinction in variable costing earnings announcement & absorption costing income declaration is the stock valuation, below variable costing it's far valued at variable production fee whereas underneath absorption costing it's miles valued at both variable & constant manufacturing price, for this reason the income will differ to that extent.
In profits announcement under absorption costing , trade in stock wil impact as underneath
1) if boom in stock will upload to earnings
2) if decrease in stock will lessen the income, because it increases the consumption fee.
Hence, it will add the profit ( 4000-1110)*$1.6=$4,624 . & profit under absorption costing income statement $121,000 + $ 4,624= $ 125,625
Absorption costing, every now and then referred to as “full costing,” is a managerial accounting technique for capturing all prices related to manufacturing a particular product. The direct and indirect costs, which include direct materials, direct hard work, rent, and coverage, are accounted for with the aid of using this approach.
Absorption costing is a method of Accounting cost which includes the total price of producing or presenting a service. TAC includes not just the expenses of substances and labour, but also of all manufacturing overheads. The price of each cost middle may be direct or indirect.
This value allocation technique is then known as absorption costing (or full costing or conventional costing) due to the fact every unit produced absorbs a part of all manufacturing costs incurred. it's far the conventional approach to product costing and is used for external economic statements and tax returns
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the benefits of an rc oscillator over a crystal oscillator include which of the following? (select all that apply)
Lower frequency variation with respect to temperature and higher frequency accuracy the benefits of an rc oscillator over a crystal oscillator.
The motor's rotation may alter due to variations in frequency. The efficiency of the motors will alter as a result of this. Frequency changes are not commonly experienced in areas connected to a reliable power supply. Areas using a specialized power generator are typically affected by frequency changes.
Power frequency fluctuations are defined as the power system's fundamental frequency departing from the nominal value set out in the specification. Sources: As a result of problems with the bulk power transmission system, the disconnection of a sizable portion of the load, or the discontinuation of a sizable source of generation.
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other than the actors, the director works closely with the point of view of this theatre artist and merges it with his or her own to translate the work into a successful production.
Other than the actors, the director works closely with the point of view of this theatre artist and merges it with his or her own to translate the work into a successful production playwright.
Even the director's paintings is now complete, and the degree manager takes at the duty of turning in a regular display that preserves the director's imaginative and prescient at some point of the production's run. For many productions, this complete technique takes approximately 8-12 weeks, alevin though it is able to be longer for a brand new or complicated production.
Stage directions are notes withinside the script generally written in italics and enclosed in parentheses or brackets. They generally describe wherein and while a scene takes place (setting), how the characters need to say their lines, and the way the characters need to flow onstage.
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Would you categorize the marketing area in which frank davis is the marketing director and thomas green is one of the senior market specialists more as a work group or a team?.
Working Group Would you please classify the marketing division where Thomas Green is a senior market specialist and Frank Davis is the marketing director
What exactly does marketing mean?In order to create, communicate, distribute, and exchange offerings that are valuable to customers, clients, partners, & society at large, marketing is the activity, a system of institutions, and a set of procedures.
Which of these 4 marketing types are they?
The four Ps are a "marketing mix" made up of four essential components that are used to promote a good or service: product, pricing, place, and promotion. Typically, companies take into account the four Ps when developing marketing plans and strategies to reach their target audience.
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how can a monopolistic competitor tell whether the price it is charging will cause the firm to earn profits or experience losses?
When there is monopolistic competition, a business will profit if its pricing exceeds the average total cost and lose money if it does not.
What exactly is meant by "monopolistic competition"?Monopolistic competition is a type of market structure in which several companies are involved in a certain industry and produce similar but different items. None of the companies has a monopoly, and they all manage their own operations without considering what the other companies are doing.
Which four monopolistic conditions apply?Monopolistic competition requires a large number of firms, similar but not identically substitutable goods, low entry barriers, and incomplete information.
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what is a key difference between u.s. law and that of most other countries regarding patents on publicly disclosed innovations?
In accordance with US law, you have a year to register your patent once your idea is made public without a patent. There isn't any law.
What distinguishes American law from the laws of the majority of other nations with regard to patents on innovations that have been made public?In contrast to almost every other nation, the United States allows the inventor of the idea to submit a patent application up to a year after publication as part of a "grace period."
What significant discovery did the Blue River Technology founders make during the feasibility study?The inventors of Blue River Technology learned during the feasibility study that their original target market—golf courses—did not believe the solution was practical. What issue could the Tea-In-One product solve The strategy flows better when there are numerous graphs, charts, and graphics included.
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Ron Company has the following commission schedule: Commission rate 2% 3.5% Sales Up to $80,000 Excess of $80,000 to $100,000 More than $100,000 Calculate the gross earning. Gross earning Employee Pat Maninen Total sales 154,000
The answer is $4,340.
Solution:
151000 - 80000 = 71000
71000 - (100000 - 80000) = 51000
Gross earnings = 0.02(80000) + 0.035(20000) + 0.04(51000)
= 2(800) + 35(20) + 4(510)
= 1600 + 700 + 2040
= $4,340
Gross Wage is what an employee earns before taxes, benefits, and other payroll deductions are deducted from their salary. Gross income is everything a person earns in a year, whether as an employee or an investor.
Earned income includes only wages commissions bonuses and business income fewer expenses if the individual is self-employed. Your gross salary is the amount you earned from a particular job before deductions. This usually appears at the top of your payslip before it is deducted from your salary. This is the salary stated in the employment contract. A fixed amount is usually paid monthly to him for a year.
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Which one of the following is true?1. Under US tax law, all company interest payments are taxable to the company2. Under international tax law, all company interest payments are taxable to the company3. Under US tax law, a corporation's interest payments are tax-deductible4. Under international tax law, all company interest payments are tax-deductible
The legal guidelines and processes governing tax laws determine how the federal, state, and municipal governments determine . It is accurate to say company's interest costs are tax deductible under US tax law.
Explain what taxes are.Taxes are compulsory payments made by a government organization, either local, regional, or federal, to people or businesses. Tax revenues are used to fund a variety of government initiatives, such as Medicare and Social Security as well as public infrastructure and services like roads and schools.
How come we pay taxes?The government uses taxes to fund a variety of welfare programs, including job initiatives. The government is responsible for covering the administrative expenses for the different departments' thousands of employees.
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businesses engage in environmental protection activities to show their responsibility to their general public stakeholders. group of answer choices false true
True, companies take part in environmental preservation initiatives to demonstrate their accountability to the public and other stakeholders.
Stakeholder: What does that mean?an individual or group of individuals who possess stock in a company. an individual with obligations to and an interest in the success of an organization, society, or other entity, such as a worker, client, or citizen.
Stakeholders in a corporation are who?The company's stakeholders include investors and employees. All individuals or organizations with a stake in the success of the company are considered stakeholders.
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early supply and supplier involvement (esi) pulls the buyer into the relationship management stage and pulls the supplier into need recognition and description.
Early supply and supplier engagement (ESI) pulls the supplier into the need identification and description stage while pulling the buyer into the relationship management stage. This claim is untrue.
Early Supplier Involvement (ESI): What is it?Early supplier involvement is the vertical coloration between supply chain partners when the manufacturer strives to include the supplier in the product development process from a very early stage. These vendors serve as a significant source of innovation for the creation of new products.
Why is ESI necessary?Due to the need for collaboration, early supplier involvement fosters stronger ties amongst supply chain participants. Innovation is more likely to occur when all parties are more vested in the final outcome.
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an employer with many employees must pay a deposit at the beginning of the year usually equal to % of the estimated annual premium for worker's compensation insurance.
An employer with many employees must pay a deposit at the beginning of the year usually equal to 25% of the estimated annual premium for worker's compensation insurance.
A risk management tool is insurance. You buy protection from unanticipated financial losses when you buy insurance. The insurance provider will compensate you or a person of your choosing if something unfavorable occurs.
A financial safety net called insurance helps you and your loved ones recover from a catastrophe like a fire, theft, legal action, or car accident. When you buy insurance, you'll get an insurance policy, which is a legal contract between you and your insurance company.
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the emergence of the subprime mortgage market following the recession of 2001 made it increasingly difficult for low-income individuals to obtain a mortgage. a. true b. false
The emergence of the subprime mortgage market following the recession of 2001 made it increasingly difficult for low-income individuals to obtain a mortgage. b. false
A subprime mortgage is typically given out to applicants with bad credit. Because the lender believes the borrower has a higher-than-average chance of defaulting on the loan, a prime conventional mortgage is not given.
To make up for taking on additional risk, lending institutions frequently charge interest rates on subprime mortgages that are significantly higher than those on prime mortgages. These mortgages are frequently ARMs, meaning that the interest rate has the ability to rise at particular intervals.
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A company, using the periodic inventory system, has merchandise inventory costing $175 on hand at the beginning of the period. During the period, merchandise costing $635 is purchased. At year-end, merchandise inventory costing $160 is on hand. The cost of merchandise sold for the year is
A. $970
B. $650
C. $300
D. $620
The cost of merchandise sold for the year is $650.
what is periodic inventory system?
The stock control system is a method of actually counting the inventory at present intervals in order to value it for the purposes of financial reporting. This method of accounting involves taking inventory at the beginning of each shift, adding new stock items over the course of the period, and deducting ending inventories to determine the cost of the goods sold (COGS).
Under the periodic inventory approach, a company won't be aware of its unit product offerings or COGS until the entire operation is complete. For a business with a tiny proportion of SKUs working in a slow industry, this approach might be appropriate, but for all other businesses, the permanent inventory management system is favored for the following important reasons:
The periodic approach is time-consuming and might result in stale figures that are less relevant to management. The everlasting existing system refreshes the determines the appropriate registry in an industry's database management system, improving processes an instantaneous view of inventory.To learn more about periodic inventory system:
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a small tie shop finds that at a sales level of x ties per day its marginal profit is dollars per tie, where . also, the shop will lose $ per day at a sales level of . find the profit from operating the shop at a sales level of x ties per day.
The profit from operating shop at sales level of x ties per day is P(x) = 1.85x + 0.06x^2 - 0.0008x^3 - 65.
What is a profit?Economics defines profit as the difference between a company's total input costs and the money it has made from its products. Total cost is the sum of all costs, including direct and indirect costs, less total income. It is different from accounting profit since accounting profit only applies to costs that are expressly listed on a company's financial records. A company's accounting profit is determined by subtracting all of its explicit costs from its overall revenue. An economist studies a firm and examines all costs, both hidden and explicit. So, the profit in the economy is lower than the profit in the books. Regular profit and economic profit are typically examined in tandem.
P(x) = ∫MP(x) dx = ∫ 1.85 + 0.12(x) - 0.0024(x^2)
P(x) = 1.85x + 0.06x^2 - 0.0008x^3 + C
So, P(x) = 1.85x + 0.06x^2 - 0.0008x^3 - 65
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northwest fur company started 2024 with $94,000 of inventory on hand. during 2024, $400,000 in inventory was purchased on account with credit terms of 1/15, n/45. all discounts were taken. purchases were all made f.o.b. shipping point. northwest paid freight charges of $7,500. inventory with an invoice amount of $5,000 was returned for credit. cost of goods sold for the year was $380,000. northwest uses a perpetual inventory system.
The ending inventory of northwest fur, assuming its uses the gross method to record purchases equals to $167,996.
What is an Inventory?An inventory means the goods that a business holds for the ultimate resale, product, or utilization.
We are going to calculate Cost of goods sold: The formula is: "Opening Inventory + Purchases - Purchase return - discount availed on purchases + freight paid- Ending inventory"
The discount to be availed on purchases:
= (Purchases- purchase Return) x discount rate
= (430000 - 4900) x 4%
= $17004
So, the cost of goods sold:
= Opening Inventory + Purchases - Purchase return - discount availed on purchases + freight paid- Ending inventory
361000 = 112000 + 430000 + 8900 - 17004 - 4900 - Ending inventory
361000 = 528996 - Ending inventory
Ending inventory = 528996 - 361000
Ending inventory = $167,996
Missing words "what is ending inventory assuming northwest uses the gross method to record purchases?"
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describe the way board of directors and officers are held legally accountable for their wrongdoings and to the extent shareholders acting on behalf of the corporation can be potentially harmed in this pursuit; and
Board of Directors and Officers are held legally accountable for their wrongdoings through civil and criminal liability. In some cases, shareholders acting on behalf of the corporation may be able to sue directors and officers for breach of fiduciary duty if they are found to have acted in a manner that was not in the best interests of the corporation.
Shareholders can also demand that directors and officers be removed if they are found to be guilty of malfeasance or fraud. If directors and officers are held liable for their wrongdoings, the shareholders may be able to recoup damages as a result of their losses. However, shareholders may be limited in the extent to which they can seek damages depending on the jurisdiction in which the corporation is based.
What is the role of boards of directors and managers?The role of the board of directors is to act as the ultimate decision-making body for the organization. They are responsible for setting the vision, long-term strategy, and overall direction of the organization.
The role of the manager is to ensure that the organization is meeting its goals and objectives as set by the board of directors. They are responsible for day-to-day operations and managing the staff and resources needed to carry out the board’s directives.
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