The ending inventory of a company was $450,000 as per the perpetual inventory records. The current replacement cost for the ending inventory is $410,000. Prepare the journal entry to adjust inventory. Omit explanation.
What will be an ideal response?
Note:
Amount written down = $450,000 - $410,000 = $40,000
You might also like to view...
Journalize the following transaction for a merchandiser that uses the perpetual inventory system. Received returned goods from a customer, $1,000 (cost, $740). The goods were sold on account. Omit explanation.
What will be an ideal response?
In the ________, all elements of a market plan merge into a forecast of percent margins and marketing profitability
A) situation analysis B) performance review C) profit plan D) marketing performance plan E) adjusting marketing plan
Omar is a human resources manager for a large landscaping and exterior construction company called Northwest Patios. A local news station has just done a story on several dissatisfied customers and their complaints of shoddy work. Omar has had two other media outlets contact him this morning too. Based on research on the effects of such publicity, Omar should expect that
a. job applications will increase, though rates of candidates accepting job offers will decline. b. employee retention will improve. c. both rates of candidates accepting job offers and employee retention will slide. d. job applications will decrease but employee retention will stay the same. e. no substantive changes in applications, offer acceptance or retention will occur.
Which of the following statements about the important factors that affect how women and men approach negotiations is untrue?
A. Women tend not to draw strict boundaries between negotiating and other aspects of their relationships with other people but instead see negotiation as a behavior that occurs within relationships without large divisions marking when it begins and ends. B. Men use dialogue in two ways: (a) to convince the other party that their position is the correct one and (b) to support various tactics and ploys that are used to win points during the discussion. C. Men are more likely to seek empowerment where there is interaction among all parties to build connections and enhance everyone's power. D. Women are more aware of the complete relationship among the parties who are negotiating and are more likely to perceive negotiation as part of the larger context within which it takes place than to focus only on the content of the issues being discussed.