The ending Merchandise Inventory for the current accounting period is understated by $2,700. What effect will this error have on Cost of Goods Sold and Net Income for the current accounting period?
A)
Cost of Goods Sold Net Income
Understated Understated
B)
Cost of Goods Sold Net Income
Overstated Overstated
C)
Cost of Goods Sold Net Income
Understated Overstated
D)
Cost of Goods Sold Net Income
Overstated Understated
D
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Adam wants to buy a washing machine and is looking for something that is not too expensive. When he goes to make the purchase, he finds there are two options that meet his requirements
One is a Maytag product, while the other is a newly imported South Korean brand. Adam is not very familiar with the latter and does not hesitate in choosing Maytag. This example implies that ________. A) the imported brand will not survive the competition from Maytag B) Maytag has a positive customer brand equity C) the South Korean company has a low advertising budget D) the imported brand is unreliable E) the Maytag washing machine has better features than the imported brand
Inventory controls What are some of the important controls that are expected to be included in a well-conceived inventory control system?
The major purpose of the sales presentation is to provide information.
Answer the following statement true (T) or false (F)
Leland begins his speech by stating, “I know that many of you have strong opinions about gun control. I simply ask you to keep an open mind this evening as you listen to my speech.” Leland is using which strategy of persuasion?
a. seeking out micro changes b. demonstrating cost-benefits c. providing sufficiency of evidence d. asking for a suspended judgment