Poppy Co. uses a periodic inventory system. Beginning inventory on January 1 was understated by $30,700, and its ending inventory on December 31 was understated by $16,100. In addition, a purchase of merchandise costing $21,500 was incorrectly recorded as a $2,150 purchase. None of these errors were discovered until the next year. As a result, Poppy's cost of goods sold for this year was: Multiple Choice Understated by $50,050. Overstated by $4,750. Overstated by $33,950. Understated by $33,950.

Answers

Answer 1

As a result, Poppy's cost of goods sold for this year was D. Understated by $33,950.

What is the cost of goods sold?

The cost of goods sold is the result of the addition of the beginning inventory to the purchases and the subtraction of the ending inventory.

When each of the three elements is understated, in this scenario, they would cause the cost of goods sold to be understated if the sum of the beginning inventory and purchases understatement outweighs the understatement of the ending inventory.

Understatement of the ending inventory overstates the cost of goods sold.

The beginning inventory on January 1 (understated) = $30,700

The ending inventory on December 31 (understated) = $16,100

Purchases of $21,500 were incorrectly recorded as $2,150 purchases, causing an understatement of $19,350 ($21,500 - $2,150).

The cost of goods sold for the year was understated by $33,950 ($30,700 + $19,350 - $16,100).

Thus, the understatement of Poppy's cost of goods sold was $33,950.

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Related Questions

Which answer correctly names the pitches on the staff in order
from left to right?
• E, B, F, A
O F, C, G, B
O D, A, E, G
O G, D, A, C

Answers

F, C, G, B name the pitches on the staff in order from left to right.

What are pitches?Pitch is a perceptual characteristic of sounds that enables their classification on a scale based on frequency. More frequently, the pitch is the ability to classify sounds as "higher" and "lower" in the meaning associated with musical melodies.The first seven letters of the Latin, Roman, English, etc. alphabet—A, B, C, D, E, F, and G—are used to identify each pitch in one of the most used pitch-naming schemes.The lowest frequency is represented by the pitch "A," and the highest by the pitch "G."Western music uses 12 notes, including C, D, E, F, G, A, and B, as well as five sharps and flats that correspond to those notes: C sharp/D flat, D sharp/E flat, F sharp/G flat, G sharp/A flat, and A sharp/B flat.

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Implements, vessels or instruments used in a household and especially a kitchen.

Answers

Utensils are any vessels or equipment used in a home, particularly a kitchen.

What are some examples of utensils?

A compact hand-held tool used for food preparation is referred to as a kitchen utensil. Baking, grinding, mixing, blending, and measuring are common kitchen chores; specific utensils are designed for each. Other common kitchen tasks include cutting food items to size and heating food over an open flame or on a stove.

A tool you can hold in your hand and use around the house is a utensil. The knives, forks, and spoons that we hold in our hands and use to eat are referred to as common utensils in the kitchen. The Latin word utensilia, which means "items for use," is where the word utensil derives. A writing instrument is a pen. A spatula is a tool used in cooking.

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Which symbol stands for a low range of notes?
A. Treble clef
B. Time signature
C. Bass clef
D. Key signature​

Answers

Answer:

D. Key signature

Please help! I don’t know the answer for this!

Answers

Answer:

I believe it's number 3 the right answer

Explanation:

is heard below in the excerpt from “Spring” from Vivaldi's Four Seasons, in form the full orchestra alternates with:

a. solo passages
b. brass melodies
c. slow melodies
d. piano melodies

Answers

answer : d good luck

Lake Incorporated purchased all of the outstanding stock of Huron Company paying $969,000 cash. Lake assumed all of the liabilities of Huron. Book values and fair values of acquired assets and liabilities were: Book Value Fair Value Current assets (net) $ 130,900 $ 124,000 Property, plant, equip. (net) 606,000 763,000 Liabilities 151,400 177,000 Lake would record goodwill of: Multiple Choice $383,500. $259,000. $82,000. $0.

Answers

Lake Incorporated would record goodwill of B. $259,000.

What is purchased goodwill?

The purchased goodwill that Lake Incorporated will record is the difference between the purchase price of Huron and Huron's net fair value.

The net fair value is the difference between the fair value of its assets and its liabilities.

The net fair value does not refer to the book value of the assets and liabilities.

Cash Payment for Huron Company = $969,000

                                            Book Value     Fair Value

Current assets (net)              $130,900       $124,000

Property, plant, equip. (net)  606,000         763,000

Total assets                         $736,000       $887,000

Liabilities                                 151,400          177,000

Net Value                           $584,600        $710,000

Difference between purchase value and net fair value = $259,000 ($969,000 - $710,000)

Thus, Goodwill of $259,000 would be recorded.

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In both the human eye and the camera, light enters a narrow opening and is
projected onto a photosensitive surface.
True
False

Answers

Answer: True

Explanation:

Match the descriptive words or phrases with the different elements of music as found in Britten's Young Person's Guide to the Orchestra
Theme and variations________________
Full orchestra _____________________
Marching Band ____________________
Homophonic throughout _____________
Ternary (A-B-A) ___________________
Homophonic at the beginning and polyphonic
________________________________
at the end based on a Barque tune ________

Answers

The descriptive words or phrases matched with the different elements of music as found in Britten's Young Person's Guide to the Orchestra is given as follows:

Theme and variations- FormFull orchestra - Performing forcesMarching Band rhythmHomophonic throughout texture Ternary (A-B-A) FormHomophonic at the beginning and polyphonic at the end TextureBased on a Barque tune Melody.What is Britten's Young Person's Guide to the Orchestra?

The Young Person's Guide to the Orchestra, Op. 34, by Benjamin Britten, is a 1945 musical piece with the subtitle Variations and Fugue on a Purcell Theme. It was inspired by the Abdelazer suite's second movement, "Rondeau."

The Young Person's Guide to the Orchestra by Benjamin Britten was initially intended to teach youngsters about all of the various instruments in the orchestra. The concertmaster is the orchestra's highest-ranking leader, second only to the conductor and music director in terms of power (who may be the same person).

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The arch can define large spaces because
-it can carry heavy loads
-it can only be made of stone
-it does not depend solely on the -tensile strength of its materials
-it acts as a bridge

Answers

Answer:

-it does not depend solely on the -tensile strength of its materials

Explanation:

Hope this helps.

How does the environment affect architects' choices of materials and structural systems?​

Answers

Answer:

Heat,cold, Air and water in excess and prolong exposure has an effect on the architecs.everything from the stone,sand,bricks,metal used in it is affected by the Environment.pollution and chemicals is in our hand so we can prevent damage and decay.proper maintainance is the key for preservation of Heritage architecs.

Explanation:

Engines do work when chemical energy is changed to _____ .
light
potential
heat

Answers

Answer:

Heat

-----------------------------------------------------------------------------------------------
When engines convert chemical energy to another form they are converting it to HEAT and it still works.

Engines do work when chemical energy is changed to heat. The correct option is C. In a heat engine, combustion can transform a fuel's chemical energy into thermal energy, or heat. The engine, as in engines that drive shafts, transforms the thermal energy into mechanical energy.

What causes an engine to run?

Running-on happens when there is no spark to start the fuel/air combination igniting in the cylinders. Due to the gasoline igniting spontaneously in the combustion chambers—which happens (intentionally) in a diesel engine—this phenomenon is known as the dieseling effect.

A stationary cylinder and a moving piston make up the engine. The piston is propelled by the expanding combustion gases, which turns the crankshaft. This motion ultimately propels the wheels of the car through the powertrain's gearing system.

Thus, the ideal selection is option C.

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A group of "upper class" composers who often performed music for the noble courts is known as:
A. Jongleurs
B. Chanters
C. Minstrels
D. Troubadours

Answers

Answer:

D. Troubadours

Explanation:

Some were actually knights.

I need some help!! I need help with the pearl paragraph. The prompt asks: “Animals help raise money for zoo through profitable paintings”

I don’t know where to start. Please help, I will give brainliest!

Answers

Answer:

Evidence: " "

Commentary: - (what you could say about that evidence to connect back to the prompt)

"Art made by animals is an ongoing source of income for many United States zoos." - the second paragraph

- include how (shops + online), include who (animals), include their success

"In 2005, a U.S. art collector paid thousands of dollars for some of Congo's work." - the fourth paragraph

- emphasize how the paintings help raise money; include the costs written throughout the article, include how valuable the animal's paintings are

"...many captive animals paint as part of their 'enrichment activities' designed by caretakers in zoos..." - the seventh paragraph

- benefits both the animals who paint, the zoo who's receiving the money, and the person buying it

Explanation:

Hope this helps.

An important element in creating a strong foundation and consistency in hair cutting and creating shapes is the use of

Answers

Answer: Angles (using combs in hair cutting)

Explanation:

Angles play a crucial role in establishing a solid foundation and maintaining stability.

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Which of the following is NOT an example of a variation in music?
A. Inversion
B. Mode change
C. Ornamentation
D. Treble clef

Answers

A. Inversion
hoep it helps

Answer:

it is B. Mode change

Explanation:

because when you look it up Mode change on

g o o g l e for a variation of music, nothing comes up, when you look up inversion, ornamentation, and treble clef they all show up as a variation of music

Have an awesome day! :)

The Roman Catholic service that symbolically reenacts the Eucharist, or communion:
A. The divine office
B. Vespers
C. Matins
D. The mass

Answers

Option (D) The mass is correct.

The Roman Catholic service that symbolically reenacts the Eucharist, or communion is the mass.

What is  Eucharist?The Eucharist, which is also referred to by the names Holy Communion and the Lord's Supper among others, is a Christian ceremony that is regarded as an ordinance in some churches and as a sacrament in others.A crucial component of Christian worship has been the Eucharist. It is a commemoration act, according to all Christians, in which the church remembers the person, words, and deeds of Jesus Christ by partaking of bread and drinking wine (or water or grape juice for certain Protestants).Due to its association with life, bread is a symbol of the Eucharist. Because Jesus oversaw the act of breaking the bread, we now regard the bread as representing the body of Jesus, so it serves as another symbol. Shared life is the focus of the Communion Rite.

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Which of the following instruments was often used to accompany singers in the Renaissance Period?
A. Cavaquinho
B. Guitar
C. Lute
D. Piano

Answers

The Lute was most utilized in the renaissance period.

In the Renaissance era, the lute was the foremost common instrument within the Western world. It became the image of the magic and power of music. The lute was the instrument of kings and queens.

The lute had a pear-shaped body, a rounded back manufactured from separate strips of wood, and a bent-back pegbox. The lute was detected within the theatre within the paper of Shakespeare's plays.

Throughout the Renaissance, most lute music was notated in one

of the 3 styles of musical notation (Italian, French, and German)

which 1st appeared around the start of the sixteenth century.

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Which phrase best describes a motet

Answers

A composition with original Melodie’s composed to secular texts

Carrie hits a loud power chord on her guitar but then doesn't do anything for the next two full measures. What are these measures without music?

Answers

She multiple rests, because if she plays then does not play for the next two measures that means she has two measures of rests

How did/does Blues music impact society?

Answers

Answer: The social significance of Blues music resides in the revolutionary element of African Americans creating their own aesthetics. Blues music represented the opposing voice that refused to be silenced by oppression and segregation. The Blues expressed this with unprecedented clarity, honesty and simplicity.

Explanation:

The blues basically helped express any emotion. It’s mostly used for anything sad like a heartbreak or losing a loved one. It could also be used for other things like honesty and simplicity.

what is art to most artist around the world

Answers

Answer:

maybe a way to freely express yourself creatively

Explanation:

Answer: amazingness unique  

Explanation: coming from an artis myself


T
g
Isolation is a straight-forward way to ensure the "main character" of a picture is noticed.
True
B False

Answers

Answer:

I am pretty sure that the answer is true

space exploration and the four lenses of liberal arts

Answers

Answer:

There are four lenses of space exploration: Social Science, Natural Science, History, and Humanities.

The History lens provides astronomers with a view of occurrences that happened during various periods in the past.

The Humanities lens enables scientists to study human culture.

The Natural Science Lens is quantitative and proven through testing.

The Social Science Lens is the study of human behaviors. It explores society and how people relate to each other

Explanation:

Hope this helps.

In space exploration the four lenses of liberal arts are social science, natural science, humanities and history. This can help in expanding their views and thinking.

What do you understand by the space exploration?

Space exploration is the study of the reaches of the cosmos beyond Earth's atmosphere using crewed and uncrewed spacecraft, with the goal of advancing humankind's understanding of the cosmos.

NASA and ESA started a programmed to talk about orbital debris study in 1987. Meetings with China, the Soviet Union, and Japan were also held.

In 1989, a working committee from a government agency drafted the first report on orbital debris for the US government. The US should coordinate debris with other countries and pertinent international bodies, according to this report's recommendation.

Hence, in space exploration the four lenses of liberal arts are social science, natural science, humanities and history.

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Which text structure is most often used in process essays?

A.an interesting opener, context for the topic, list of materials, steps in the process

B.context for the topic, steps in the process, history of the topic, reason for writing

C.an interesting opener, list of materials, steps in the process, context for the topic

D.context for the topic, the author’s personal story, reason for writing, steps in the process
_________________________________________________________________

Read an excerpt from the article, “Tamales: Food of the Gods.” As you read, think about why the writer discusses the history of tamales in a how-to article.

It’s usually savory―but sometimes sweet. It may be meat-filled, or it may be vegetarian. To the ancient Aztecs, it was the food of the gods. The tasty, versatile tamale is one of Latin America’s oldest and greatest gifts to food lovers.

People in Central America and what is now Mexico made tamales as early as 7000 B.C. from wild corn called teocintle. The Mayans and Aztecs served them at feasts and festivals and as part of religious rituals, offering tamales to their gods. They also valued the tamale, with its corn-husk wrapping, as a highly portable food for long journeys.

What is the main point of these two paragraphs?

A.to explain how to make tamales today

B.to discuss why tamales are still made today

C.to show the interesting history of tamales

D.to discuss how tamales were made in the past

language Arts

Answers

The correct answer would be C

you thought I was feelin you?

Answers

Answer: That n a munch

Explanation:

Yes, and pls don’t break my heart

Horton Stores exchanged land and cash of $5,300 for similar land. The book value and the fair value of the land were $88,000 and $101,900, respectively. Assuming that the exchange has commercial substance, Horton would record land—new and a gain/(loss) on exchange of assets in the amounts of: Land Gain/(loss) a. $ 107,200 $ 0 b. $ 107,200 $ 13,900 c. $ 93,300 $ 0 d. $ 93,300 $ 13,900 Multiple Choice Option A Option B Option C Option D

Answers

Horton would record land—new and a gain/(loss) on the exchange of assets in the amounts of Option C, $ 93,300 $ 0 Option C

This is further explained below.

What are assets?

Generally, Any resource that is held or managed by a company or another economic body is considered an asset in the context of financial accounting.

It refers to everything that has the potential to be used in a manner that results in an increase in economic value.

The value that may be realized from ownership of an asset can be realized in monetary form.

In conclusion, Because it is stated in the inquiry that the exchange does not have any commercial substance, this is the reason why profits need to be recognized despite the fact that the transaction does not anticipate any modification in future cash flow.

x= ($88,000+$5300)

x= $94,400

Where gain/(loss) is at $ 0

Option C, $ 93,300 $ 0

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Julio is a very talented artist. He loves the idea of designing movie posters and has been learning the computer programs that he will need for a career in graphic design. He has an interview for an entry-level position, and he brought his portfolio with some of his best work. At the interview, his potential employer lets him know that they liked his technique, but their firm has a different style and they would want him to replicate it. What would be the BEST response that Julio could give in this situation

Answers

The hierarchy refers to how the pieces are arranged for a poster display. A poster's attraction to the spectator is aided by everything from color and contrast to negative space and letter spacing.

What exactly do poster artists do?

Daily tasks for poster designers may include:Having a meeting with clients to discuss upcoming eventsProducing artwork in response to client requestsUsing social media to promote their artscreen printing coordinationdelivering printed posters to customers under time constraintsFor online advertising, creating digital versionsPitch collaborations with regional music venues, brewers, festivals, and other organizations.

Does graphic design also apply to posters?

Graphic design includes poster design. Graphic design is used by poster artists, who typically have more freedom and flexibility than those who use more conventional marketing strategies. The emphasis on digital advertising at the moment presents chances for interaction and dynamic designs that can reinvent poster art.

The following are some parallels between graphic design and poster design:

1. When creating their designs, graphic and poster artists must take the end in mind.

2. Designs need to appeal to the intended audience.

3. The client's brand must be echoed in the colors, graphics, font, and format.

4. Using best principles for graphic design can help guarantee aesthetically pleasant results, including visual hierarchy, high-resolution pictures, and precise alignment.

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The music industry utilizes editors in
which of the following ways?
A. musicians
C. performances
B. videos
D. lyrics

Answers

The answer definitely will be B videos

balance is created when unequal visual forces create a dynamic
compositional balance.
Asymmetrical
Symmetrical
Obvious
Radial

Answers

Jdjdjcjddhsjjsjsjsjxkxkckcjcjc

Which design field is constantly
evolving with technology and has
become the advertising industry
standard in the 21st century?
A. Fashion
B. Computer-based
C. Interior

Answers

Answer:

it would be

Explanation:

C!

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