Buckeye Corporation hired Wolverine Inventory Counters to he…

Buckeye Corporation hired Wolverine Inventory Counters to help them count ending inventory in the warehouse on December 31, 2021.   Wolverine was distracted when they were performing their count and understated ending inventory by $15,000.  Buckeye hired Badger Inventory Counters on December 31, 2022 and inventory was counted correctly.  What is the impact on retained earnings of Buckeye Corporation for the year ended December 31, 2022?

Madison Company identifies the following items for possible…

Madison Company identifies the following items for possible inclusion in the physical inventory. Indicate whether each item should be included or excluded from the inventory taking. 3,000 units of inventory in transit from a supplier shipped FOB shipping point. 1,000 units of inventory shipped on consignment from Madison Company to another company. 200 units of inventory held on consignment from another company. 1,250 units of inventory sold but being held for customer pickup.

Buckeye Corporation hired Wolverine Inventory Counters to he…

Buckeye Corporation hired Wolverine Inventory Counters to help them count ending inventory in the warehouse on December 31, 2021.   Wolverine was distracted when they were performing their count and understated ending inventory by $15,000.  Buckeye hired Badger Inventory Counters on December 31, 2022 and inventory was counted correctly.  What is the impact on retained earnings of Buckeye Corporation for the year ended December 31, 2022?

Grainger Incorporated shows the following data related to an…

Grainger Incorporated shows the following data related to an item of inventory:             Inventory, January 1                           300 units @ $5.00             Purchase, January 9                           900 units @ $5.40             Purchase, January 19                         210 units @ $6.00             Inventory, January 31                         300 units   What value should be assigned to the ending inventory using FIFO?

Using the information, in question 2, what would Grainger’s…

Using the information, in question 2, what would Grainger’s Current Ratio be using the LIFO method?  Assume current liabilities are $5,000 and total liabilities are $20,000.  Assume current assets (without inventory) are $3,000 and total assets (without inventory) are $15,000.  Round your answer to two decimal places.  

  QUESTION 6     Resistors are included in circuit…

  QUESTION 6     Resistors are included in circuits that are used as potential dividers.         (a) Derive an equation for the combined resistance RT for two resistors, R1 and R2, in series. (3)       (b) The diagram (see addendum) shows a circuit that includes a resistor combination. The battery has negligible internal resistance.     The ammeter displays a current of 0.50 A. Calculate the resistance R. (3)       (c) The circuit shown (see addendum) includes a light dependent resistor (LDR). The battery has no internal resistance.   (i) In normal daylight, this particular type of LDR has a resistance of 670 Ω. Calculate the power dissipated in the fixed resistor in normal daylight. resistance of fixed resistor = 8.00 kΩ      (3) (ii) As the light intensity incident upon the LDR decreases, the power dissipated in the fixed resistor decreases. Explain why the power in the fixed resistor decreases. Your answer should include reference to the electrons in the LDR. (4)