Business, 01.12.2021 02:40, stonerbabyy
Hardcase Luggage Shop is a small retail establishment located in a large shopping mall. This shop has implemented the following procedures regarding inventory items:
a. Because the shop carries mostly high-quality, designer luggage, all inventory items are OBJ. 1 tagged with a control device that activates an alarm if a tagged item is removed from the store.
b. Because te display ara of the store is limited, only a sample of each piece of luggage is kept on the selling floor. Whenever a customer selects a piece of luggage, the salesclerk gets the appropriate piece from the store?s stockroom. Because all salesclerk needs access to the stockroom, it is not locked. The stockroom is adjacent to the break rooms used by all mal employees.
c. Whenever the Hardcase luggage shop receives a shipment of new inventory, the items are taken directly to the stockroom. Hardcsse's accountant uses the vendor's invoice to record the amount of inventory received.
State whether each of these procedures is appropriate or inappropriate. If it is inappropriate to explain why.
Answers: 3
Business, 21.06.2019 21:00, maliekadeans8499
The following accounts appeared in recent financial statements of delta air lines. identify each account as either a balance sheet account or an income statement account. for each balance sheet account, identify it as an asset, a liability, or stockholders' equity. for each income statement account, identify it as a revenue or an expense. item financial statement type of account accounts payable balance sheet advanced payments for equipment balance sheet air traffic liability balance sheet aircraft fuel (expense) income statement aircraft maintenance (expense) income statement aircraft rent (expense) income statement cargo revenue income statement cash balance sheet contract carrier arrangements (expense) income statement flight equipment balance sheet frequent flyer (obligations) balance sheet fuel inventory balance sheet landing fees (expense) income statement parts and supplies inventories balance sheet passenger commissions (expense) income statement passenger revenue income statement prepaid expenses income statement taxes payable balance sheet
Answers: 1
Hardcase Luggage Shop is a small retail establishment located in a large shopping mall. This shop ha...
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