Answer: Ambush Marketing
Explanation:
The mask company is engaged in Ambush marketing in the Olympics event.
Ambush marketing is a marketing technique that businesses use to give the public an impression that they are sponsoring an event when they aren't.
Answer:
FOUR types of visual aids are, but not limited to, physical samples, models, handouts, pictures, videos.
Answer:
The answer is below
Explanation:
Scientific notation is a way in which real numbers both big and small are represented in decimal form. It is represented by dividing the number into two parts in the form of a × , where 1 ≤ |a| ≤ 10 and b is to the power of ten which makes it equal to the original number.
Answer:
Balance sheet
Inventory - Understatement by $11,600
Owners equity - Understatement by $11,600
Income statement
Cost of goods sold - Overstatement by $11,600
Net income - Understatement by $11,600
Explanation:
The movement in an inventory account which is the difference between the opening and ending balances is a function of the purchases and the sales during the period.
This is captured in the equation below
Opening balance + purchases - cost of goods sold = ending balance
Hence an understatement of the ending balance would result in an overstatement of the cost of goods sold thus an understatement of the net income (and owner's equity).
The understatement in closing inventory balance is
= $378,500 - $366,900
= $11,600.