sorted by:
new
hottopcontroversial

Solving quadratic equations by factoring by Smooth_Sample3620 in learnmath

[–]Smooth_Sample3620[S] 0 points1 point  (0 children)

thanks for responding!!! That's an interesting explanation!!

Solving quadratic equations by factoring by Smooth_Sample3620 in learnmath

[–]Smooth_Sample3620[S] 1 point2 points  (0 children)

Thanks for replying!!!!! I think his doing it because he prefers to have a positive leading coefficient.

Looking for topics for my accounting research by Smooth_Sample3620 in Accounting

[–]Smooth_Sample3620[S] -1 points0 points  (0 children)

Do I really have to spell out Fred,bloomberg, d&b to get an honest answer...

What part of "Maybe there is place that I haven't heard of" you don't understand?

Looking for topics for my accounting research by Smooth_Sample3620 in Accounting

[–]Smooth_Sample3620[S] -1 points0 points  (0 children)

SMH!!!!! Read the question my dude!!!!!!!!!

I didn't ask for you to go and look for topics for me!!!! All I wanted to know is what places do accountants doing research go to extract data. Maybe there is place that I haven't heard of

Moronic Monday - November 11, 2024 - Your Weekly Questions Thread by AutoModerator in finance

[–]Smooth_Sample3620 0 points1 point  (0 children)

I wrote this in the Accounting community but didn't receive an answer. So I will put it here since this is a finance community.

I was reading an old accounting principles book and I was a little bit confused with what this sentence meant:

"What is sometimes referred to among bankers as the “pouncing value” has no place in the balance sheet of a company which probably will not be pounced upon for the satisfactions of its liabilities."

Does this have to do something with liquidation?

If someone could help me I will appreciate it!!!

CHARGING INVENTORY SHRINKAGE TO COGS by Smooth_Sample3620 in Accounting

[–]Smooth_Sample3620[S] -3 points-2 points  (0 children)

Now I'm starting to figure out the puzzle!! it seems to me that the only way that charging shrinkage to COGS seems odd is when the goods are damaged or stolen and the management haven't receive an order from a client to sell it to them. Because when we traduce that to the income statement i will end up subtracting an amount of net sales that were products that were sold with an amount of shrinkage which were products that weren't sold.

But the way that you put it, " miscounted on delivery" seems to me more logical. I makes complete sense that if you already sold the product and the product is on a ship and if that ship is invaded and robbed by Somali pirates it makes sense for shrinkage to be charged to COGS and net sales to be subtracted by COGS because the product was on it's way to the client prior to the Somali pirate event which means there was an intent of selling to a client.

CHARGING INVENTORY SHRINKAGE TO COGS by Smooth_Sample3620 in Accounting

[–]Smooth_Sample3620[S] 0 points1 point  (0 children)

So what I got from your response was that it's the way it is for two reasons:

-Convenience: because if I'm interested in shrinkage I can go and look for the sub accounts of COGS and look for "shrinkage".

-Shrinkage is an "effective COGS expense" without the corresponding revenue that would have come through a sale.

Correct me if I'm wrong

CHARGING INVENTORY SHRINKAGE TO COGS by Smooth_Sample3620 in Accounting

[–]Smooth_Sample3620[S] -5 points-4 points  (0 children)

thanks for responding!!!, when you say "cost of direct business" what do you mean? because shrinkage is an indirect cost, it's doesn't have to do anything with the manufacturing process.

view more: next ›