An overstatement of ending inventory in one period results in.

Answers

Answer 1

Answer:

Results in understated cost of goods sold, overstated net income, overstated assets, and overstated equity.


Related Questions

Factors that will affect a person's real wages​

Answers

Answer:

The growth in the business and the amount of work given to the person and also the number of hours he/she works

what is the formula for activity ratio

Answers

Answer:

The ratio is calculated by dividing the net sales by the working capital. The ratio helps you figure out the net annual sales generated by the average amount of working capital during a year.

Explanation:

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Answer:

The ratio is calculated by dividing the net sales by the working capital. The ratio helps you figure out the net annual sales generated by the average amount of working capital during a year.

A recent study on enrollment at a liberal arts college concluded that demand elasticity is 0.91. The administration is considering a tuition increase to help balance the budget. The revenue-maximizing decision is to:___.
a. decrease tuition, which should boost enrollment enough to balance the budget.
b. decrease tuition, which would bring in more revenue.
c. leave tuition as is an increase would not help balance the budget.
d. increase tuition, which would generate more revenue.

Answers

Based on the fact that the demand elasticity is 0.91, the revenue-maximizing decision would be to d. increase tuition, which would generate more revenue.

Why is this the revenue-maximizing decision?

When the demand elasticity is below 1 as is the case here, it means that demand is inelastic.

When demand is inelastic, an increase in price will lead to a lower decrease in demand. This means that increasing prices for enrollment in this college will bring in revenue because there won't be much change in demand.

In conclusion, option D is correct.

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Select all that apply Borrowing money is required whenever ______. Multiple select question. the cash excess equals the minimum required cash balance there is a cash deficiency the cash excess is greater than the minimum required cash balance the cash excess is less than the minimum required cash balance

Answers

Answer:

Borrowing money is required whenever there is a cash deficiency and the cash excess is less than the minimum required cash balance.

Explanation:

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Which situation is an example of e-commerce?
A.
Sara enjoys shopping from the comfort of her home.
B.
Jeanne ensures that she closes a sale before she ends her sales call.
C.
Josh never misses an opportunity to grow his business network.
D.
Tim prefers to visit several stores before making a purchase.

Answers

Answer:

=> A is an example of e-commerce .

=> A.Sara enjoys shopping from the comfort of her home.

Explanation:

=> E-commerce is the process of selling and buying goods and product over internet .

list 3 features of the trial balance

Answers

Answer:

ur mom ur dad and........STEP BRO

Explanation:

It is a summary of debit and credit balances which are extracted from various ledger accounts.

It is a summary of debit and credit balances.

The motive behind the preparation of Trial balance is to establish arithmetical accuracy of the transactions recorded in the Books of Accounts.

Marco wants to install new flooring in his hallway and kitchen. He does not need new flooring in the counter, stove, or sink areas. How many square feed of flooring will he need to purchase?

Answers

It is important that Marco need to know the measurement of the floor to allow him decide the square feed of flooring to be purchased.

How are floor measured?

For correct measurement, the square foot of a flooring can be by using a tape measure to determine the room's length and width.

The room's measured length and width will then be multiply to get your square footage.

In conclusion, it is important that Marco need to know the measurement of the floor to allow him decide the square feed of flooring to be purchased.

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What is the main advantage of mobile point-of-sale devices?
O A. They allow customers to make purchases online.
O B. They allow customers to make large purchases.
O c. They allow sellers to accept payment anywhere.
O D. They allow sellers to verify a customer's identity.

Answers

The main advantage of mobile point of sale device is that they allow customer to make purchase online.

What is a mobile point of sale device?

A mobile point of sale is a device like smartphone tablet or a wireless device which performs functions of cash register or point of sale terminal wirelessly. It is very useful for the businesses that deals with outside geographic location.

For example: if someone wants to deal outside the city or any other geographic location a mobile point of sale device is very useful for them.

Requirements to use mobile point of sale device?

To use a device a business need efficient internet connection, application downloaded to the device from which all the transactions are being done ,a credit or debit card reader.

How does mobile point of sale device work?

M POS can be accessible from any smartphone or tablet after downloading the software in the device.

Hence option A is the correct answer,

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Answer:

They allow sellers to accept payment anywhere.

Explanation:

Zach is looking for a homeowners insurance policy for his new house. AAA Insurance company has offered him a plan that insures his home annually for $0. 36 per $100 of value in the home. In order to make calculations easier, Thompson’s Insurance lists their annual homeowners insurance premium a bit differently, at $3. 63 per $1,000 of value in the home. Zach’s house is worth $289,000. What should Zach be thinking as he chooses between the two insurance companies? a. $3. 63 per $1,000 is approximately the same as $0. 36 per $100. The premiums for the two insurance companies will be the same. B. The annual premium for his house would be cheaper through AAA. C. The annual premium for his house would be cheaper through Thompson’s. D. Since the two insurance companies list their premiums differently, the two cannot be compared.

Answers

The annual premium for Zack's house would be cheaper through AAA than Thompson’s Insurance.

How to calculate the annual premium of two companies?

AAA company is offering $0.36 per $100 of value.

Thompson company is offering $3.63 per $1,000 of value;

[tex]\frac{3. 63 }{1000} \\=\frac{0.363}{100}[/tex]

Hence, 0.363 is higher than 0.36, which makes AAA company more beneficial for insurance.

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For each price in the following table, use the graph to determine the number of jackets this firm would produce in order to maximize its profit. Assume that when the price is exactly equal to the average variable cost, the firm is indifferent between producing zero jackets and the profit-maximizing quantity. Also, indicate whether the firm will produce, shut down, or be indifferent between the two in the short run. Lastly, determine whether it will make a profit, suffer a loss, or break even at each price.

Answers

A) the number of jackets to be produced to maximize profit is 35 (the point above the intersection of the Marginal Cost (MC) and the Average Total Cost (ATC).

What is the Average Total Cost?

Average Total Cost (AVC) is computed by dividing the total quantity produced by the total cost used in producing it.

B) The firm will be Indifferent at the point where MC = ATC because at least, it is able to cover sunk costs. At the point where MC = AVC however, it will most likely shut down because it is now incurring losses. Revenue is no longer sufficient at this point to cover Average Total Costs, how much more Average Variable Cost.

C) with regards to profits or losses:

At Price A (where Price is above the intersection between MC and ATC), the company will make a profit.At point B (where MC = ATC), the company will break even.At point C (where the MC = AVC), the company will make a loss.

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The primary operating goal of a publicly-owned firm trying to best serve its stockholders should be to.

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The primary operating goal of a publicly-owned firm trying to best serve its stockholders should be to maximize the firm's expected EPS, which must also maximize the firm's price per share.

What is a a publicly-owned firm?

A publicly-owned firm is a firm that is owned by members of the public who buy shares in the firm and thus become shareholders. Managers are employed to run the firm.

As the value of shares of the publicly-owned firm increases, the wealth of shareholders also increase.

Here is the complete question:

The primary operating goal of a publicly-owned firm trying to best serve its stockholders should be to

a Maximize managers' own interests, which are by definition consistent with maximizing shareholders' wealth.

b. Maximize the firm's expected EPS, which must also maximize the firm's price per share.

c. Minimize the firm's risks because most stockholders dislike risk. In turn, this will maximize the firm's stock price.

d. Use a well-structured managerial compensation package to reduce conflicts that may exist between stockholders and managers.

e Since it is impossible to measure a stock's intrinsic value the text states that it is better for managers to attempt to maximize the current stock price than its intrinsic value.

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Waylon works for a company that produces temporary tattoos. His company wants to reach a young, highly engaged target market. His company currently has a profile on every major social media platform, but waylon has been instructed to invest more resources into one platform. Which platform should waylon focus on?.

Answers

The social media platform that Waylon should focus on more should be Insta-gram.

What are Social Media Platforms?

Social Media Platforms are websites and mobile applications software where information, ideas, thoughts are shared through virtual networks for different types of purposes such as to educate, inform, or for marketing purposes.

The target young people required for their engagement in Waylon's company is generation Z. Generation Z is mostly found and they spend most of their time on Insta-gram.

According to research, 65% of generation Z spent most of their time on this social media platform.

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If mary can bake a cake at a lower opportunity cost than sarah can, then:.

Answers

Answer:

She has a comparative advantage

Explanation:

She is able to produce cakes at a lower cost which means in comparison to Sarah, she is at an advantage and is able to produce more items at a less opportunity cost.

If Mary can bake a cake at a lower opportunity cost than Sarah can, it means that Mary can produce a cake with fewer resources and sacrifice fewer alternative goods or opportunities compared to Sarah.

What happens at this ower opportunity cost

In economic terms, the opportunity cost is the value of the next best alternative that must be given up to choose a particular option.

So, if Mary has a lower opportunity cost for baking a cake, it implies that she is more efficient in cake production, either by using fewer ingredients, less time, or less labor than Sarah.

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Renee receives an email that claims to be from her lender. The email has an odd appearance and grammatical errors. She recognizes that the email is a attempt.

A. dumpster diving
B. skimming
C. phishing
D. hacking

Answers

The Email that was received by Renee was the attempt to phishing. Therefore the correct option is (C).

What is the meaning of Phishing?

Phishing is a kind of a fraud done by the culprit to contact the people through mails or other ways of contact to pose as a reliable organization. They are done by the attackers or the hackers to take the personal information of the people.

They does such acts by sending mails and malicious links or any kind of the attachments. The Email that was received by Renee was the attempt to phishing. Therefore the correct option is (C).

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Answer: C. phishing

Explanation: just got it right

Any point inside a production possibilities curve is.

Answers

Any point inside a production possibilities curve is an inefficient point of production.

What is the production possibilities curve?

The production possibilities curve is a curve that depicts the various combinations of two goods a country can produce when its resources are used to its optimum capacity.

Point outside the curve means that the production level is not attainable given the level of resources. Points inside the production possibilities curve means that the nations resources are not being fully utilised

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The debt-to-income (DTI) ratio of a borrower is used to compare _____ to the borrower’s gross monthly income. A. Monthly credit expenses (credit cards and loans) b. Monthly debt expenses from loans (home, personal, auto, student) c. Monthly housing expenses (rent or mortgage, homeowner’s insurance, property tax, utilities) d. Monthly living expenses (rent or mortgage, property tax, mortgage insurance, minimum credit card payments, and monthly loan payments).

Answers

Answer:

Answer is D. monthly living expenses (rent or mortgage, property tax, mortgage insurance, minimum credit card payments, and monthly loan payments)

Explanation:

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Answer:

d

Explanation:

on edge

Tshawna likes to buy Ralph Lauren clothes because the advertisements show healthy, athletic people having fun and looking very stylish. Tshawna regularly buys Ralph Lauren apparel even though it is pricy because of the _______.

Answers

Tshawna regularly buys Ralph Lauren apparel even though it is pricy because of  the: manufacturer's reputation.

What is manufacturer's reputation?

A manufacturer's reputation signify that the manufacture or product are expert in producing quality and great product and they product unique product that tend to attract customers.

Based on the given scenario despite the  Ralph Lauren apparel is costly Tshawna prefer their product because of their unique characteristic and good reputation the company portray.

Inconclusion Tshawna regularly buys Ralph Lauren apparel even though it is pricy because of  the: manufacturer's reputation.

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Which country does not claim ownership of the invention of churros?.

Answers

Answer:

Mexico

Explanation:

The history of the churro is the subject of much debate. Three countries claim ownership of the snack: Spain, China, and Portugal.

Which general staff member directs management of all incident.

Answers

Answer:

Operations Section Chief directs management of all incident-related operational activities to achieve the incident objectives.

Which of the following statements is correct?
a. Balance sheet accounts are permanent accounts and do not retain their balances from one period to the next.
b. Balance sheet accounts are temporary accounts and do retain their balances from one period to the next.
c. Income statement accounts are permanent accounts and do retain their balances from one period to the next.
d. Income statement accounts are temporary accounts and do not retain their balances from one period to the next.

Answers

D) Income statement accounts are temporary accounts and do not retain their balances from one period to the next.

why is every element of the chain dependent on the others in the chain of distribution ​

Answers

The elements in the chain of distribution depends on each other to the production process to be complete.

What is a chain of distribution?

A chain of distribution simply means the distribution channel from the manufacturer till the goods get to the consumers.

The elements in the chain of distribution depends on each other to the production process to be complete and the goods to reach the consumers.

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The definition of ______ ______ states: highest level of management, consisting of the president and other key company executives who develop strategic plans

Answers

The definition of supervisory management states the highest level of management, consisting of the president and other key company executives who develop strategic plans.

What is supervisory management?

Supervisors, within the context of business management, are those who keep an eye on the strategic direction of the company.

They are not bogged down with the operations or day-to-day activities of the company. Hence, the reason why they are called supervisory management.

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PLS HELP!!!!!!
You are interested in a career in drone operation and find the
Occupational Outlook Handbook. What Information would you find on this website?
Descriptions of the daily tasks of a drone operator
Information about current job openings in your area
Contact Information for places you can job shadow
Scholarship applications to cover the cost of college tuition

Answers

Answer:
Description of work, Work environments, Pay, Education needed, Qualification needed are the correct options.
Explanation:
Occupational Outlook Handbook provides information on various occupations that provide the majority of jobs in the US. It describes various occupational profiles, the pay, training, and qualification required for various jobs. Handbook makes comparing occupations much easier. It is published biennially by the US Department of Labor's Bureau and is free of charge. Since it is not protected by the copyright act, publishers can use it and modify it as per their needs. It was first published in 1948.

Identify two of Tumi Manufacturers complies with the

Answers

Two of the laws that Tumi manufacturers comply with are

Labor lawsEnvironmental laws.

What is corporate social responsibility

This is the responsibility of an organization to the the area where they operate.

The manufacturers have to comply with the labor and the employment laws that have been set in the country that they operate.

Also one of their corporate responsibilities is to ensure safe practices that are safe and not harmful of our environment.

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Special interest groups and regulatory bodies are ____ forces that must be taken into account in international marketing.

Answers

It can be deduced that special interest groups and regulatory bodies are political and legal bogies.

What are special interest groups?

It should be noted that a special interest groups simply means a group of people that's have same aim and concerns in an attempt to influence the government.

In this case, the special interest groups and regulatory bodies are political and legal forces that must be taken into account in international marketing.

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The monopolist's level of output is not at the minimum point of ______, meaning it will not be productively efficient.

Answers

When a monopolist's level of output is not at the minimum point of average total cost, this means it will not be productively efficient.

What is an average total cost?

An average total cost refers to a cost derived from total fixed and variable costs divided by total units produced.

In conclusion, this cost is used to evaluate how the total per-unit cost change as a result of output

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____________ is not an example of unethical customer-contact behavior. A. Creating a need for service B. Performing unnecessary services C. Sharing customer information with third parties D. Giving away a guaranteed reservation

Answers

Answer:

d

Explanation:

Wrigley’s offers grapefruit-, cucumber-, and tea-flavored chewing gum in china, which is an example of a ________ global marketing strategy.

Answers

Answer:

product adaptation

Businesses provide help to the communities they are in by helping to provide , services, and jobs.

Answers

Businesses provide help to the communities they are in by helping to provide goods , services, and jobs.

What is Business?

Business can be defined as the process trading or buying and selling so as to make money or to make profit.

A communities that has different type of businesses situated their by people tends to enjoy some benefit as it can tend to lead to job creation for unemployed people living in the community and it as well provide goods and services for them.

Inconclusion Businesses provide help to the communities they are in by helping to provide goods , services, and jobs.

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What impact does interest have on the cost of the purchases you make when using credit?
A. Interest can cause the overall cost of your purchases to increase.
B. Interest has no impact because most credit cards do not charge interest.
C. Interest can cause the overall cost of your purchase to decrease.
D. Interest has no impact because it is separate from the actual purchase prices.

Answers

The impact does interest have on the cost of the purchases you make when using credit are interest can cause the overall cost of your purchases to increase. Thus, option (a) is correct.

What is interest?

Someone borrows money during a hard time, they are paying additional amount, which is an interest. In monetary terms, interest is a yearly percentage of the loan amount. Different categories, including simple interest, compound interest, and annual interest, are used to categorize the loan.

The interest is low, consumer can easily borrow money. A consumer pay more interest on actual cost. The cost of money is low but add interest percentage is monthly increases. The bank will pay more interest on deposits saving.

Therefore, option (a) is correct.

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