Since an error in the period-end inventory causes an offsetting error in the next period:Managers can ignore the error.It is said to be self-correcting.It affects only income statement accounts.If affects only balance sheet accounts.Is immaterial for managerial decision making.
Answers
Since an error in the period-end inventory causes an offsetting error in the next period: It is said to be self-correcting.
An error in the period-end inventory can indeed cause an offsetting error in the next period, but it would not be wise for managers to simply ignore this error. While it is true that the error can sometimes be self-correcting, this is not always the case, and it is important for managers to take corrective action when necessary.
Furthermore, an error in period-end inventory can affect both income statement and balance sheet accounts, depending on the type of error. For example, if inventory is overstated, this would lead to an understatement of cost of goods sold on the income statement and an overstatement of inventory on the balance sheet.
While some errors may be immaterial for managerial decision making, it is still important for managers to ensure that their financial statements are accurate and free of material errors. Material errors can lead to misleading financial statements, which can in turn harm the company's reputation and lead to regulatory penalties.
In conclusion, while some errors in period-end inventory may be self-correcting or immaterial, it is still important for managers to take corrective action when necessary and ensure that their financial statements are accurate and free of material errors.
Know more about error here:
https://brainly.com/question/17112688
#SPJ11
Related Questions
Which of the following is not one of the benefits of using electronic slides as a visual aid
Answers
Answer:
B. It is difficult to record points made during a meeting on an electronic slide.
Logo and website design are
examples of start-up costs.
Answers
True: Logo and website design are examples of start-up costs. Operating costs include payroll. Building improvements should be calculated into start-up costs.
Methods of evaluating the
performance and productivity of an
individual or group in relation to
predetermined criteria and
measurable goals are
measurable goals
Answers
Answer:
True
Explanation:
Methods of evaluating the performance and productivity of an individual or group in relation to predetermined criteria and measurable goals are performance assessments.
If you do not complete high school, you are typically paid more than those who pursue post-secondary education Please select the best answer from the choices provided T F
Answers
Answer:
false
Explanation:
Post-secondary education refers to an education that goes beyond high school.
Answer:
false
Explanation:
Advantages of using social media for a business (in terms of customer service)
Answers
P.s. if it’s a case study, make sure to apply :)
someone help me. i have no clue oml
Answers
Answer:
Get a dice and roll it.
Explanation:
the following items are not included in dependency total support test except: select one: a. fair rental value b. life insurance premiums c. funeral expenses d. state income tax e. none of these f. all of these
Answers
The following items are not included in dependency total support test except Fair rental value.
What is insurance for fair rental value?The fair rental value coverage, also known as fair rental value insurance, is a type of coverage that is included in landlord insurance policies. The protection provided by the fair rental value insurance policy, also known as fair rental value coverage, is essentially intended to help recover lost rent payments.
The monthly rent you might anticipate from tenants is known as fair market rent (FMR), sometimes known as fair market rental value. Rents change in line with market pricing as well as supply and demand, just like real estate values.
To know more about fair rental value, refer:
https://brainly.com/question/30048532
#SPJ4
1. what will happen to aggregate demand, real output, and price level if there is a decrease in personal income taxes and a decrease in the discount rate?
Answers
A general rule is that aggregate demand rises as family wealth does. In contrast, a drop in wealth typically results in a decrease in aggregate demand.
Consumers have a tendency to spend more and save less when they are optimistic about the economy. Expectations for inflation When consumers expect that prices or inflation will rise, they often act quickly to make purchases, which increases collective demand. However, aggregate demand usually declines if consumers think prices will go down in the future. Exchange Rates for Currencies Foreign products will cost more when the value of the dollar declines. In the meantime, American-made products will become more affordable for export. As a result, aggregate demand will rise. Foreign goods are less expensive and American products are more expensive to foreigners when the value of the dollar rises.
Learn more about aggregate here:
https://brainly.com/question/31191847
#SPJ4
A distribution of scores has µ = 40 and σ = 18.
a. Describe the distribution of sample means based on samples of n = 36 selected from this population.
b. Of all the possible samples of n = 36, what proportion will have sample means greater than 43?
c. Of all the possible samples of n = 36, what proportion will have sample means less than 34?
Answers
a. In a population with a mean (µ) of 40 and standard deviation (σ) of 18, the distribution of sample means for samples of size n=36 will have a mean equal to the population mean (40) and a standard deviation, known as the standard error, equal to the population standard deviation divided by the square root of the sample size (18/√36 = 3).
b & c. To determine the proportion of sample means greater than 43 and less than 34, we utilize the concept of z-scores. A z-score represents how many standard deviations an element is from the mean.
In this scenario, z-scores are calculated for 43 and 34 using the formula z = (X - µ) / σ, where X is the sample mean, µ is the population mean, and σ is the standard error. The resulting z-scores are then used to find the desired proportions from the standard normal distribution table.
Learn more about standard deviation here:
https://brainly.com/question/13498201
#SPJ11
According to the video, which employer hires most career Firefighters?
city and country fire departments
chemical and manufacturing plants
airports
agencies that fight forest fires
Answers
The first choice, which refers to both city and rural fire departments, is correct.
What do firefighters contribute to society?A firefighter is a first officer on the scene and rescuer who has received extensive training in firefighting. Their main duty is to put out dangerous fires that endanger men's careers, their property, and the environment.They may also be required to protect the life of livestock in specific circumstances or jurisdictions.. A female firefighter is less commonly referred to as a firewoman than a male firefighter.
One of the three basic emergency responders is the fire service, typically known as the fire dept or fire department in multiple countries. There are now firefighters everywhere in the world, both on ships and in cities..
Throughout a firefighter's career, the skills necessary for safe operations are routinely practised throughout training evaluations. Introductory firefighting techniques are typically taught in fire academies or training programmes that have received municipal, regional, or state approval. Further knowledge and credentials in fields like technical rescue and pre-hospital medicine may also be obtained at this time, depending on the demands of a department.
To learn more about fire fighters visit:
https://brainly.com/question/29193722
#SPJ1
Answer:
city and country fire departments
The bond has a coupon rate of 5.57 percent, it makes semiannual payments, and there are 5 months to the next coupon payment. The bond has a clean price of $923 and the par value is $1,000. What is the invoice price?
Answers
If the bond has a clean price of $923 and the par value is $1,000. is the invoice price is $946.21.
How to find then invoice price?First step is to find the accrued interest
Accrued interest = ($1,000 × 5.57%) × 5/6
Accrued interest= $55.7/2 x5/6
Accrued interest= $23.21
Now let find the dirty price using this formula
Dirty price = clean price + accrued interest
dirty price = $923+ $23.21
dirty price = $946.21
Therefore the invoice price is the amount of $946.21.
Learn more about invoice price here: https://brainly.com/question/24158459
#SPJ1
I am stuck on this question can someone help?
Answers
Answer:
college-sociologist, hairstylist, biomedical engineer
vocational certification- tour guide, childcare director, museum personnel
Explanation:
Jose Garcia agrees to contribute land with a fair market value of $10,000 in exchange for 200 shares of Damian Inc.'s common stock with a par value of $10 per share. The journal entry to record this transaction in the books of Damian, Inc., will include a credit to?
Answers
Answer:
Paid-in Capital in Excess of Par $8,000
Explanation:
Based on the information given we were told that Garcia contribute land that has a fair market value of the amount of $10,000 which was exchange for 200 shares of the common stock of Damiann Inc.'s that has a par value of $10 per share which means that the journal entry to record the transaction in the books of Damian, Inc., will include a credit to Paid-in Capital in Excess of Par $8,000 calculated as:
Fair market value $10,000
Less common stock $2,000
(200 shares *$10 per share)
Paid-in Capital in Excess of Par $8,000
A big crowd is watching a football game. Suddenly, everyone jumps to their feet and starts cheering. The home team scored a touchdown. They are now in the lead. What is the stimulus in this scenario?
A) They are now in the lead.
B) The home team scored a touchdown.
C) A big crowd is watching the game.
D) Suddenly, everyone jumps to their feet and starts cheering.
Answers
B)
Explanation:
the definition of stimulus is something that causes a reaction so b is the only one that makes sense
Copy the sample kitchen budget worksheet to the current workbook
Answers
The total section will automatically calculate the sum of the planned budget and actual expenses.I can provide you with a general template for a kitchen budget worksheet that you can create in your current workbook.
Here's a sample format:
Kitchen Budget Worksheet:
Category Planned Budget Actual Expenses
Groceries [Enter amount] [Enter amount]
Dining Out [Enter amount] [Enter amount]
Kitchen Supplies [Enter amount] [Enter amount]
Appliances [Enter amount] [Enter amount]
Utilities [Enter amount] [Enter amount]
Repairs and Maintenance [Enter amount] [Enter amount]
Miscellaneous [Enter amount] [Enter amount]
Total [Sum of planned budget] [Sum of actual expenses]
In this worksheet, you can enter the planned budgeted amounts for each category and update the actual expenses as you make purchases or incur costs.
For more such questions on budget
https://brainly.com/question/24940564
#SPJ8
deflation in commercial real estate began sporadically in the:
Answers
Deflation in commercial real estate began sporadically in the early 2000s, with the dot-com bubble burst causing a decline in office space demand.
This was followed by the global financial crisis in 2008, which led to a widespread deflation in the commercial real estate market. The decline in property values was felt across all sectors of the commercial real estate market, including office, retail, and industrial properties. During the financial crisis, many businesses were forced to downsize or close their doors altogether, leading to an excess supply of commercial real estate space. This, in turn, led to a decline in property values and rental rates. The deflationary period lasted for several years, with some areas experiencing more severe declines than others.
In response to the deflationary period, many commercial real estate investors turned to alternative investments, such as real estate investment trusts (REITs) or foreign real estate markets. While the commercial real estate market has since recovered from the financial crisis, sporadic deflationary periods may still occur as the market responds to changes in demand and economic conditions. Deflation in commercial real estate began sporadically in the early 1990s. During this period, economic factors such as recession and increased interest rates led to a decrease in property values, affecting commercial real estate investments. As a result, demand for commercial properties declined, and the market experienced sporadic instances of deflation.
To learn more about Deflation:
https://brainly.com/question/16224635
#SPJ11
Deflation in commercial real estate is a phenomenon that occurs when the value of the property decreases over time, leading to a decline in prices. This can happen for a variety of reasons, including economic recessions, oversupply of properties, or changes in market demand.
When deflation occurs, the value of commercial real estate assets may fall, which can have a significant impact on property owners, investors, and the wider economy. Deflation in commercial real estate began sporadically in the early 2000s, with some markets experiencing declines in property values due to overbuilding and oversupply. The global financial crisis of 2008 also contributed to deflation in the commercial real estate sector, with many properties losing significant value and becoming difficult to sell. More recently, the COVID-19 pandemic has caused further disruptions in the commercial real estate market, with many businesses struggling to pay rent and occupancy rates declining.
To know more about economic recessions
https://brainly.com/question/30091003
#SPJ11
under current tax laws, a person may give any other person up to $15,000 per year in cash or other assets, and neither the giver nor the recipient of the gift has any tax liability for it. quizlet
Answers
Under current tax laws, a person may give any other person up to $15,000 per year in cash or other assets without incurring any tax liability for either the giver or the recipient. This is known as the annual gift tax exclusion.
To further explain, the annual gift tax exclusion allows individuals to make gifts of up to $15,000 per recipient per year without having to report the gifts or pay any gift tax. This means that if you give someone a gift worth $15,000 or less in a year, neither you nor the recipient will owe any taxes on that gift.
It's important to note that this exclusion is per person, so if you want to give more than $15,000 to an individual in a single year, you may need to report the gift to the IRS and potentially pay gift tax on the amount exceeding the annual exclusion. However, most individuals will not need to worry about gift taxes unless they are making extremely large gifts or have already reached the lifetime gift tax exemption limit, which is currently set at $11.7 million (as of 2021).
Know more about annual gift tax exclusion, here:
https://brainly.com/question/31318920
#SPJ11
after the row and column reductions, what is the resulting entry in the new table for assigning resource 4 to job D?
0 hours
2 hours
3 hours
6 hours
9 hours
Answers
After performing the row and column reductions, In linear programming the resulting entry in the new table for assigning resource 4 to job D would be 6 hours. The correct answer is 6 hours.
To explain this, we first need to understand the process of row and column reductions. In linear programming, row and column reductions are used to find the optimal solution for a given problem. In this case, we are dealing with a resource allocation problem where we need to assign different resources to different jobs.
In the initial table, we have four resources (1, 2, 3, 4) and four jobs (A, B, C, D). Each cell in the table represents the amount of time required to complete a job using a particular resource. To find the optimal solution, we need to perform row and column reductions to eliminate any redundancies and determine the minimum cost.
After performing the row and column reductions, we are left with a new table that shows the optimal allocation of resources to jobs. In this case, the resulting entry for assigning resource 4 to job D is 6 hours.
This means that in order to complete job D, we need to allocate resource 4 for 6 hours. This solution is optimal because it minimizes the total time required to complete all the jobs while also satisfying the constraints of the problem.
Overall, row and column reductions are an important tool in linear programming that help us find the optimal solution to resource allocation problems. By understanding how to perform these reductions, we can effectively allocate resources and minimize costs.
To learn more about linear programming here:
https://brainly.com/question/14309521#
#SPJ11
Which of the following is a disadvantage to Linux?
Olearning curve
O customizability
O cost
Ofreedom
Answers
Answer:
Learning curve
Explanation:
What isa premises account
Answers
Answer:
A current asset is any asset that will provide an economic value for or within one year. Premises, or the property where business is done, is a part of the property, plants, and equipment, or PP&E, account. All PP&E has a useful life longer than one year, premises included, so it is considered a non-current asset.
Hope it helps. pa brainliest pa follow nadin tysm gomo
How does a command economy differ from a mixed market economy? 1. In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights. 2. In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights. 3. In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property. 4. In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property
Answers
Answer: In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights. A command economy is one in which the government has almost complete control of property, businesses, and the economy in general.
Explanation:
1.(Sunk Cost and Choice) Suppose you go to a restaurant and buy an expensive meal. Halfway through, despite feeling quite full, you decide to clean your plate. After all, you think, you paid for the meal, so you are going to eat all of it. What is wrong with this thinking?
Answers
Answer:
Sunk cost. The individual is still considering sunk cost in making future decisions
Explanation:
Sunk cost is cost that has already been incurred and cannot be recovered. It should not be considered in making future decisions.
In this question, the money paid for the meal is the sunk cost and it shouldn't be considered in making the decision of whether to continue the meal or not to.
I hope my answer helps you
Which of the following is not a basic consumer right?
O The right to safety
O The right to be informed
O The right to a refund
The right to a healthy environment
Answers
Answer:
C
the right to be refunded
Explanation:
The correct option is, (C) The right to a refund.
Which of the following is a basic right of a consumer?The bill stated that every person has four basic consumer rights.The right to be informed, the right to choose, the right to safety, and the right to be heard.Which of the following is not a consumer right?The right to false information is not the right of consumers.
What are the 5 rights of a consumer explain?Consumer protections such as consumer rights push companies to create goods and services that are advantageous and secure for customers. The safety, information, choice, voice, and remedy are the five main consumer rights that we will identify and discuss in this session.Do consumers have the right to safety?Customers have the right to anticipate being protected from risky goods and services they purchase from the market, especially if they are used correctly for their intended purpose. The sale and distribution of hazardous products and services are prohibited, protecting consumers.Hence, The right to a refund is not a basic consumer right.
Learn more about consumer right here:
https://brainly.com/question/19681204
#SPJ2
The GUI is an index used by the OS to manage computer files,
O False
O True
Answers
Answer: I think it's true
During and after a snowstorm, there will be both route and schedule changes for
the hospital employee bus. The bus will run 15 minutes early, so in the first stops
(at Artesian and Riverdale), the bus will be approximately 10 minutes early. These
stops are on a hillside, so please wait at the top of the hill, so that the driver can
stop safely. When the driver approaches, step back from the curb. The driver will
stop away from the snowdrifts on the side of the road, so next check for traffic,
walk carefully to the bus, and board from the street. Once on the bus please
proceed quickly as far back as possible so we do not block traffic. The bus will not
stop at Bellevue Square or the Stadium. Employees usually boarding at those
places will be picked up at the Eastdale Mall stop, which will be approximately 5
minutes early. The final stops, at Robinson and Clark, will be about 5 minutes
behind schedule. Ice storms may cause the shuttle service to be canceled for a
period of time. Listen to your local radio station after an ice storm. When
cancelations occur, you will receive an email announcement, and it will also be
announced on the local radio station.
Answers
The TTC has established a plan to ensure bus, streetcar, subway and Wheel-Trans service is maintained during a significant snow storm.
What is a snow storm?When wind and specific types of precipitation—such as snow, mixed snow and rain, or freezing rain—occur simultaneously at below-freezing temperatures, the phenomenon is referred to as a winter storm.
These storms can happen at any time of year in temperate continental areas, not just in the winter. They can also happen in the late autumn and early spring.
Blizzards are defined as snowstorms with high winds and other conditions that meet specific requirements. Storms that produce significant snowfall are called snowstorms.
Traffic and school transportation can be severely disrupted by just 2 inches of snow. This is especially true in areas where huge accumulating snowfalls can happen but snowstorm is not usually common.
Learn more about snow storm, here
https://brainly.com/question/29697260
#SPJ1
Item 2
Which of the following is NOT an example of a servant?
A graphic designer in a marketing firm
A manager in a paint store
A chef in a restaurant
A real estate broker who is hired to sell land
Answers
A real estate broker hired to sell land does not correspond to an example of a servant, who is a professional assigned to perform functions for the employer.
What are the functions of a broker?They are licensed professionals who have the essential training requirements to provide real estate service, and can work independently or with the hiring of other professionals for the job.
Therefore, the real estate broker is a professional capable of working independently, but must be licensed and comply with the code of ethics of the National Association of Realtors.
Find out more about real estate broker here:
https://brainly.com/question/27205834
#SPJ1
Careers emerging to improve environmental conditions include:
sanitary engineer
red physician
environmental geologist
green architect
Answers
Answer: The answer is green architect & environmental geologist.
Explanation:
Answer:
green architect and environmental geologist
Explanation:
how
has covid 19 affect sickle cell with hospital financial
strain
Answers
The financial strain caused by the COVID-19 pandemic has had an impact on the management and treatment of sickle cell disease in hospitals.
Hospitals have faced resource constraints, including limited staff, equipment, and funding, which can affect the quality and accessibility of care for individuals with sickle cell disease. This may lead to challenges in providing timely and comprehensive treatment, monitoring, and support services for patients with sickle cell disease, potentially impacting their overall health outcomes. The financial strain on hospitals has highlighted the need for continued investment and support in healthcare systems to ensure the provision of adequate care for individuals with chronic conditions like sickle cell disease.
learn more about:- financial strain here
https://brainly.com/question/28270733
#SPJ11
What is the future value at the end of year 3 of the following set of cash flows if the interest rate is 8% ? (the cash flows occur at the end of each period) (round answer to nearest penny and enter in the following format 12345.67) Year 0 cash flow =−1600 a negative cash flow Year 1 cash flow =1100 Year 2 cash flow =1500 Year 3 cash flow =1600 Answer:
Answers
The future value at the end of year 3 of the given cash flows, with an interest rate of 8%, is $4,328.79.
To calculate the future value of the cash flows, we can use the formula for compound interest. The formula for calculating the future value (FV) of a set of cash flows is:
FV = CF1 * (1 + r)^n1 + CF2 * (1 + r)^n2 + CF3 * (1 + r)^n3 + CF4 * (1 + r)^n4
where CF represents the cash flow, r is the interest rate, and n represents the respective periods.
Given the cash flows and interest rate, we can plug in the values and calculate the future value:
FV = -1600 * (1 + 0.08)^0 + 1100 * (1 + 0.08)^1 + 1500 * (1 + 0.08)^2 + 1600 * (1 + 0.08)^3
Simplifying the calculation:
FV = -1600 * 1 + 1100 * 1.08 + 1500 * 1.1664 + 1600 * 1.2597
= -1600 + 1188 + 1749.6 + 2015.52
= 4352.12
Rounding the answer to the nearest penny, the future value at the end of year 3 is $4,328.79.
The future value of the given set of cash flows at the end of year 3, with an interest rate of 8%, is $4,328.79. This value represents the total accumulation of the cash flows taking into account the compounding effect of the interest rate over the three-year period.
To know more about future value follow the link:
https://brainly.com/question/20813161
#SPJ11
grade 10 business studies project
Answers
PROJECT 1. Nature and Significance of Management
PROJECT 2 - Principles of Management
PROJECT3 - Business Environment
PROJECT 4 - Planning
PROJECT 5 - Organising
PROJECT 6 - Staffing
PROJECT 7 - Directing
PROJECT 8 - Controlling
PROJECT 9 - Financial Management
PROJECT 10 - Financial Markets
PROJECT 11 - Marketing
Learn more about business studies here:-https://brainly.com/question/1276995
#SPJ9