Answer:
Assets will be overstated and Net Income understated
Explanation:
The effect on the balance sheet and income statement
<u>Balance Sheet :</u>
Inventory will be overstated
Inventory belongs to the Current Asset group
Meaning Assets will be overstated
<u>Income Statement :</u>
Inventory will be overstated
This reduces cost of sales with an amount greater
Meaning Profits will be overstated
Conclusion
The effect on the balance sheet and income statement would be : Assets will be overstated and Net Income understated.
Answer:
Copyright, a form of intellectual property law, protects original works of authorship including literary, dramatic, musical, and artistic works, such as poetry, novels, movies, songs, computer software, and architecture.
No stated time limit has been given if the firm had not filed an amended U-5.
<h3>What is the time limit to be followed for filing form U-5?</h3>
Form U5 must be filed within thirty days of the date of the termination event, and it requires a firm to provide accurate answers to various questions, including the reason for an associated person's termination of their registration.
Form U5 is the Uniform Termination Notice for Securities Industry Registration which includes the Broker-dealers, funding advisers, or issuers of securities who ought to use this form to terminate the registration of a person in the best jurisdictions.
Hence, no stated time limit has been given if the firm had not filed an amended U-5.
Learn more about Form U5:
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Answer:
A) focused niche strategy
Explanation:
A niche is a specific section of a market. In this case, the specific section of the market is female viewers.
Lifetime Television has found that tailoring its products to a specific niche (female viewers) is a good strategy. They have decided to do so instead of trying to attract a larger section of ther market (for example, they could be a channel that appeals to both men and women, but they have chosen not to do so).
Answer:
c. wages and prices are often inflexible in the downward direction
Explanation:
While the prices of the products can decrease in a recession when there is a decrease in demand there is an excess in the supply, therefore, the price decreases but, in real life that doesn't occur people prefer not to work rather than going to work for a lesser amount most of the times. The same goes for some prices under which the producer or manufacture firm does not reduce the price.
