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3 years ago

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Business

1 answer:

Triss [41]3 years ago

6 0

Accounting error are errors committed in accounting, which are not intentional.

<h3>What is accounting error?</h3>

These are unintentional errors committed in accounting, which are often corrected when spotted.

Matching each definition to each example is shown below:

Ethan records $1,000 as a rent expense; however, the actual rent paid was $1,500 Original entry
Ethan records stationery expenses as $251, but it should have been $215 Transposition
Ethan records salaries of $5,000 as credits instead of debits. Reversal of entries
Ethan made a subtraction error while analyzing the profit on the sale of an asset. Calculation
Ethan completely overlooked stationery expenses of $115. Omission

Learn more about accounting errors here : brainly.com/question/25671660

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How changes in suppliers affect retail business industry?

Bumek [7]

Explanation:

even if the goods are not famous or product which is not good quality then the production gets stoped.

8 0

2 years ago

On January 1, 2021, Tru Fashions Corporation awarded restricted stock units (RSUS) representing 5 million of its $1 par common s

o-na [289]

Answer:

1.$45 million

2. No journal entry required

3. Dr Compensation expense $15 million

Cr paid in capital - restricted stock $15 million

4. Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

5. Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

6. Dr Paid in capital - restricted stock $45 million

Cr Common stock $5 million

Cr Paid in capital - excess of par $40 million

Explanation:

1. Calculation to Determine the total compensation cost pertaining to the RSUs.

Total compensation cost pertaining to the RSUs

=$9.00 fair value per share × 5 million shares represented by RSUs granted

Total compensation cost pertaining to the RSUs=$45 million

Therefore the total compensation cost pertaining to the RSUs will be $45 million

2. Preparation of the appropriate journal entry to record the award of RSL's on January 1, 2021.

No Journal entry required

3. Preparation of the appropriate journal entry to record compensation expense on December 31, 2021.

Dr Compensation expense $15 million

($45 million/3 years )

Cr Paid in capital - restricted stock $15 million

4. Preparation of the appropriate journal entry to record compensation expense on December 31, 2022.

Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

($45 million/3 years )

5. Preparation of the appropriate journal entry to record compensation expense on December 31, 2023.

Dr Compensation expense $15 million

Cr Paid in capital - restricted stock $15 million

($45 million/3 years )

6. Preparation of the appropriate journal entry to record the lifting of restrictions on the RSUs and issuing shares at December 31, 2023.

Dr Paid in capital - restricted stock $45 million

Cr Common stock $5 million

Cr Paid in capital - excess of par $40 million

($45 million-$5 million)

6 0

3 years ago

Describe the challenges and opportunities of globalization in a ""flattened"" world.

Ksju [112]

Answer:

The meaning of a 'flattened' world is that ,globalization, which can be described as inventions and various developments in the technology world , has created a level playing ground, where countries considered as small or minors are now competing with the super-power ones.

Explanation:

The major challenge of this is that , the rate competition has increased between countries that have great impacts on the resource area of businesses.

And the opportunities are that, new jobs are created or available especially in the information systems and other jobs or occupations involving services.

Finding better suppliers and at a better price has also been considered as a big benefit because now there were more places to choose from globally.

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3 years ago

Read 2 more answers

A friend, explaining his position with respect to liability insurance states, "I don't feel I need the high limits of liability

Butoxors [25]

Answer:

I agree with him since liability insurance covers the policy holder against legal claims (law suits) due to personal injuries or damages caused to other people or their properties.

Generally people or businesses exposed to higher risks are covered by policies with high amounts, e.g. a manufacturer of any type of product (or really any type of business, even services), a doctor or more commonly anyone who has a car.

Since this is a homeowners policy, then a low limit should be sufficient. Just think a¿bout it, how can your house damage someone else? Maybe a neighbor or someone else visiting you slips and suffers an injury, but the possibility of the harm being serious is very low. If this included a car insurance policy, then you could request a higher amount, but not for a house.

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3 years ago

When gregg steiner became the vice president for cleveland-based pinxav, he knew the diaper-rash product manufacturer's sales we

PolarNik [594]

This new guarantee was an example of "organizational innovation ".

Organisational innovation implies the execution of another hierarchical technique in the endeavor's business hones, work environment association or outside relations. Changes in business hones, working environment association or outside relations that depend on authoritative strategies as of now being used in the endeavor, changes in administration procedure, mergers and acquisitions, stopping to utilize a procedure, basic capital substitution or augmentation, changes coming about simply from changes in factor costs, customization, customary occasional and other repetitive changes, exchanging of new or altogether enhanced items are not thought about innovations.

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4 years ago