Answer:
See below
Explanation:
a. Operating income statement for the year ended December 31, 2019
Net sales $645,000
Less: Cost of goods sold ($367,650)
Gross profit $277,350
Less: Expenses
Selling, general, administrative expenses ($142,100)
Other selling expenses ($14,600)
Advertising expense ($47,600)
Operating income $73,050
b.
Operating income $73,050
Less:
Income tax expense ($25,568)
Income from continuing operations before taxes $47,482
Loss from discontinued operations, net of savings $38,133 ($14,400)
Net income $33,082
Answer:
c. A $2,250 debit to Rent Expense in a journal entry is incorrectly posted to the ledger as a $2,250 credit, leaving the Rent Expense account with a $3,000 debit balance.
Explanation:
The above action is the only valid option that explains the variance between the sides of the trial balance because if an item meant for one side (debit) is erroneously posted to the other side (credit), the resultant effect will be double the amount posted. This happens because not only is the amount missing from one side but it has been erroneously added to the other side.
Hence, since rent expense which has a debit balance was not debited to the tune of 2,250 and was again incorrectly posted as a credit, it will have an impact double its amount on the trial balance, which is 2250*2; $4500
What does a hanging indent look like? The first line of your reference citation will line up with the left margin and each line after will be indented one-half inch from the left margin. It basically is opposite of a normal paragraph where you indent the first line.
Question Completion:
Consider the clustered bar chart of the dashboard developed to monitor the performance of a call center: Houston Email Internet Software Dallas Austin 0 5 20 25 10 15 Number of Calls This chart allows the IT manager to
O a. identify the percent of customers who do not have one of the listed problems.
O b. identify the frequency of a particular type of problem by location.
O c. identify which city contains the most customers.
O d. identify how often a problem is related to hardware.
Answer:
Consider the attached clustered bar chart of the dashboard developed to monitor the performance of a call center. This chart allows the IT manager to _____.
O b. identify the frequency of a particular type of problem by location.
Explanation:
The clustered bar chart attached to the report shows the call volume in the call center by type of problem (Email, Internet, or Software) for each of three cities in Texas. By viewing this clustered bar chart, the IT manager will be able to graphically and quickly identify if there is a particular type of problem by location. This bar chart is much easier to read and interpret than a text report. This is the major advantage of using graphs to represent written texts.
