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fgiga [73]
2 years ago
15

For a recent period, the balance sheet for Save-A-Lot Corporation reported accrued expenses of $520,543. For the same period, Sa

ve-A-Lot reported income before income taxes of $169,176. Assume that the adjusting entry for $520,543 of accrued expenses was not recorded at the end of the current period What would have been the income (loss) before income taxes
Business
1 answer:
Leto [7]2 years ago
8 0

As the adjusting entry of accrued expenses was not recorded, the Income (Loss) before income taxes is $689,719.

<h3>What is a balance sheet?</h3>

A balance sheet refers to the summary of the financial balances of an individual or organization.

As the adjusting entry for accrued expenses was not recorded at the end of the current period that means the profit will be inflated at the end of the current period. The income before income taxes is $689,719 ($520,543 + $169,176).

Learn more about the balance sheet here:

brainly.com/question/26323001

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A lot of points
Pie

Answer:

The answer is C

Explanation:

6 0
3 years ago
The Depression transformed and shattered the expectations of the ""American way of life."" Which are examples of the new reality
Ipatiy [6.2K]

Answer:

Followings are the example of new reality of American life during the Depression or war year is given below in the explanation part

Explanation:

The example is given below:

  • Millions of American people made slum areas over the America in free land and fields because they lost their homes
  • country people tried to find jobs in other countries, they did not find the job there.
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Depression completely changed the way of Americans live

7 0
3 years ago
The level of inventory of a manufactured product has increased by 8,000 units during a period. The following data are also avail
LiRa [457]

Answer:

There will be a difference in the income .

Absorption costing income will be lower as it transfers all the fixed costs to the ending inventory.

Variable costing income will be higher as it does not transfer  the fixed costs to the ending inventory.

The difference will be  of $ 104000

Explanation:

Increase in units 8000                                                              

                                                              Variable       Fixed

Unit manufacturing costs of the period $24.00 $10.00

Unit operating expenses of the period    8.00       3.00

Total Unit Costs                                       $ 32.00    $ 13.00

The net operating income under variable costing for the year will be $ 13* 8000= $ 104000 Lower than the net operating income under  absorption costing.  This is because the all fixed costs will be treated as period cost rather than product costs.

In variable costing the ending inventory will be $104000 lower than the ending inventory under absorption costing  because the fixed costs will not be allocated to products.

Under variable costing, the units in the ending inventory will be costed at $32 each.Under absorption costing, the units in the ending inventory will be costed at $32+ $ 13= $ 45 each.

7 0
3 years ago
Spencer Enterprises is attempting to choose among a series of new investment alternatives. The potential investment alternatives
fomenos

Answer:

Assume: only one of the ware house expansion projects can be implemented and suppose that, if test marketing of the new product is carried out, the advertising campaign also must be conducted and vice versa. Also suppose that the purchase of new equipment cannot be undertaken unless the basic research or the extensive warehouse expansion are implemented.

Formulate the corresponding model for maximizing the net present value subject to the restrictions stated above

Yi (1 if investment alternative is selected, o otherwise)

i = 1, 2, 3, 4, 5, 6

Max Z = $4,000y1 + 6,000y2 + 10,500y3 + 4,000y4 + 8,000y5 + 3,000y6

∴ NPV = 17,500

4 0
3 years ago
Camille, a buyer, wants to change the price already agreed to in a sales contract. what document should she use?
e-lub [12.9K]

She should use <u>a </u><u>New contract</u>.

A contract is a legally enforceable agreement that establishes, defines, and controls the mutual rights and obligations between parties. Contracts typically include the transfer of goods, services, money, or promises to transfer at a future date.

In the event of a breach of contract, victims are entitled to legal remedies, including damages and withdrawal. Contract law, the field of law of obligations dealing with contracts, is based on the principle that agreements must be honored.

learn more about contracts here.   brainly.com/question/984979

#SPJ4

6 0
2 years ago
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