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2 years ago

The failure to properly record an adjusting entry to accrue an expense will result in an:

1 answer:

5 0

The failure to properly record an adjusting entry to accrue an expense will result in an understatement of expenses and an understatement of liabilities. This is further explained below.

<h3>What are expenses?</h3>

Generally, expenses are simply defined as what it would take or what it would cost to do anything.

In conclusion, Incorrectly recording an accrual adjustment entry will result in a misstatement of both costs and liabilities.

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7) Suppose the real exchange rate is 10, the domestic price level is 8, and the foreign price level is 4. (a) What is the nomina

konstantin123 [22]

Answer and Explanation:

The computation is shown below:

1. Nominal exchange rate is

= (Real exchange rate) × (foreign price level ÷ domestic price level)

= 10 × (4 ÷ 8)

= 5

2. Change in Nominal exchange rate is

Change in Nominal exchange rate = (real exchange rate change ) + foreign inflation - domestic inflation

= 10 + 4 - 6

= 8%

3.) foreign inflation rate

= Change in Nominal exchange rate - real exchange rate change + domestic inflation

= 5 - 8 + 3

= 0%

We simply applied the above formulas

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3 years ago

S&L Computer services has separate divisions to focus on the needs of individual consumers, small businesses, and large busi

prisoha [69]

Answer:

Letter c is correct. <u>Customer.</u>

Explanation:

Departmentalization by customer is a type<u> of grouping that divides organizational activities so that they are effective in meeting and directing organizational strategies to a type of audience that has similar characteristics</u>, such as age, gender, preferences, and income. Each unit has customized characteristics and sales method so that the customer group has a positive perception about the organization and its requirements and needs are properly met.

3 0

3 years ago

The foreign exchange department of Bank of America has a bid quote on Canadian dollars (C$) of C$1.1448/$. If the bank typically

stealth61 [152]

Based on the bid quote given on the Canadian dollar, and the bid-ask spread, the ask rate would be $1.15.

When given the bid-ask spread and the bid quote, the ask rate is:

= Bid quote x ( 1 + bid-ask spread)

Solving gives:

= 1.1448 x (1 + 0.5%)

= 1.1448 x 1.005

= 1.150524

= $1.15 2 d.p.

Find out more on the ask rate at brainly.com/question/13185509.

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6 0

2 years ago

American leaders in the early United States wanted to establish a stable banking system in order to

Sergeeva-Olga [200]

The answer is letter B.

American leaders in the US wanted to establish a stable banking system in order to promote international trade and economic growth. This idea came to be when America experienced the great depression, where its economy experienced a decline after the War.

6 0

3 years ago

Drag each label to the correct location on the image.

xeze [42]

Answer:

Tony and Gareth

Explanation:

Basic eligibility requirements for financial student aid are:

Be a U.S. citizen or an eligible noncitizen (including a U.S. national or permanent resident) and have a valid Social Security number.
Have a high school diploma or GED certificate.
Be enrolled or accepted as a student in an eligible degree or certificate program.
Earn a minimum GPA.

Tony has still not completed high school, and Miami resident Gareth does not has a social security number.

Keith and Marshall may be eligible for the financial student aid if they meet all other requirements for financial student aid.

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3 years ago