Answer:
Option B, an overstatement of net income, is the right answer.
Explanation:
Option “B” is correct because when the prepaid expenses occur then it is recorded in the balance sheet on the asset side and the cash will be reduced by the same amount. However, if the prepaid expenses have not been adjusted then it will show the overstatement of net income because cash has been gone so actual cash will be lower than the recoded cash. Thus, option B is right.
Answer:
YESSSSSS I DOOOOOO THAT THING WAS WERIDDDD
Answer:
1) $141,000
2) $198,000
3) $ 61,000
4) $122,000
Explanation:
1) we sum ($80,000+$42,000+$19,000)= $141,00,0 according to the cost’s theory
2) we sum all amounts (80,000+42,000+19,000+22,000+35,00)= 198,000 we sum all amounts because those are the cost that the company incurred In the period.
3) Conversion cost we obtain summing direct labor+ manufacturing overhead ( 42,000+19,000)= $61,000
4) Prime costs we obtain summing direct materiales+ direct labor ( 42,000+80,000)= $122,000
All else being constant, as the nation produces more missiles, B. every additional missile will reduce consumer goods production by more and more.
<h3>What is the law of diminishing marginal returns?</h3>
The law of diminishing marginal returns states that after some optimal level of capacity is reached in a production process, an additional factor of production would result in a lessening of consumer goods or output (quantity of production).
This ultimately implies that, the law of diminishing marginal returns would only hold for an economic situation in which some inputs are variable and some inputs are fixed.
In this context, we can infer and logically deduce that as the nation produces more missiles (all else being constant), every additional missile will cause a decrease in the production of consumer goods by more and more in accordance with the law of diminishing marginal returns.
Read more on diminishing marginal returns here: brainly.com/question/13767400
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Complete Question:
Assuming there are only two types of outputs in a country: consumer goods and nuclear missiles. All else being constant, as the nation produces more missiles,
the opportunity cost of consumer wants being satisfied will diminish.
every additional missile will reduce consumer goods production by more and more.
the more likely it is to satisfy all consumer wants.
