Answer:
A. Unaffected
B. Unaffected
C. Understated
D. Overstated
Explanation:
C. Understated.
Understated balance is one that is reported as having a lesser balance than it actually does. example of what could cause the situation in which cash is understated is that when check is written on the disbursing bank on the last day of December with a credit to cash, and an associated debit to some expense account so as to decrease reported profits and taxes be it (direct or indirect tjaxes) for the year.
Another example is when a utility bill that is suppose to be paid by the last day of the month but failed to record the expenses, under the accrual basis of accounting, the company should recognize the expenses now even though the bill is not yet due. Until the bill is recorded, the utilities payable is understated
d. Overstated.
An overstated balance is an account balance that is reported as having a greater balance than it actually does, example of such situation is that in which an employee has misappropriated funds during the year, and draw a check transferring funds to the account with the shortage so as to cover the shortage. As of December 31, the shortage is replaced, with no reduction as yet recorded in the account on which it is drawn.
In second example of understated, expense account is understated and because of this net income is overstated.
Answer:
C. Business Strategy
Explanation:
White Leo Autos has four different cars and each of them operates as a separate Strategic Business Unit SBUs.
Business strategy is how the SBU competes in the market. The competitive strategy of the unit like differentiation strategy or cost leadership etc.
Corporate strategy focuses on how each SBU is operating and how it serves to the mission and vision of the organisation.
Functional strategy focuses on the different functions like HR, marketing, finance of each SBU.
Answer:
To verify the accuracy of his rental history
Explanation:
Based on the scenario in the question, it is it important for Christian to check the information recorded on his credit report so as to verify the accuracy of his rental history.
He has to verify his rental history so as to know if there's a mistake or if the details written are not correct. To apply for the mortgage, he needs to ensure that the details are correct.
Explanation:
Answer:
$9,760.48
Explanation:
Present value of annuity due = P* [[1 - (1+r)^-(n-1)] / r] + P. Where P = Periodic payment = $1,000, r = Rate of interest per period 4% (0.48/12), n = number of payments 12 (12*1)
Present value of annuity = $1000 * [[1 - (1 + 0.04)^-(12-1)] / 0.04] + $1000
Present value of annuity = $1000*8.760475 + $1000
Present value of annuity = $8760.48 + $1000
Present value of annuity = $9,760.48
