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katrin2010 [14]
3 years ago
12

"Kilian Company's inventory balance at the end of the current year does not include $10,000 of inventory that was stored in a se

parate warehouse and accidentally excluded from the physical count. If the error is not discovered, the effect of this error on financial statements in the following year will be___________.
Business
1 answer:
makvit [3.9K]3 years ago
4 0

Answer:

understated assets, retained earnings, and net income

Explanation:

As in the given case, the inventory balance at the end of the year does include the $10,000 of inventory plus it also excluded from the physical count

So, if the error is not found, the effect of this error is assets are understated instead of overstated which results the retained earnings and the net income understated

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The population of a country has a relative growth rate of 3% per year. The government is trying to reduce the growth rate to 2%.
Murrr4er [49]

Answer:

185,023,041

Explanation:

Given,

The original population of the country, P = 110 million,

Growth rate, r = 2% = 0.02,

Number of years from 2011 to 2037,

Time, t = 26 years,

Hence, the projected population would be,

A=Pe^{rt}

=110e^{0.02\times 26}

=110 e^{0.52}

=185.023041467\text{ million }

=185023041.467

\approx 185023041

8 0
4 years ago
Seble wants to open a floral shop in a downtown business district. She doesn't have fundsenough to purchase inventory and pay si
Ainat [17]

Answer: C. before Zhou invested Sebie prepared a detailed business and sales forcast, and provided Zhou with copies.

Explanation:

The provision of the detailed business plan to Zhoue is to familiarize her with details of how the business will run and once she keeps track with this, it cannot be a basis for Zhoue to acuse Serbie of fraud.

An assertion by Serbia or clear declaration of having experience or working in floral retail to Zhoue is a basis for fraud.

The compensation of Zhoue with 25% return in the business which is less than her initial investment in the business is also a basis for fraud claim by Zhoue.

3 0
3 years ago
When firms are said to be price takers, it implies that if a firm raises its price,.
Alex73 [517]

Answer:

when films are said to be prize takers in implies that if you raises its price a buyers will go else where

4 0
2 years ago
Suppose Bev's Bags makes two kinds of handbags—large and small. Bev rents an industrial space where she keeps the fabric, the in
Oksanka [162]

Answer:

c. All are correct.

Explanation:

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Therefore, all are correct.

8 0
3 years ago
_____ occurs when the amount of of capital per worker increases
katrin2010 [14]
<span>Gross domestic product </span>occurs when the amount of of capital per worker increases. The answer is letter A
3 0
3 years ago
Read 2 more answers
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