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3 years ago

An overstatement of earnings can inflate a company's stock price and may also be used to:

1 answer:

4 0

<span>If a company overstates their earnings, it will also likely increase the upper management's bonus amounts at the end of the year. When the public realizes that the earnings are overstated, it's likely that the stock will drop significantly due to accounting fraud.</span>

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The Love of Money is the root of all evil but if i give you money you will take it why???

ziro4ka [17]

Answer:

cause we need money for basic needs

such as cloths,shelter,education,medical needs e t c.

6 0

3 years ago

Read 2 more answers

Compute the annual dollar changes and percent changes for each of the following accounts. (Decreases should be indicated with a

lina2011 [118]

Answer:

Explanation:

The computation is shown below:

(A) (B) (A - B)

Current Year Prior Year Dollar change

Short-term investments $380,834 $240,061 $140,773

Accounts receivable $103,020 $106,337 -$3,317

Notes payable $0 $94,802 -$94,802

Now the percentage change would be

= (A - B) ÷ (B) × 100

For Short-term investments = 58.64%

For Accounts receivable = - 3.12%

For Notes payable = - 100%

8 0

3 years ago

Daniel had been earning $67 per hour and working 45 hours per week. Then Daniel's wage changes to $76 per hour, and as a re

Liula [17]

Answer:

Explanation:

When we talk about wages and labor hours, we can observe the choice a worker has between leisure and work. In this case, Daniel's wage increased from $67 to $76 per hour, meaning that for him, work becomes more profitable than leisure, as he's earning more per hour that he works. In this case, the substitution effect shows how attractive it can be for Daniel to give up leisure to do more hours of work because of a higher reward. However, as his wage is higher now, the income effect highlights the possibilities of keeping up with a decent standard of living, without spending as many hours as he did before working. He has the possibility to increase his leisure hours, as he's been paid more per hour worked.

4 0

4 years ago

MCO Leather manufactures leather purses . Each purse requires 2 pounds of direct materials at a cost of $ 5 per pound and 0.7 di

zmey [24]

Answer:

MCO Leather Manufacturing Company

1. Direct Materials Budget

September October

Materials requirement 9,778 13,000

Ending inventory 3,900 3,780

Materials available 13,678 16,780

Beginning inventory 4,280 3,900

Purchases (pounds) 9,398 12,880

Cost of purchases $46,990 $64,400

2. Direct labor budgets for September and October:

September October

Units to be produced 4,889 6,500

Direct labor hours 3,422 4,550

Direct labor costs $41,064 $54,600

3. Factory Overhead Budgets for September and October:

September October

Units to be produced 4,889 6,500

Variable overhead $6,845 $9,100

Fixed overhead 13,000 13,000

Total overhead $19,845 $22,100

Explanation:

a) Data and Calculations:

Direct materials required per purse = 2 pounds

Cost of a pound of direct materials = $5

Direct materials cost per unit = $10 ($5 * 2)

Direct labor cost per unit = $8.40 (0.7 * $12)

Variable overhead = $2 per direct labor hour

Variable overhead per unit = $1.40 ($2 * 0.7)

Fixed manufacturing overhead per month = $13,000

Desired ending inventory of direct materials = 30% required the next month

August ending direct materials inventory = 4,280 pounds

Production Budget September October November

Units to be produced 4,889 6,500 6,300

Materials requirement 9,778 13,000 12,600

1. Direct Materials Budget

September October November

Materials requirement 9,778 13,000 12,600

Ending inventory 3,900 3,780

Materials available 13,678 16,780

Beginning inventory 4,280 3,900 3,780

Purchases (pounds) 9,398 12,880

Cost of purchases $46,990 $64,400

2. Direct labor budgets for September and October:

September October November

Units to be produced 4,889 6,500 6,300

Direct labor hours 3,422 4,550 4,410

Direct labor costs $41,064 $54,600 $52,920

3. Factory Overhead Budgets for September and October:

September October November

Units to be produced 4,889 6,500 6,300

Variable overhead $6,845 $9,100 $8,820

Fixed overhead 13,000 13,000 13,000

Total overhead $19,845 $22,100 $21,820

7 0

3 years ago

Sally needs to be able to deliver customer sales data to multiple departments in real time. Which feature of her company's new a

luda_lava [24]

Sally needs to deliver customer sales data to multiple departments in real-time by using customizable reports.

<h3>What do you mean by accounting?</h3>

Accounting is a means of collecting, summarizing, analyzing, and reporting business information in monetary terms.

As sally needs to deliver the customer sales data to multiple departments in real-time, customizable reports can be helpful in this case.

A customizable report is a type of report that is created and metrics and dimensions should be added and it will display in the way.

Therefore, OB is the correct option.

Learn more about accounting here:

brainly.com/question/5399294

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5 0

2 years ago

An overstatement of earnings can inflate a​ company's stock price and may also be used​ to:

An overstatement of earnings can inflate a company's stock price and may also be used to: