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3 years ago

It is the end of the year but not the end of the pay period. How will this affect the balance sheet?

Business

2 answers:

Nataliya [291]3 years ago

8 0

Answer:

This has no effect on the period-end balance sheet.

Explanation:

A statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.

According to the question asked the balanced sheet was prepared before the pay period came so this effect will not affect the balance sheet.

Nataliya [291]3 years ago

6 0

Answer:

its liabilities will be increased because i took the test and the other 3 options were wrong.

Explanation:

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Use comparison operators to write a question that the database will understand. Which records contain "no"?

Stolb23 [73]

The answer is = no!

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3 years ago

Given the following historical demand and forecast, calculate the Mean Absolute Percentage Error: Week 1 Demand: 50 Forecast: 49

klio [65]

Answer:

A. about 2.0%

Explanation:

The forecasted error for week 1 is 1%. The demand for week 1 is 50 while estimated demand or forecast was 49. The difference between the two values is 1. The forecasted demand for week 2 is 50 while actual demand for week 2 is 54. The difference between the forecast and actual value is 4. The difference in week 3 is 5. Mean absolute deviation is 6% which means there can be 6% standard deviation from the forecasted values.

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3 years ago

Lindsey Company uses activity-based costing. The company has two products: A and B. The annual production and sales of Product A

saul85 [17]

Answer:The activity-based costing cost per unit of Product A=$9.21

Explanation:

Product A Product B

Units Produced 8000 units 6000 units

Activity Cost Pool Total Cost Product A Product B Total Activity

Activity 1 $26,400 170 380 550

Activity 2 $54,365 950 360 1,310

Activity 3 $136,880 900 3,820 4,720

Activity−basedcost for Poduct A

Activity−basedcost for Activity1= total Cost/total no. of activityx activity for particular product which is product A

=26,400/550 x 170= 8160

Activity−basedcost for Activity2= total Cost/total no. of activityx activity for particular product which is product A

=54,365/1310 x 950=39,425

Activity−basedcost for Activity3= total Cost/total no. of activityx activity for particular product which is product A

=136,880/4720 x 900=26100

Total activity based cost for Product A = $8,160 + $39,425 +$26,100=$73,685

The activity-based costing cost per unit of Product A = Total activity based cost for Product A/ Units Produced for product A=$73,685/8000=$9.21

6 0

2 years ago

Intel buys a manufacturing machine for $100,000 for use in making computer processors. The company also paid 7% ($7,000) sales t

Vadim26 [7]

Answer:

$110,000

Explanation:

Calculation for What is the machine's original cost basis that the firm records on the balance sheet

Machine's Original cost basis

Machine Cost $100,000

Add Sales Tax $7,000

Add Shipping Cost $3,000

Machine's Original cost basis $110,000

($100,000+$7,000+$3,000)

Therefore the machine's original cost basis that the firm records on the balance sheet will be $110,000

3 0

2 years ago

Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goa

olasank [31]

Answer:

Information levels

Explanation:

Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing individual and departmental goals, and generating financial analysis across departments and the enterprise as a whole. Ben's duties provide value-added to his company and would be categorized as different information levels

Ben has to manage information on what we can say three different level; individual level which is developing individual goals, team or business unit , which according to the question is departmental goals and generating financial analysis across deparments and on a corporate level, which is the enterprise as a whole which will be reviewed by the executive teamand adding value to the company as a whole.

4 0

3 years ago