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salantis [7]
3 years ago
15

When brad john talks about the fact that he is going to have to create different financial plans depending on the amount of busi

ness the company is bringing in, he is referring to?
Business
1 answer:
nika2105 [10]3 years ago
8 0
When Brad John talks about the fact that he is going to have to create different financial plans depending on the amount of business the company is bringing in, he is referring to a cash flow plan. It estimates short and long-term expenses against projected incoming cash. This is a form of anticipation through creating cushion intended for unexpected expenses.
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Watts Corporation made a very large arithmetical error in the preparation of its year-end point in the calculation of financial
topjm [15]

Answer:

d. a prior period adjustment.

Explanation:

Correction of the error when discovered in the next year should be treated as a prior period adjustment. This is basically because the error was already recorded in the past financial report. Since these reports are final and cannot be changed, then the correction to this error needs to be implemented in the next year's financial report and would reflect on that year's income taxes. The process of doing this is known in accounting as a prior period adjustment

7 0
3 years ago
Wang Company accumulates the following adjustment data at December 31. For each item, indicate the (1) type of adjustment (prepa
Naddik [55]

Answer and Explanation:

The type of adjustment and the status of accounts before the adjustment is shown below:-

          Type of adjustment         Accounts before adjustment

(a)        Accrued revenues               Assets understated

                                                          Revenues understated

(b)        Prepaid expenses              Assets overstated

                                                        Expenses understated

(c)         Accrued expenses            Expenses understated

                                                        Liabilities overstated

(d)         Unearned revenues         Revenues understated

                                                        Liabilities overstated

(e)         Accrued expenses            Expenses understated

                                                        Liabilities understated

(f)        Prepaid expenses              Assets overstated

                                                        Expenses understated

8 0
3 years ago
Job costing, process costing. In each of the following situations, determine whether job costing or process costing would be mor
scoray [572]

Answer:

a. A CPA firm     Job costing

b. An oil refinery     Process costing

c. A custom furniture manufacturer     Process costing

d. A tire manufacturer     Process costing

e. A textbook publisher     Process costing

f. A pharmaceutical company      Process costing

g. An advertising agency     Job costing

h. An architecture firm        Job costing

i. A flour mill        Process costing

j. A paint manufacturer     Process costing

k. A nursing home      Job costing

l. A landscaping company     Job costing

m. A cola-drink-concentrate producer      Process costing

n. A movie studio     Job costing

o. A law firm     Job costing

p. A commercial aircraft manufacturer      Process costing

q. A management consulting firm       Job costing

r. A plumbing contractor      Job costing

s. A catering service       Job costing

t. A paper mill       Process costing

u. An auto repair shop    Job costing

Explanation:

7 0
4 years ago
How can quality control affect production?
leva [86]

Answer: Quality Assurance with Quality Control

Quality assurance streamlines production and helps to ensure that the final products meet the company's quality criteria. It ensures that the processes used to design, test, and produce products will be done correctly.

Explanation:

Hope it helps

3 0
3 years ago
Domain name extensions occur _____ the period in the domain name.
Shalnov [3]

Answer:

after

Explanation:

Domain name extension is a TLD or top level domain.

For google.com the domain name extension is 'com'

This comes after the period.

8 0
4 years ago
Read 2 more answers
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