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irinina [24]
3 years ago
7

If the beginning inventory for 2017 is overstated, the effects of this error on cost of goods sold for 2017, net income for 2017

, and assets at december 31, 2018, respectively, are
Business
1 answer:
Elis [28]3 years ago
7 0
The answer overstatement, understatement and no effect. In addition, the incapability to record a purchase of commodities on account even still the goods are properly comprised the physical inventory results in an underestimation of liabilities and an overemphasis of owners’ equity
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A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. Which of the fol
svetoff [14.1K]

Answer:

A certain production possibilities frontier shows production possibilities for two goods, jewelry and clothing. The following concepts can not be illustrated by this concept:

  • the flow of dollars between sellers of jewelry and clothing and buyers of jewelry and clothing.

Explanation:

  • A Production Possibilities Frontier also known as the Production Possibility Curve or Transformation Curve. This curve illustrates a country or a business is utilizing its resources effectively by showing the point at which that country or business is producing its products efficiently.
  • This curve is unable to tell you the flow of dollars between the seller and buyers of goods of a business or a country.
  • It only tells us about the production of goods not the flow of cash.
7 0
3 years ago
Read 2 more answers
Effect of Transactions on Cash Flows
iren [92.7K]

Answer:

Explanation:

a. Cash paid for retirement of bonds would be deducted from cash flow's financing activities by 411,000

b. Cash received from issue of common stock would be added to the cash flow statement's financing activities as 440,000 [22*20,000]

c. Cash received from sale of equipment would be added to the cash flow statement's investing activities as 60,000

d. Cash paid for purchase of land would be deducted from cash flows from investing activities by 650,000

e. Cash paid for purchase of building would result in deduction from investing activities by 50,000

f. Cash received from issued of bonds would be added to the cash flows from financing activities as 490,000

[500,000/100 * 98]

g. Cash paid for purchase of treasury stock would decrease cash flows from financing activities by 332,500

[10,000*33.25]

h. Cash paid for dividents would be deducted from cash flow from financing activities by 1,320,000

[1,000,000 - 120,000]*1.50 = 1,320,000

6 0
4 years ago
Which term refers to the first level of a product, which depends on the customer value it generates?
zmey [24]

Answer:

B. core benefit

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

According to the economist Philip Kotler in his book titled "Marketing management" he stated that, there are five (5) levels of a product. This includes;

1. Core benefit.

2. Generic product.

3. Expected product.

4. Augmented product.

5. Potential product.

The core benefit of a product can be defined as the basic (fundamental) wants or needs that is being satisfied, met and taken care of when a customer purchase a product.

<em>Hence, the term that refers to the first level of a product, which depends on the customer value it generates is generally referred to as a core benefit. For example, a hotel provides a comfortable and convenient bed to spend the night (sleep) when you travel for a vacation. </em>

4 0
3 years ago
Which activity at the grocery store would not involve mathematics? finding out?
gogolik [260]
1. (B) choosing what kind of apple to buy2. (A) calculate the total cost of the item when not on sale and subtract the sales cost3. (C) $3.484. (A) $12.33
3 0
4 years ago
It is currently 2018 and you are the mayor of Snowville, IL. Your public works department has determined that your town’s main h
Scorpion4ik [409]

Answer:

the net cost for delaying the project will be of 36,120 dollars.

Explanation:

4,300,000 investment

if delayed will increase by 9%

4,300,000 x 0.09 = 387,000 inrease in cost

this cost will be mitigated by the revenue on the interest.

the funds will be placed at 4% per year during two years:

4,300,000 x (1.04^2 - 1) = 350.880‬ interest revenue

net : 36,120

6 0
4 years ago
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