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3 years ago

What is the accounting problem that the linbarger company faces?

2 answers:

7 0

The problem that Linbarger company faces is that they do not have enough liquid cash in order to fulfill the promise that they made in their loan contracts.
If this happen, they might be subjected to a breach of contract and the other party has the legal ground to attack Linbarger to the court and potentially close them down.

4vir4ik [10]3 years ago

4 0

The issue that Linbarger organization countenances is that they need more fluid money so as to satisfy the guarantee that they made in their credit contracts.

Further Explanation:

Accounting problem:

A bookkeeping blunder is a non-fake inconsistency in money related documentation. The term is utilized in money related revealing. Sorts of bookkeeping blunders include: Error of exclusion - an exchange that isn't recorded. Mistake of commission - an exchange that is determined mistakenly.

Accounting problem be corrected:

1. Correct all earlier period budget summaries appeared on relative fiscal reports.

2. Restate the starting parity of held profit for the main time frame appeared on a similar proclamation of held income if the blunder is before the primary near period.

Five Common Accounting Mistakes and How to Avoid Them:

1. Timely Reconciliations. Accommodating asset report accounts, for example, bank and charge card accounts, at any rate month to month is essential to an independent venture's prosperity.

2. Data Entry Errors.

3. Lack Of Documentation Procedures.

4. Procrastination.

5. Not Seeking Help When Needed.

Subject: business

Level: college

Keywords: Accounting problem, Accounting problem be corrected, Five Common Accounting Mistakes and How to Avoid Them.

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Variable costs are costs

saul85 [17]

Answer:

Correct option is D

Explanation:

Variable cost remains constant for each single unit.

That means variable cost is defined per unit, therefore with this we know statement b is correct.

Also with change in production in number of units, the total cost varies and proportionately changes with change in level of output.

Therefore statement A is also correct.Thus on the conclusive part, Staement D is correct.

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3 years ago

For an economy starting at full employment real GDP, an increase in autonomous expenditure results in a(n) g

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When an economy has an increase in autonomous expenditure will results in a inflationary output gap.

<h3>What is Autonomous expenditure?</h3>

Autonomous expenditure refers to expenses that is incurred by a country.

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Therefore, an economy starting at full employment real GDP, with an increase in autonomous expenditure results in decrease in autonomous expenditure results in a inflationary output gap.

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2 years ago

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2 years ago

True or False: A price ceiling below $25 per box is not a binding price ceiling in this market. True False Because it takes many

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Answer:

1. False

2. Shortage; Larger

Explanation:

1. A binding price ceiling is one that prevents the market from reaching its equilibrium. In this market, the equilibrium price is $25 therefore anything below $25 will be binding. A price ceiling below $25 per box is a binding ceiling.

2. Assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a shortage that is larger in the long run than in the short run.

In the long run, supply is more sensitive because farmers can decide to plant oranges on their land, to plant something else, or to sell their land altogether.

This means that a price ceiling in the long run will be less attractive to farmers so they might leave the market. If they do this then the shortage will be more as there are now less supplies in the market.

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4 years ago

If actual sales totaled $500,000 for the current year (40,000 units at $12.50 each) and planned sales were $495,000 (45,000 unit

irina [24]

Answer: The answer is A. $60,000 increase.

Explanation: 1: The actual units sold multiplied by the budgeted sale price is equal to a total of $440000 (40000 x 11 = $ 440000)

2: The actual units sold multiplied by the actual sale price is equal to $500000 (40,000 x 12.5 = $ 500,000)

3: $500000 - $440000 = $60000 increase by the unit price factor.

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3 years ago