Answer: OPTION A
Explanation: For winning the suit of negligence- duty, breach, cause and damage are the four elements that the plaintiff needs to prove. Intent is not an element of negligence.
Intent, used as a short form for intention, can be defined as the commitment of an individual to do certain action in present or in future period.
Answer:
Explanation:
Required 1
determine the effect of the error on retained earnings at january1,2016;
in 2016, SE discovered that the expenses for advertising is $42000, it is an error caused by net purchase of inventory in the year 2015. the cost of goods sold for advertising expenses is overrated by $42000.
Therefore, the understatement advertising expense at ending inventory is $30000 held on consignment caused in 2015 is detected that the goods sold to be overstated.
check the attachment for analysis of 2015 ending inventory error effects.
REQUIRED 2 ( CHECK THE ATTACHMENT BELOW)
REQUIRED 3;
Determine the steps taken in connection with the correction of the error;
In 2015 the result for the financial statement was incorrect with two errors by restated. The correct inventory amount cost of goods sold, advertising expenses , net income and retained earnings are reported in comparative purpose to their current annual report.
a previous period adjustment for retained earnings is reported with disclosure note for the nature of error.
finally, the correction is made at the year earning for net income and extra ordinary item purchased. Therefore , a calculated share for each retained earnings is get reported.
Answer:
POWER
Explanation:
Mc-Clelland's Acquired Needs Theory : is a theory stating the three main driving forces of motivation in a person's life.
- Achievement : Need for a sense of success accomplishment
- Affiliation : Need for earning a good rapport
- Power : Need for having authority to lead & influence others
The Employee who enjoys motivating and influencing others. He often takes control of a project. : He is a proper example of being motivated by need for power'. As, he likes to lead the projects & influence, motivate people.
If terry's total utility is maximized when he owns 10 pairs of shoes, then terry's total utility from owning 7 pairs of shoes is less than terry's total utility from owning 8 pairs.
The benefit that a person receives from consuming all of a given commodity's units at once or over time is referred to as their total utility.
In other terms, total utility is the overall satisfaction attained through the consumption of numerous units of commodities and services. Every unit of a commodity has a marginal utility, which is a benefit gained from consuming an extra unit. The total utility is the total of all these marginal benefits.
The consumer tries to consume various combinations of products and services within the available restricted resources (money) in order to optimise his overall utility. Generally speaking, individuals try to get the most out of the money they spend on goods and services.
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Answer:
Dr. Cr.
Cost of Goods Sold $200
Merchandise Inventory $200
Explanation:
Inventory is value at Lower of Cost and Net realizable value.
Cost of Inventory = $8,000
Net Realizable Value of Inventory = $7,800
The lower value is the Net realizable value and Inventory should be reported by $7,800 on the balance sheet. The net difference of $200 is adjusted to bring the value of inventory to it net realizable value.
Expense to be recorded = $8,000 - $7,800 = $200
