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tatiyna
2 years ago
15

If a journal entry and posting for the use of office supplies during the year is accidentally omitted, what would be the impact

on the financial statements
Business
1 answer:
jolli1 [7]2 years ago
4 0
<span>It is imperative to have accurate information when completing year end financial statements. If a journal entry and posting for the use of office supplies was omitted in error, the financial statements would not be complete, and the company could possibly lose out on a tax deduction.</span>
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NU YU announced today that it will begin paying annual dividends. The first dividend will be paid next year in the amount of $.5
konstantin123 [22]

Answer:

The current stock price is $13.60

Explanation:

D1 = $0.53

D2 = $0.58

D3 = $0.73

D4 = $1.03

Growth rate, g = 3.60%

Required return, r = 10.00%

D5 = D4 * (1 + g)

D5 = $1.03 * 1.036

D5 = $1.06708

P4 = D5 / (r - g)

P4 = $1.06708 / (0.10 - 0.036)

P4 = $16.673125

P0 = $0.53/1.10 + $0.58/1.10^2 + $0.73/1.10^3 + $1.03/1.10^4 + $16.673125/1.10^4

P0 = $13.60

So, current stock price is $13.60

7 0
3 years ago
The term? "market" in economics refers to
timurjin [86]
I'm pretty sure it's option D
7 0
3 years ago
Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, r
tatyana61 [14]

Answer:

Uncollectible account expense  $8,600

Explanation:

The computation of the amount as the Uncollectible Accounts Expense on its Year 2 income statement is given below:

Allowance account - Beg year 2    $3,600 Credit

Written off account   $6,600    Debited by

 Unadjusted balance in Allowance account  $3000  Debit

Adjusted balance required in Allowance account  $5,600  Credit

Uncollectible account expense  $8,600

6 0
2 years ago
_____ season is when the weather is best in a locale and when many people have time off for vacation.
timurjin [86]

Answer:

high

Explanation:

the most popular time of year at a resort, hotel, or tourist attraction, when prices are highest

8 0
2 years ago
Read 2 more answers
It is May 18, 2017. You have a $10,000 semi-annual bond with a coupon rate of 10.375% which matures May 5, 2044. The bond is pri
Keith_Richards [23]

Answer:

-3.91%.

Explanation:

The Duration Adjustment (% change in bond price) is given by:

= (Duration) * (Change in yield in %)

= -(7.81) x (0.5%)

= -3.91%

The Convexity Adjustment is given by:

= 0.5 * Convexity *  (Change in yield, as a fraction)^2

= 0.5 * 99.87 * (0.005)^2

= 0.5 * 99.87 * 0.000025

= 0.001248375

= 0.0012%

Thus, the convexity correction is 0.0012%

Thus, the total change in bond price = -3.91% + 0.0012% = -3.91%.

3 0
2 years ago
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