Answer:
Explanation:
In this question, we assume that the financial year is the calendar year
The financial year is remaining for 5 months whereas the calendar year is remaining for 6 months
So for 5 months, the rent would be treated as income
And for 1 month, it would be treated as a liability
If the appropriate adjusting entry is not made.
So, the effect would be
(a) Income statement account = Revenue is overstated, expense = no effect
(b) Net Income = Since revenue is overstated, so net income is also overstated
(c) Balance Sheet account = Assets = no effect, liabilities = understated and retained earnings = overstated
Answer:
Explanation:
I will give a basic hint to understanding this problem
Prevailing technique or what is best known as "Dominant Strategy" is an activity profile that is best for a specific player review of what different players are picking. for this situation there is no prevailing procedure for any player on the grounds that there is no single activity profile that expands the result for any player.
So we can say from this observations that the following is valid;
- A doesn't have a dominant strategy
- B doesn't have a dominant strategy
There are two Nash equilibria for this situation. Both the organizations are charging a low cost and both the organizations are charging a significant expense.
As such they can augment their benefit given what the adversary is doing.
I hope this explains the observation seen.
cheers I hope this helps
Answer:
Kindly check explanation
Explanation:
Implementing plans where functional managers will be held responsible for cost overruns against their original estimate possess both advantages and disadvantages :
The advantages include:
1) Efficient use of Resources : A functional manager could be explained as the head or a person who has managerial authority over a department within a business organization. As such the functional manager will be able to monitor more effectively and take control of his unit. Holding them responsible for cost overruns will ensure that they are more cautious when it comes to resource and cost management as they will not want to be sanctioned.
11) ACCOUNTABILITY: It increases the sense of responsibility of the functional managers as they are being held fully responsible for the decisions made within their unit. This places a higher burden of showing sincerity on the managers.
The disadvantage associated with the plan is the possibility of producing low quality products resulting from the economical and cautious approach embarked upon in other to prevent cost overrun, materials used may be lesser quality than expected.
Answer:
Purchases= 620,000 pounds
Explanation:
Giving the following information:
Beginning inventory= 50,000 pounds
Desired ending inventory= 140,000 pounds
Production= 530,000 pounds
<u>To calculate the purchase required, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 530,000 + 140,000 - 50,000
Purchases= 620,000 pounds
At a business meeting, mr. smith is asked his opinion about a company proposal to give bonuses to workers who go above and beyond. mr. smith will be using what form of delivery?