It is given that the company failed to record $3,700 of insurance coverage that had expired and accrued salaries expense of $2,250. It means the company has failed to record the total expenses of (3700+2250) = $5,950. This understatement of the expenses shall result in an overstatement of the income in the Income statement. Further, it will also result in the overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250.
As a result of these two oversights, the financial statements for the reporting period will show overstatement of the income by $5,950 in the Income statement and overstatement of assets (Prepaid Insurance) by $3,700 and understatement of liabilities for salaries payable by $2,250 in the balance sheet.
Answer:
$8,000
Explanation:
Base on the scenario been described in the question, we are to use simple interest to calculate the given problem
We are given
Time = 2years
rate = 8%
Principal = $50,000
Simple interest formula is given below
I = PRT/100
Substituting the values into the question, we have
I = $50,000×8×2/100
I = $800,000/100
I = $8,000
Answer:
(C) perfectly inelastic.
Explanation:
Elasticity of demand measures the responsiveness of quantity demanded to changes in price.
Demand is perfectly inelastic if a change in price has no effect on quantity demanded. Quantity demanded remains unchanged no matter the change in price.
Water is assumed to be a necessity so demand would not change no matter the change in price.
Demand is inelastic when a change in price has little or no effect on quantity demanded.
Demand is elastic when a change in price has a greater effect on the quantity demanded.
Demand is unitary elastic when a change in price has an equal erfect on quantity demanded.
I hope my answer helps you
Considering the situation described above, the marketing technique Nadine is benefiting from is known as the "<u>Omnichannel strategy</u>."
This is because the Omnichannel strategy allows business firms to meet their customers' needs right at the point where they are.
Thus, in this case, where Nadine selects the best deal from two coupon codes offered by a store, one that she received by email and one from a text, is a form of Omnichannel strategy.
This is because Nadine got her products or sales right without necessarily moving to the store.
Hence, in this case, it is concluded that the correct answer is the <u>Omnichannel strategy.</u>
Learn more here: brainly.com/question/23158409
Answer:
At the markets eqilibirium , the quantity demand and the quantity supplied will be equal.If there is a shortage, the quantity demand will be larger than the quantity supplied. If there is a surplus , the quantity demand will be smaller than the quantity supplied.
Explanation:
