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vekshin1
3 years ago
11

During the adjusting process two transactions were missed. The first is for unearned rent revenue of which $450 was earned durin

g the period, the second was for accrued interest payable of which $275 is owed for the period. As a result of these omissions
1. liabilities are overstated by $725.
2. assets are overstated by $725.
3. net income is understated by $175.
4. revenue is overstated by $725.
Business
1 answer:
masya89 [10]3 years ago
4 0

Answer:

3. net income is understated by $175

Explanation:

There were two transactions omitted. The first transaction is unearned rent revenue of which $450 was earned. This earned rent revenue increases income by $450. While the second transaction was accrued interest payable of which $275 is owed. This interest payable increases liabilities by $275.

Therefore, from the above, income or revenue is understated by $450, while expenses is understated by $275.

Therefore, net income is understated by income less expenses, thus 450 - 275 = $175. This also implies that liabilities are overstated by $175.

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The Analytic Hierarchy Process is being employed in a project selection decision. One major criteria, cost, receives a weighting
pshichka [43]

Answer:

Option "4" is the correct answer to the following situation.

Intermediate-term cost receives a weighting of 12%.

Explanation:

<u>GIVEN:</u>

Total cost receives weighting = 40%

  • short term cost weighting  = 50% of (Total cost receives weighting)

                                    = 50% of 40% = 20%

  • intermediate term cost weighting  

                                    = 30% of (Total cost receives weighting)

                                     = 30% of 40% = 12%

  • long term cost weighting

                                    = 20% of (Total cost receives weighting)

                                    = 20% of 40% = 8%

Therefore option "4" is the correct answer to the above situation.

4 0
3 years ago
Imagine you are looking at a bottle of salad dressing containing oil, vinegar, and water. you notice that the oil sits on "top"
user100 [1]
The oil is denser 
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4 0
3 years ago
Katie's Dinor spent $84,000 to refurbish its current facility. The firm borrowed 80 percent of the refurbishment cost at 9.2 per
jenyasd209 [6]

Answer:

The question is missing the below options:

$1,333.33

$1,401.49

$1,108.91

$1,282.16

$1,487.06

Monthly payment is $1,401.49  as shown below

Explanation:

In calculating the amount of each monthly payment, PMT formula in excel comes very handy.The formula is stated below:

PMT(rate,nper,pv,-fv)

The rate is the percentage of interest payable on the loan considering that repayment is made monthly, hence the rate in this case 9.2% divided by number of repayments in a year,12

rate=9.2%/12=0.007666667

nper is the number of times repayment would be made, which is calculated as five years multiplied by the number of repayments in a year i.e 5*12=60

pv is the actual amount borrowed , 80%*$84000=$67200

The fv future value is nil

PMT(0.007666667 ,60,67200,0)

PMT=$1,401.49

Find attached as well.

Download xlsx
6 0
3 years ago
A firm uses exponential smoothing method to forecast demand. In period 10, the forecast was 90 and the actual demand was 100. If
drek231 [11]

Answer:

c. 99

Explanation:

Calculation to determine the forecast for period 11

Using this formula

Forecast for period 11=Forecast *Smoothing constant*Period 11 Forecast

Let plug in the formula

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Forecast for period 11=99

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Answer:

u can use quillbot.com

Explanation:

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