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mash [69]
3 years ago
12

To construct an income distribution table, the second step is to _____.

Business
1 answer:
gladu [14]3 years ago
6 0
<em />I think it is C but don't quote me on it.
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Aaron Company uses the periodic inventory cost flow method. If Aaron's ending inventory is understated due to an accounting erro
cestrela7 [59]

Answer:

a. net income= understated, retained earnings= understated

Explanation:

In accounting and auditing it is established that ending inventory and net income moves in the same direction when it comes to being overstated or understated. That implies that if <u>ending inventory is understated</u>,  then cost of goods sold will be overstated by the same amount, and when costs are overstated it finally leads to <u>net income and gross profit being understated.</u>

Furthermore, since it is the net income that will be added to retained earnings thereafter, it implies that the lesser the net income the lesser will be retained earnings. Hence, understatement of ending inventory is understatement of net income and also retained earnings.

4 0
3 years ago
Which one of the following positions would have salaries or wages that are classified as a factory overhead cost by a baking com
frutty [35]

<u>Answer: </u>

Out of the following positions, the position of the factory supervisor would have a salary or wage that is classified as a factory overhead cost by a baking company.

<u>Explanation: </u>

  • For a baking factory, professionals like a baker, a salesman, or the president of the company are mandatory to have.
  • The need for a factory supervisor arises only if it is devised or felt that the employees would not work properly if they are not monitored.
  • If such a need is not felt anymore, the salary of the factory supervisor would be considered as an overhead cost by the company.
7 0
4 years ago
Mifflin Co. reported the following for the current year.
katrin2010 [14]

Can an object accelerate if it's moving with constant speed? Yup! Many people find this counter-intuitive at first because they forget that changes in the direction of motion of an object—even if the object is maintaining a constant speed—still count as acceleration.Acceleration is a change in velocity, either in its magnitude—i.e., speed—or in its direction, or both. In uniform circular motion, the direction of the velocity changes constantly, so there is always an associated acceleration, even though the speed might be constant. You experience this acceleration yourself when you turn a corner in your car—if you hold the wheel steady during a turn and move at constant speed, you are in uniform circular motion. What you notice is a sideways acceleration because you and the car are changing direction. The sharper the curve and the greater your speed, the more noticeable this acceleration will become. In this section we'll examine the direction and magnitude of that acceleration.The figure below shows an object moving in a circular path at constant speed. The direction of the instantaneous velocity is shown at two points along the path. Acceleration is in the direction of the change in velocity, which points directly toward the center of rotation—the center of the circular path. This direction is shown with the vector diagram in the figure. We call the acceleration of an object moving in uniform circular motion—resulting from a net external force—the centripetal acceleration

6 0
4 years ago
Along with the decreasing number of scandals in government, politics, business, education, and religion over the past decade, th
cluponka [151]

No, this statement is false. Along with the decreasing number of scandals in government, politics, business, education, and religion over the past decade, the need for crisis management has not decreased.

How does a scandal affect a business?

Recent studies actually demonstrate that companies with moral workplace cultures outperform their rivals, particularly in terms of stock price growth. Business ethics scandals can seriously damage a company's reputation, leaving customers and employees with a negative impression of the organization's values.

Is a scandal a crisis?

This essay follows Sims's definition of a crisis as an abrupt, unanticipated incident that hurts the organization. Sims also defines a scandal as a subtype of crisis, which is unethical conduct or an event that elicits indignation and reaction (Kuhn and Ashcraft, 2003; Tucker and Melewar, 2005).

Learn more about scandal effect: brainly.com/question/537287

#SPJ4

8 0
2 years ago
All of the following are true about marketing except which?
Zina [86]

Answer:

The correct answer would be option C, Successful marketing usually result in one winner and one or more losers.

Explanation:

Marketing is basically the set of activities that promote the buying or selling of a product of the company. Many strategies are used to promote the product of service of a company. Advertisement, selling, promotions, etc are all parts of marketing plans.

When a marketing plan is implemented, the company hopes to get the best out of that plan. A successful marketing plan does not usually result in one winner and one or more losers. A marketing plan is either successful or unsuccessful. It is totally the matter of the company. If the marketing strategies turn out to be great, the marketing plan is considered the Success for the company, and vice versa. So it is always one winner or loser, which will always be the company.

6 0
3 years ago
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