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3 years ago

For accounting errors, which of the below sentences is true?

Business

1 answer:

Monica [59]3 years ago

7 0

Answer:

The correct option is C

Explanation:

Accounting error is the type of error in the accounting which was not done intentionally but when spotted, the error need to be fixed immediately. And when there is no immediate solution for the error, an investigation is conducted in order to find out who caused the error.

The statement which is true is that they represent the fraud which usually result in the legal action to be taken.

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The supply curve represents the _____ price at which a firm is willing to _____.

Harrizon [31]

<span>The supply curve represents the lowest price at which a firm is willing to accept. The supply curve shows the lowest price the producer is willing to accept for a unit of their product. Producers need to make sure they aren't losing money but selling their products to wholesalers to then sell to the consumer. The producer needs to make a profit off of their product as well. This is where the supply curve comes in, it allows the firm to set the lowest price they can accept when they sell their units off. </span>

8 0

3 years ago

A TV manufacturing company uses speakers at the rate of 8000/mo. When it places an order for speakers it incurs a fixed cost of

sveticcg [70]

Solution :

1. Ordering quantity 500 1000 10000 30000 80000

2. No. of orders 16 8 0.8 0.27 0.1

3. Average inventory 250 500 5000 15000 40000

4. Value of average 2750 5250 50000 142500 370000

inventory

5. Monthly total cost

a). Cost of material 88000 84000 80000 760000 740000

b). Ordering cost 19200 9600 960 320 120

c). Carrying cost 27.5 52.5 500 1425 3700

Total monthly cost 107227.5 93652.5 81460 77745 77820

Among the total monthly cost, $ 77,745 is the least cost.

Therefore, the optimum order size of quantity = 30,000

The number of orders per month = 8000/30000 = 0.267

Time between two consecutive orders = 30000/8000 = 3.75 months

7 0

3 years ago

You are a professional financial analyst that is employed to help evaluate possible merger and acquisition candidates. You have

kipiarov [429]

Answer:

Explanation:

Below are some of the financial ratios he should consider:

a) Financial leverage ratios: This is used to measure the company earnings to service debt payments.

b) Return on investment: This is the ratio that is used to evaluate the profitability of the firm and the profit that is available to the stakeholders after all payments have been made.

c) Price to Earnings Ratio: This is an indicator of the price of the company's stock concerning the earnings per share. It is used to analyze if the stock price is over-priced or under-priced.

4 0

3 years ago

A firm uses a standard costing system and allocates variable overhead costs based on direct labor hours. The annual budget proje

DENIUS [597]

Answer:

Your answer is given below:

Explanation:

Statement showing Computations

Paticulars Amount

Variable overhead cost per unit =100,000/1,000 100.00

Standard Variable overhead for 750 Units = 750 * 100 75,000.00

Actual Variable overhead 75,000.00

Variable overhead spending variance= Standard VO - Actual VO

Variable overhead spending variance= 75,000 - 75,000

Variable overhead spending variance= 0

8 0

2 years ago

A requirements contract is too vague to be a legally-enforceable agreement. Group of answer choices True False

Akimi4 [234]

FALSE

i hope this helps you :)

6 0

2 years ago