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lesya [120]
3 years ago
8

The trial balance for Swifty Corporation appears as follows:

Business
1 answer:
Shkiper50 [21]3 years ago
8 0

Answer:

Explanation:

The adjusting entry for supplies is shown below:

Supplies expense A/c Dr    $115

    To supplies A/c                              $115

(Being adjusted entry recorded)

The trial balance show a supplies balance of $148 and the supplies on hand were $33, so the adjusted supply balance would be equal to

=  Supplies balance - supplies on hand

= $148 - $33

= $115

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Which of the following statements is CORRECT?a. Ethical behavior is not influenced by training and auditing procedures. People a
Yakvenalex [24]

Answer: b. . If someone deliberately understates costs and thereby causes reported profits to increase, this can cause the stock price to rise above its intrinsic value. The stock will probably fall in the future. Both those who participated in the fraud and the firm itself can be prosecuted.

Explanation:

Ethics in business ad organization is very vital towards the accomplishment of goals in every organization. Ethical behavior can be influenced by training and auditing procedures.

It should be noted that when someone understates the cost intentionally maybe with the person trying to steal from the company. This can lead to the reported profits of the company to increase, and thereby cause the stock price to rise above its intrinsic value.

If eventually the stock will fall in the future, everyone who took part in this fraudulent activity and even the company itself can be prosecuted. Performing in fraudulent activities by a company or its workers will make the individuals or the company lose the trust of its clients.

Option B is the correct answer.

5 0
3 years ago
Allen Lumber Company had earnings after taxes of $750,000 in the year 2015 with 300,000 shares outstanding on December 31, 2015.
GarryVolchara [31]

Answer:

Earning per share for the year 2016 is $2.68

Explanation:

For computing the earning per share, we have to use the formula of earning per share which is shown below:

= Net income ÷ total number of outstanding shares

where,

Net income is $937,500

And, the total number of outstanding shares equals to

= 2015 shares + 2016 shares

= 300,000 + 50,000

= 350,000

Now put these values to the above formula

So, the earning per share would be equals to

= $937,500  ÷ 350,000 shares

= $2.68

The earning after tax is not considered. Thus, it is ignored.

Hence, earning per share for the year 2016 is $2.68

4 0
2 years ago
According to the chart below, which sets of IQ scores fall in the bottom 50th percent of frequency?
lubasha [3.4K]
The green one
Because 65-69 is close to 50%
And the answer should be A
I
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Hope this helps
6 0
2 years ago
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Suppose demand is given by q = 80 - 0.5p. what is the price elasticity of demand when p = 40?
Rasek [7]
<span>I believe the answer to this question is: the price elasticity of demand is 60. q = 80 - 0.5(40) is the equation I used. Half of 40 is 20, and 80 minus 20 is 60.</span>
8 0
3 years ago
The recent global boom in the market price for scrap steel and aluminum leads to a sudden rise in the theft of everyday metal ob
Kipish [7]

Answer:

C

Explanation:

The recent global boom in the market price for scrap steel and aluminum<em><u> has led to a sudden rise in the theft of everyday metal objects like manhole covers, guard rails, and empty beer kegs. </u></em>

<em><u /></em>

8 0
3 years ago
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