Answer:
a. The Debit column is correctly stated.
b. The Credit column is understated by $17,300 ($8,650 * 2).
c. The Automobiles account balance is correctly stated in the trial balance.
d. The Accounts Payable account balance is understated in the trial balance by $17,300 ($8,650 * 2).
e. If the Debit column total of the trial balance is $200,000 before correcting the error, the total of the Credit column before correction is $182,700.
Explanation:
This mistake is an Error of Commission. It is a problem of arithmetical accuracy, for example, posting to the wrong side of one ledger account. In this case, the Accounts Payable should have been credited with the amount of $8,650. As an arithmetic error, it can only be corrected by doubling the affected amount on the Credit side of the Accounts Payable account.
Answer:
$150
Explanation:
Calculation to determine How much does the investor gain or lose if the oil price at the end of the contract equals $14.0
Using this formula
Gain or Loss =(Futures price- Ending contract)*Contract size
Let plug in the formula
Gain or Loss=$15.5 per barrel- $14.0* 100 barrels
Gain or Loss=$1.5*100
Gain or Loss=$150
Therefore How much does the investor gain or lose if the oil price at the end of the contract equals $14.0 will be $150
<span>When it comes to saving money, what is a good rule of thumb?
</span>B.Put aside money for savings each month
Good luck! :)
Answer:
The correcto answer would be "call"
Explanation:
A CALL option allows the BUYER to buy the underlying asset at the option's exercise price on or before the expiration date. call; seller put; buyer put; seller call; buye
The owner or buyer of a call option benefits from the option if the underlying asset rises, that is, if when the call option expires, the asset (an action for example) has a price greater than the agreed price . In that case, the option buyer will exercise his right and buy the asset at the agreed price and sell it at the current market price, earning the difference.
If the price turns out to be less than the agreed price, known as the strike or strike price, the buyer will not exercise his right and will simply have lost the premium he paid for acquiring the option. Therefore, your benefit may be unlimited, but your loss is limited to the premium you paid.
This amount would have to be recorded as not accrued in the circumstance that he is defending against a lawsuit.
<h3>What is a lawsuit?</h3>
A lawsuit is an action brought by one or more parties in a civil court of law against another party. Only a limited number of laws from long ago that are still in force include the phrase "suit in law."
The most frequent reasons to "sue" an employer are discrimination, harassment, wrongful termination, and workplace injuries, whether accusations are made or a lawsuit is filed directly. More information about each sort of claim is provided below.
Read more on lawsuits here:brainly.com/question/25389760
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required: Indicate the amount Erismus would record as an asset, liability, or not accrued in the following circumstances
Erismus is defending against a lawsuit. Erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000.
