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asambeis [7]
3 years ago
6

Pixel Copies recorded a cash collection on account by debiting Cash and crediting Accounts Payable. What will the trial balance

show for this​ error?
Business
1 answer:
velikii [3]3 years ago
4 0

Answer:

Overstatement of Assets and liabilities.

Explanation:

Collection of cash results in journal entry of debiting cash with corresponding credit to accounts receivable thus reducing the accounts receivable.

Erroneous credit to accounts payable instead of accounts receivable results in overstatement of assets and liabilities.

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Who has the comparative advantage in the production of corn? jakejaneboth jake and jane.neither jake nor jane.
Pachacha [2.7K]

Jake has a comparative advantage in the production of corn.

<h3>Who has a comparative advantage?</h3>

A person has comparative advantage in production if it produces at a lower opportunity cost when compared to other people. Opportunity good is the number of goods that have to be given up in order to produce a good.

Opportunity cost for:

Jake : 20 / 80 = 0.25

Jane: 40 / 40 = 1

Jake has a lower opportunity cost. He has a comparative advantage in the production of corn

Please find attached the table used in answering this question. To learn more about comparative advantage, please check: brainly.com/question/25139916

#SPJ1

4 0
2 years ago
Which of the following guidelines about maintaining a network is false? a. Participate in career fairs b. Use business cards whe
S_A_V [24]

I believe the answer is: end network relationships after you find a job

If you end network relationships after you find a job, you would be automatically considered as rude and that person would no longer contact you in case there is a better opportunity in the future.

Because of this, it is important for you to maintain good networking relationship with as many people as you can to accelerate your career.

4 0
3 years ago
Read 2 more answers
On July 1 of the current year, Marcia purchases a new home and borrows $320,000. Marcia is required to pay two points on the loa
snow_lady [41]

Answer:

D) $6,400

Explanation:

To calculate the points deducted by Marcia in the current year, we use the following method

Since she collected the loan in July of the current year, there is five (5) months remaining in the current year, for Marcia to deduct any point, the will need to divide the number of month(s) remaining by the money she borrowed while we have have as;

$320,000/ 5

= $64,000

7 0
3 years ago
Read 2 more answers
Project management boils down to asking which questions?
insens350 [35]

Answer: d. all of the answers

Explanation: Project management typically involves the planning, build-up, implementation, and closeout of projects and is defined as the organization and management of resources such as people, materials, etc. in such a way that a given project is completed within defined scope, quality, time and constraints of costs. In this, it asks questions bordering on planning,  (what problem needs solving, people involved, and what will be done?), implementation and close-out (when would the project end, how would you know you have arrived at its completion, how do you go about it?) etc.

4 0
3 years ago
"A representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dess
Drupady [299]

Answer:

Public appearance.

Explanation:

In this scenario, a representative is hosting 20 wealthy guests at a dinner seminar at a Michelin star-rated restaurant, and when coffee and dessert are being served, she intends to give a small talk about the potential benefits of investing in hedge funds. This is defined by FINRA as public appearance.

According to Financial Industry Regulatory Authority (FINRA), a public appearance can be defined as an unscripted, spontaneous live presentation to a group of people comprising of potential investors. A public appearance do not require a principal approval and are not bonded by the FINRA rules and regulations.

8 0
3 years ago
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