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ahrayia [7]
3 years ago
15

You have a checking account and a separate savings account in your neighborhood bank. You’ve recently moved and gave the bank yo

ur new address for your checking account. You forgot all about the savings account. About three months later you receive a letter about your savings account which was sent to the wrong address. This is an example of __________.
Business
1 answer:
gulaghasi [49]3 years ago
7 0

Answer:

The correct answer is Data Inconsistency.

Explanation:

Data inconsistency refers to the omission or outdated information of a person due to various causes. On the one hand, when data that do not correspond to reality are presented in order to hide the identity or carry out illegal activities; and on the other, the non-update of data that currently differ from the past. Companies normally request information constantly, in order to reduce the inconsistencies of the previously reported data.

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In 20X8, the following pledges were made: $35,000 in unrestricted contributions for use in 20X8; $20,000 in contributions restri
Triss [41]

Answer: $455,000

Explanation:

As the question states what will be the pledges receivable for 20x8 therefore, we will calculate all the pledges:

$35,000 + $20,000 + $400,000 = $455,000

Hence, the answer is $455,000 as we take into account all the pledges for the year 20x8.

8 0
2 years ago
Beautiful Lawns Company estimates its doubtful accounts by aging its accounts receivable and applying percentages to various age
mr_godi [17]

Answer:

$3,000

Explanation:

Calculation to determine How much bad debts expense will Beautiful Lawns report in 2016

Using this formula

Bad debts expense=Estimated doubtful accounts -Allowance for Doubtful Accounts credit balance

Let plug in the formula

Bad debts expense=$3,600-$600

Bad debts expense=$3,000

Therefore The amount of bad debts expense that Beautiful Lawns will report in 2016 is $3,000

8 0
2 years ago
Zoe's Dog Biscuits, inc, has net cash flows from operating activities for the last year of $226 million. The income statement sh
Zigmanuir [339]

Answer:

D. $65 million

Explanation:

The computation of the  end of year balance for accounts receivable is shown below:

Cash flows from operating activities $226

net income $150

Add: depreciation $85

Less: increase in inventory -$14

Add: increase in wages and taxes $15

Add: increase in account payable $10

Total $246

Change in account receivable -$20

Opening account receivable $45

Ending account receivable $65

5 0
2 years ago
A student claims that he can correctly identify whether a person is a business major or an agriculture major by the way the pers
Butoxors [25]
A business major 87% of the time, while 16% of the time mistakenly identifies an agriculture major.
4 0
3 years ago
Pow Corp. accidentally overstated its 2018 ending inventory by $750. Assume that ending 2019 inventory is accurately counted. Th
sergeinik [125]

Answer:

b. 2018 net income is overstated by $750

Explanation:

As the ending inventory is overstated the COGS will be understated thus, the income was overstate as well. Because the expenses reduced from the sales revenues were lower than correct.

Also we can deduct the same logic considering the accounting equation

Assets = liab + equity

if asssets are 750 higher than it should, then Equiy is higher as well

+750  = +750

Equity is affected for the net income and dividends. Thus, we can also conclude the net income is overstated by 750

8 0
3 years ago
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