Answer:b. net income is overstated
Explanation:
The cost of inventory which is a constituent of cost of goods sold will have an impact on the income, an higher cost of inventory means low net income and lower cost of inventory means an higher net income. Therefore if the inventory is understated it leads to profit overstatement.
Net income will not be understated because a cost item has been understated but it will only be overstated, cost of merchandise sold is understated but this is the action and not the effect, merchandise on the balance sheet will be understated and not overstated.
With everything else remaining constant, an increase in supply will result in a decrease in the equilibrium price and an increase in the amount required.
The equilibrium price will increase as the supply declines, while the quantity needed will go down. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter. When demand, supply, or both move or change, the equilibrium price will change. Price decreases and quantity increases as supply grows. Price increases and quantity declines cause a drop in supply. The equilibrium price rises if the increase in supply exceeds the increase in demand. The equilibrium price falls if the increase in supply is greater than the rise in demand. Equilibrium quantity rises in both scenarios. The equilibrium price and quantity are impacted by upward movements in the supply and demand curves. The equilibrium price rises but the quantity decreases if the supply curve changes upward, indicating that supply declines but demand remains constant. For instance, pump prices are expected to increase if gasoline supply are reduced.
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While working on the project, Martha is most likely to be bored and less creative than usual.
Specialisation is an economic theory that suggests a person carries out activities for which one has a comparative advantage in or is most efficient in. For example, Martha is skilled in web design, economic theory would suggest that she specialises in Web design.
<u><em>Advantages of specialisation </em></u>
- The worker that carries out the same job function repeatedly becomes extremely skilled in the activity.
- Work is carried out faster.
<u><em>Disadvantages of specialisation </em></u>
- Work can become monotonous
- Employees skills in other job functions declines.
If a person carries out the same rudimentary task repeatedly, it is likely that the individual would become bored. For example, if an engineer is employed to put marbles in a box. Soon he would become bored because the work he is doing is not mentally stimulating.
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Answer: d. slow; under react
Explanation:
Conservatism is simply when there is traditional beliefs in the society and opposition the individuals are opposed to rapid changes.
Conservatism implies that investors are too slow in updating their beliefs in response to new evidence and that they initially under react to news.
The correct Court of Appeals district based on the States listed below are:
- Tenth
- Eighth
- Ninth
- Fifth
- Seventh
<h3>What is a Court of Appeal?</h3>
This refers to the special court where people who are not satisfied with the judgement passed in a district court come to so that the case can be re-tried.
With this in mind, if a taxpayer in the United States is looking to appeal a decision which was made by a U.S. District Court, the correct Court of Appeals district based on Wyoming. b. Nebraska. c. Idaho. d. Louisiana. e. Illinois are:
- Tenth
- Eighth
- Ninth
- Fifth
- Seventh
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