I think the answer is D but i could be wrong
Answer:
D. The amounts are out of balance and need to be corrected
Explanation:
<em>The debit side is less which means there is no income / loss mistreatment. </em>
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<em>There must be some disposition error or some adjustment left out. </em>
<em>There are three kinds of errors in the trial balance</em>
<em>Error of omission</em>
<em>Error of Disposition</em>
<em>Error of adjustment</em>
<em>This could be any of the above given errors and needs to be corrected it has no income/ loss factor.</em>
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<em>The error of omission occurs when the numbers are omitted.</em>
<em>The error of disposition occurs when the numbers are dispositioned such as 855 is written as 58.</em>
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Answer:
3. Correctly ignored a sunk cost
Explanation:
Sunk costs refer to those costs which have been incurred in the past and which can no longer be recovered. For example, past expenditure on research and development with no current or future benefits represent sunk costs which can no longer be recovered.
Sunk costs are irrelevant for decision making process as they do not relate to current projects and yield no economic benefit.
In the given case, Manuel had already purchased a $10 movie ticket, which can neither be transferred nor eligible for a refund. Later when he does not exercise the option of going for the movie and opts for a concert instead, the amount of 10$ spent on the movie represents a sunk cost which is non recoverable.
Its like an interaction between a company and its customers using website or apps and such
Answer:
The right solution is "1,110,000 units".
Explanation:
Given:
Tax revenue,
= $55500
Tax per good,
= 5 cents
As we know,
⇒
By substituting the values, we get