1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vagabundo [1.1K]
3 years ago
5

The current pay period ends on Friday, January 2, yet the company's fiscal year-end is on Wednesday, December 31. If the company

does not make the proper adjusting entry to accrue payroll expenses at year-end, what would be the impact?
a. Understate assets
b. Overstate operating income
c. Understate stockholders' equity
d. Overstate liabilities
Business
1 answer:
Umnica [9.8K]3 years ago
4 0

Answer:

b. Overstate operating income

Explanation:

According to my research on business financing terms, I can say that based on the information provided within the question the impact of this would be an overstated operating income. This refers to a balance that is documented as having more money than it actually has. This would be the case since the payroll payments have not yet been subtracted.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

You might be interested in
The cost of the basket of goods in 2005 is $550 and the cost of the basket of goods in 2011 is $700. if 2005 is used as the base
Natalija [7]

$127.27

Price index is (new year/old year)*100

If 2005 is the base/old year, then:

$700/550 = 1.27273 * 100 = $127.27

Price index is used to show inflation from year to year by the change in price for the same goods in a base year to current year. Price index for the base year compared to the base year will always be 100, so anything above that shows inflation.

4 0
3 years ago
Hi mkahn :)
Alex787 [66]
Hi this is hhfjjdjdjdjdhhd
5 0
3 years ago
Find the effective interest rate per payment period for an interest rate of 9% compounded monthly for each of the given payment
Temka [501]

Answer:

a. 0.75% per month

b. 2.25% per quarter

c. 4.5% semi- annually

d. 9% yearly

Explanation:

a. Computing the effective interest rate per payment period for the payment schedule which is monthly:

Effective rate (monthly) = Nominal rate (r) / Compounded monthly (m)

where

r is 9%

m is 12

Putting the values above:

= 9% / 12

= 0.75% per month

b. Computing the effective interest rate per payment period for the payment schedule which is quarterly:

Effective rate (quarterly) = Nominal rate (r) / Compounded quarterly (m)

where

r is 9%

m is 4

Putting the values above:

= 9% / 4

= 2.25% per quarter

c. Computing the effective interest rate per payment period for the payment schedule which is semi- annually:

Effective rate (semi- annually) = Nominal rate (r) / Compounded quarterly (m)

where

r is 9%

m is 2 (every 6 months)

Putting the values above:

= 9% / 2

= 4.5% semi- annually

d. Computing the effective interest rate per payment period for the payment schedule which is annually:

Effective rate (annually) = Nominal rate (r) / Compounded yearly (m)

where

r is 9%

m is 1 (end of the year)

Putting the values above:

= 9% / 1

= 9% yearly

3 0
3 years ago
The elements of the business environment include the:.
quester [9]

Answer:technological environment, economic and legal environment, competitive environment

Explanation:

5 0
2 years ago
The Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automa
notsponge [240]

Answer:

3,000 $100 bills equivalent to $300,000

Explanation:

The economic order quantity (EOQ) is the optimum quantity of a good to be purchased or required at a time in order to minimize ordering and carrying costs in inventory.

EOQ = the square root of [(2 times the annual demand in units times the incremental cost to process an order) divided by (the incremental annual cost to carry one unit in inventory)]

  • annual demand in units = 12,500 x 12 = 150,000
  • incremental costs to process an order = $300
  • incremental annual cost to carry one unit in inventory = 10% x 100 = $10

EOQ = √[(2 x 150,000 x $300) / $10] = √($90,000,000 / $10) = √9,000,000 = 3,000 bills

8 0
3 years ago
Other questions:
  • The management of dominican sugar company is considering whether to process further raw sugar into refined sugar. refined sugar
    7·1 answer
  • A ski company in Vail owns two ski shops, one on the west side and one on the east side of Vail. Ski hat sales data (in dollars)
    5·1 answer
  • Look at the picture, which one is the correct answer?
    8·1 answer
  • On August 1, 2020, a company borrowed cash and signed a one-year interest-bearing note on which both the face value and interest
    7·1 answer
  • The lumber companies began to replant forests after they cut them down; this process is known as lumber farming. Lumber farming
    13·1 answer
  • Angelo owns a bookstore and has been running a Google Shopping campaign for several months. He needs to monitor how different bo
    14·2 answers
  • Orion company sells several products. information of average revenue and costs is as follows: selling price per unit $23 variabl
    8·1 answer
  • Jane recently accepted a position as an Associate Professor of Management at Central State University. She has found that nearly
    7·1 answer
  • In Rovamia, a developing country, companies often had to compromise on quality and cost earlier to make their products affordabl
    7·1 answer
  • Why is developing a reputation as a subject matter expert important for a leader if leadership deals so heavily with interperson
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!