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valentina_108 [34]
3 years ago
14

If the Trial Balance columns are not equal and the difference can be evenly divided by 9, then the error most likely is a transp

osed number.True / False.
Business
1 answer:
saw5 [17]3 years ago
7 0

Answer:Yes

True

Explanation:

A transposition error is a data entry error that is caused by inadvertently switching two adjacent numbers. ... For example, the number 63 is entered as 36, which is a difference of 27. The number 27 is evenly divisible by 9. This can surely cause discrepancies in the trial balance

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Jaycee Jeans sold 40 pairs of jeans at a price of​ $40. When it lowered its price to​ $20, quantity sold increased to 60 pairs.
Anna35 [415]

Answer:

0.6

Explanation:

Initial Units sold, Q1 = 40 pairs

Initial Price, P1 = $40

Final price, P2 = $20

Final units sold = 60 pairs

Now,

Using the midpoint formula,

the absolute value of the price elasticity of​ demand

price elasticity of​ demand = \frac{\frac{Change in quantity sold}{\frac{Total quantity sold}{2}}}{\frac{Change in price}{\frac{Total price}{2}}}

or

price elasticity of​ demand = \frac{\frac{Q2-Q1}{\frac{Q1+Q2}{2}}}{\frac{P1-P2}{\frac{P2+P1}{2}}}

or

price elasticity of​ demand = \frac{\frac{60-40}{\frac{40+60}{2}}}{\frac{40-20}{\frac{40+20}{2}}}

or

price elasticity of​ demand = \frac{\frac{20}{50}}{\frac{20}{30}}

price elasticity of​ demand =  0.6

7 0
3 years ago
Select items that affect incentives for people to produce and exchange goods and services.
Finger [1]

The items that affect incentives for people to produce and exchange goods and services are:

liability rules
property rights
contract enforcement

<span>These factors will hinder the exchange of goods and services to people.</span>
8 0
3 years ago
Read 2 more answers
Bottum Corporation, a manufacturing Corporation, has provided data concerning its operations for May. The beginning balance in t
ankoles [38]

Answer:

b) $54,500

Explanation:

Beginning balance of raw material = $27,500

Ending balance was = $51,000

Purchases = $78,000

Direct cost of raw material is the net of the addition of the opening balance of raw materials and purchases less the closing balance. The manufacturing overhead cost is a mix of all the indirect cost incurred during production.

As such, the manufacturing overhead cost of $118,500 consisting of $3,500 consisted of raw materials would not be considered in determining the direct raw material cost.

Direct cost of raw material = $27,500 + $78,000 - $51,000

= $54,500

6 0
3 years ago
Tri Fecta, a partnership, had revenues of $364,000 in its first year of operations. The partnership has not collected on $46,700
Nimfa-mama [501]

Answer:

C

Explanation:

3 0
3 years ago
In​ 2015, the Washington Nationals baseball team signed pitcher Max Scherzer to a contract to play for them for seven years. He
Salsk061 [2.6K]

Answer: D. The actual value of the contract is less than $30 million for each year he plays.

Explanation:

Given that Mark sherzer will be paid $15 million per year for 14 years reflects a contract whose value at the time of signing is ($15 million × 14) = $210 million. However, the payment would not be paid at the of signing but spread over a period of 14 years with $15 million being splashed out annually. However, considering the time value of money, whereby the present value of a fixed amount decreases with time. Hence in actual sense, the $210 million face worth of the contract will actually be less than $30 million [$210/7(playing years)] as time progresses on the fixed amount paid yearly due to reduction in the value of the present value as time progresses.

7 0
2 years ago
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