Answer: Option (A). The total liabilities will be overstated.
Explanation: Total liabilities are the aggregate debt and financial obligations owed by a business to individuals and organizations at any specific period of time. Total liabilities are reported on a company's balance sheet and are a component of the general accounting equation. In this scenario, Assuming the company initially recorded a liability, then the total liabilities will be overstated.
Answer:
B. Age Discrimination in Employment Act
Explanation:
Age discrimination involves treating an applicant or employee less favorably because of his or her age.
Discrimination can occur when the victim and the person who inflicted the discrimination are both over 40.
The Age Discrimination in Employment Act of 1967 (ADEA) protects certain applicants and employees 40 years of age and older from discrimination on the basis of age in hiring, promotion, discharge, compensation, or terms, conditions or privileges of employment. The ADEA is enforced by the Equal Employment Opportunity Commission.
Answer:
Results are below.
Explanation:
<u>To calculate the cost of goods manufactured, we need to use the following formula:</u>
Cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
Cost of goods manufactured= 54,700 + (11,300 + 30,000 - 19,200) + 58,100 + 87,400 - 69,900
Cost of goods manufactured= $152,400
<u>Now, the cost of goods sold:</u>
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 33,600 + 152,400 - 43,600
COGS= $142,400
Answer:
Explanation:
a.)
Amount deposited ; PV = 2,500
Monthly interest rate; r = 3.25% / 12 = 0.2708% or 0.002708 as a decimal
Duration of investment ; n = 5 months
Use future value formula to find the accumulated amount by the end of the 5th month;
FV = PV *(1+r)^n
= 2,500* (1.002708)^5
= 2,500 * 1.01361
= 2,534.025
Therefore, the account will have $2,534.03
b.)
Compound interest is the interest earned on the initial amount deposited(Principal) and on the accumulated interest already earned.
The compound interest is therefore total future value minus the initial amount invested;
= $2,534.03 - 2,500
= $34.03