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
lapo4ka [179]
3 years ago
6

When examining whether a company has underrecorded accounts payable, all of the following ratios are helpful EXCEPT: a. Quick as

sets ÷ Current liabilities b. Unearned revenue ÷ Accounts payable c. Accounts payable ÷ Purchases d. Accounts payable ÷ Cost of goods sold
Business
1 answer:
Valentin [98]3 years ago
3 0

<u>Answer:</u> Option B

<u>Explanation:</u>

Under recording the liability in the balance sheet such as accounts payable may become a liability fraud case. It is significant that the balance sheet has to be analysed using the acid test ratio which is quick assets/current liabilities. If this ratio has increased suddenly then it is clear that the accounts payable is understated.

Unearned revenue/ accounts payable ratio is used to determine the current liability of the company. This ratio cannot be used to find the under recorded accounts payable.

You might be interested in
Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair pa
noname [10]

Answer:

<em>1. Airplanes. </em>

<em>2. Ice-cream plants. </em>

<em>3. Building maintenance. </em>

<em>4. Engines. </em>

<em>5. Automobiles. </em>

<em>6. Barns.</em>

<em>7. Lift trucks. </em>

<em>8. Swimming pools.</em>

<em>9. Machinery. </em>

Explanation:

In this scenario, Harvey Industries, a Wisconsin company, specializes in the assembly of high-pressure washer systems and in the sale of repair parts for these systems. The products range from small portable high-pressure washers to large industrial installations for snow removal from vehicles stored outdoors during the winter months.

Basically, the high-pressure water cleaning is a process that involves using water running at a very high pressure and sometimes high temperature to remove mold, dirt, dusts, loose paint, snow removal, grime etc from physical objects such as vehicles, equipments, buildings, billboards through the use of a plunger pump.

The typical uses for high-pressure water cleaning include: Airplanes, Ice-cream plants, Building maintenance, Engines, Automobiles, Barns, Lift trucks, Swimming pools, Machinery etc.

The proper application of high-pressure water cleaning helps to reduce environmental degradation, ensure equipments or environment are clean and neat. Also, high and tight places that cannot be easily reached by humans can still be cleaned with the help of a high-pressure water cleaner.

3 0
3 years ago
If a business person wants to get information about a special product to a wide variety people across a large geographic range,
Westkost [7]

Answer: Internet.

Explanation:

The internet is the fastest way a business can advertise it's products to a global audience. The internet is a wireless interconnection of computers across the Earth, where communication is made easier and information is shared.

4 0
3 years ago
Will give Brainliest Answer! What type of competitive situation is this?
hram777 [196]
That would be
C. Oligopoly Conpetition
5 0
3 years ago
A business plan is a form of proposal. If you are serious about starting a business, you will need to write a comprehensive, tho
Irina-Kira [14]

Answer:

sry I just wanted the points I'm in middle school so I don't know this stuff either but can you give free brainlyest I'm soo close to my next rank I'd really appreciate it if you would

3 0
2 years ago
Raspberry Company's actuary has computed its prior service cost to be $8,000,000. Raspberry amortizes the prior service cost by
Andrews [41]

Answer: $910,000

Explanation:

Pension expense is calculated by the formula:

= Prior Service cost  for the year+ Service cost + Interest cost - Expected return on plant assets

Prior Service cost = Prior service cost / Service life of active employees

= 8,000,000 / 20

= $400,000

Expected return on plan assets = Plan assets * Interest rate

= 1,500,000 * 10%

= $150,000

Pension expense = 400,000 + 560,000 + 100,000 - 150,000

= $910,000

3 0
3 years ago
Other questions:
  • When friends of Brian Richardson went to the carnival, they always wanted to take him with them because Richardson had an uncann
    13·1 answer
  • Hackett, Inc. had property tax payable of $940,000 and $100,000 at the end of 2018 and 2019 respectively. During 2019, Hackett r
    7·1 answer
  • When the weighted average cost method is used in a perpetual inventory system, a weighted average unit cost for each item is com
    6·1 answer
  • Katie is averaging 8 test scores. She makes a mistake and divides the correct sum by 9, which yields an average of 80. What is K
    10·2 answers
  • Simon Company had the following summarized operations for the month of May: Revenues earned: for cash, $32,000; and on account,
    5·1 answer
  • Which of the following statements are true about both monopolistic competition and monopolies? Check all that apply. Firms earn
    6·1 answer
  • The following transactions and events occurred during the year. Assuming that this company uses the indirect method to report ca
    6·1 answer
  • Bob, a weak swimmer, ignored warning signs in a recreational swimming area and went into deep water. He soon grew tired and real
    13·1 answer
  • Which of the following is an example of sustainable farming
    13·1 answer
  • The birthday rule is used to determine the:
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!