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Inessa [10]
3 years ago
11

Prior period adjustments are reported as

Business
1 answer:
matrenka [14]3 years ago
6 0

Answer:

c. An addition to (or a deduction from) the beginning balance of retained earnings

Explanation:

A prior period adjustment is the correction of an accounting error that occurred in the past and was reported on a prior year's financial statement, net of income taxes. Prior period adjustment are reported in the statement of retained earnings as an increase or a decrease in the beginning retained earnings. Therefore, the adjusted beginning retained earnings balance is the amount that retained earnings would have been if the error had not been made.

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Because the desert has extreme temperatures and a shortage of water, what type of net primary productivity does it have?
PtichkaEL [24]

Answer:

A Low Net Primary Productivity

Explanation:

Net primary productivity is a term used to refer to the quantity or amount of carbon dioxide intake by plants during photosynthesis or carbon cycle.

The reason among others why the desert has a low net primary productivity is in the fact that it has less plant growth that encourages the process carbon dioxide intake. This is also responsible for the extreme temperature and shortage of water.

6 0
3 years ago
An increase in savings by Americans (2 points) Question 7 options: 1) would most likely increase the supply of loanable funds.
dolphi86 [110]

Answer:

The correct answer is letter "A": would most likely increase the supply of loanable funds.

Explanation:

In the case Americans start saving more money, financial institutions will feel more confident in providing them with more loans because debtors have stored some resources that could cushion debts if they arise. Thus, the supply of loanable funds is likely to increase under this scenario.

5 0
3 years ago
"at rogopt, a multinational e-commerce site, the human resources department sends out emails to all its branches whenever there
Nataly_w [17]
<span>At Rogopt, a multinational e-commerce site, the human resources department sends out emails to all its branches whenever there are any job openings in the company's headquarters. In this scenario, Rogopt is engaged in internal recruiting.

Internal recruiting is defined as filling/looking to fill job openings in the company with those already in working within the company. External recruitment refers to filling slots for the business with people who work outside of the company. </span>
6 0
3 years ago
SpeakEasy, a U.S. software company that specializes in voice-recognition software, wishes to rapidly enter the growing technical
bulgar [2K]

Answer:

<h2>In this case, the answer would be acquiring or merging with other firms producing related products or services.</h2>

Explanation:

  • As mentioned in the question, the market for technical translation software is basically dominated by firms producing differentiated or specialized products and services.
  • Now, considering that SpeakEasy is a completely new entrant in the market, it will be extremely difficult for the company to initially compete with the established market leaders or firms dominating the market.
  • Hence, SpeakEasy can perhaps consider acquiring or merging with some of the firms producing or specializing in voice-recognition software  that will eventually ease the burden of market competition or rivalry for the company and consequently,it can commercially and economically grow and prosper in the market by capturing new customers and expanding market share.
  • Mergers or acquisitions, in this case, would help the company to effectively focus on its specialized activities and conducts through knowledge sharing, economies of scale or lower average production cost,transfer or transmission of technological knowledge and exploration of new customer or client bases.
3 0
3 years ago
Marigold Corp. purchased a truck at the beginning of 2020 for $109700. The truck is estimated to have a salvage value of $4200 a
jeka57 [31]

Answer:

the depreciation expense of the year 2020 is $18,870

Explanation:

The computation of the depreciation expense of the year 2020 is as follows:

= (Truck value - salvage value) ÷ (useful life) × (driven miles)

= ($109,700 - $4,200) ÷ (123,000 miles) × (22,000 miles)

= $18,870

Hence, the depreciation expense of the year 2020 is $18,870

6 0
3 years ago
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