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3 years ago

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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You are asked to give a presentation for a local university business class. What should you focus on first when preparing for yo

uranmaximum [27]

When giving an oral presentation, the focus of the presentation should be on:

What you are saying (Verbal)
How you are saying it (Vocal); and
Everything the audience can see about you. (Visual)

<h3>What is an oral presentation?</h3>

An oral presentation is a speech being delivered in person to an audience verbally and in person.

As indicated above, the key components of the oral presentation are:

The verbal elements
The Vocal elements; and the
Visual Elements.

Learn more about oral presentation at:
brainly.com/question/25314091

6 0

2 years ago

Emma Jones Company has the following information available: Account 12/31/2019 12/31/2018 Accounts Payable $76,500 $80,000

leonid [27]

Answer:

B. No.

Explanation:

The formula to compute the quick ratio is shown below:

Quick ratio = (Quick assets) ÷ (current liabilities)

where,

For 2018

Quick assets = Accounts Receivable, net + Cash and Cash Equivalents + Short minus Term Investments

= $49,000 + $70,000 + $44,000

= $163,000

And, the current liabilities = Accounts Payable + Income Taxes Payable

= $80,000 + 5,000

= $85,000

Now put these values to the above formula

So, the ratio would equal to

= $163,000 ÷ $90,000

= 1.81 times

For 2019

Quick assets = Accounts Receivable, net + Cash and Cash Equivalents + Short minus Term Investments

= $42,300 + $43,700 + $27,000

= $113,000

And, the current liabilities = Accounts Payable + Income Taxes Payable

= $76,500 + 2,000

= $78,500

Now put these values to the above formula

So, the ratio would equal to

= $113,000 ÷ $78,500

= 1.43 times

No, as it shows declining from 2018 to 2019

3 0

3 years ago

Equilibrium quantity must decrease when demand

spayn [35]

Increases and supply does not change, when demand does not change and supply increases.

7 0

3 years ago

Select the correct statement regarding the contribution margin ratio. Multiple Choice The contribution margin ratio equals contr

Art [367]

Answer:

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

Explanation:

Contribution margin ratio = $\frac{Contribution\:per\:unit}{Selling\:price\:per\:unit}$

This can even be done by $\frac{Total\:Contribution\:}{Total\:Sales}$

This will calculate contribution as a percentage of Sales, with this margin ratio we get break even sales value, and not the units.

Whenever there is an increase in variable cost it decreases the contribution.

Therefore, correct statement is

The contribution margin ratio can be calculated using either total amounts or per unit amounts.

8 0

3 years ago

Pauline is about to open a new hardware store. She is making decisions regarding lighting, colors, and layout of merchandise. Pa

Morgarella [4.7K]

Answer:

Store atmosphere

Explanation:

There are various techniques used by companies to attract more customers. One of them is to design the shop in the best way possible. Pauline is thinking about designing the place and making decisions about the colours and layout because Pauline understands that the store atmosphere and the looks can certainly affect the customer's purchase decision.

8 0

3 years ago