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
Lubov Fominskaja [6]
3 years ago
11

The accountant for Main Street Jewelry Repair Services, Inc. forgot to make an adjusting entry for Depreciation Expense for the

current year. Which of the following is an effect of this error?
A) Total assets are understated.
B) Revenues are overstated.
C) Total assets are overstated.
D) Net income is understated.
Business
1 answer:
charle [14.2K]3 years ago
8 0

Answer:

C) Total assets are overstated.

Explanation:

The journal Entry for the Depreciation is as follows:

Dr. Depreciation Expense          xxx

Cr. Accumulated Depreciation   xxx

By missing this Journal entry the Accumulated depreciation account will be understated as we know that this is a contra asset account and this will net off the Long term assets. So, as a result the total asset will be overstated.

You might be interested in
In the open-economy macroeconomic model, if a country’s supply of loanable funds shifts right, then
Contact [7]

Answer:

According to the situation given in the question, if a country's supply of loan able funds shift rights , then A) the net capital outflow will increase and so the exchange rate will fall.

Explanation:

According to the situation given in the question , the supply of funds available for loan, depends upon the national savings, so if there is high amounts of national savings available it means the funds are available for the borrowers, who are in need of funds for their investment projects. And the demand for funds available for loan comes from the domestic investment and net capital outflow.

If the supply of funds are high in the economy then obviously the interest rate will also come down and the net capital outflow will be more.  

4 0
3 years ago
What is a promotional strategy?
Citrus2011 [14]

Answer:

Promotional strategy is designed to inform, persuade, or remind target audiences about those products.

Explanation:

6 0
3 years ago
Read 2 more answers
Which of these statements about game design is FALSE?
nexus9112 [7]

When it comes to game design, it is false to say that<u> </u><u>Games design </u><u>is not a </u><u>STEM  career</u><u> because it is just abou</u><u>t  making entertainment.</u>

Game design:

  • Incorporates the feedback of users to make better games.
  • Is quite iterative.
  • Requires that many different people from different careers work in different teams.

Game design is a STEM career because it requires people with expertise in science, technology, and engineering. It would be false to say that these careers are not present in game design.

In conclusion, option B is correct.

Find out more on STEM careers at brainly.com/question/20250489.

6 0
2 years ago
What is the nash equilibrium for this​ game?
NeTakaya
<span>The  nash</span> equilibrium would be A. <span> bp and the mini-mart will both not advertise.
The nash equilibrium happens when all of the competitors choose the decision that give the optimal outcome for both of them.
If Bp and mini-mart both choose not to advertise they both will have a similar profit.</span>
4 0
3 years ago
What are some requirements for Postal Service Mail Carriers?( Check all that apply. )
vlada-n [284]

Answer:

<h2><u><em>a.b,c,g</em></u></h2>

Explanation:

7 0
3 years ago
Read 2 more answers
Other questions:
  • Perfect competition is a market in which there are​ _____ firms, each selling​ _____ product; many​ buyers; _____ to the entry o
    12·1 answer
  • Lori, a self-employed pediatrician, currently earns $200,000 annually. Lori has been able to save 15%of her annual Schedule C ne
    10·1 answer
  • Haydn's contract of employment shows that he was considered ______.
    10·1 answer
  • A manufacturer develops bud­gets for the direct materials, direct labor, and overhead that will be required in the produc­tion p
    6·1 answer
  • The term white-collar crime was coined by sociologist ________ to refer to crimes that people of respectable social status commi
    14·1 answer
  • Bob owns a trout farm with monopoly power in North Carolina. Bob's optimal output occurs where marginal revenue _____ marginal c
    12·1 answer
  • Identify ten entrepreneur and classify them under the types of entrepreneur​
    15·1 answer
  • Siren Company builds custom fishing lures for sporting goods stores. In its first year of operations, 2020, the company incurred
    9·1 answer
  • 4. The following is Arkadia Corporation's contribution format income statement for last month: Sales $1,200,000 Variable expense
    15·1 answer
  • In the Hausser Food Products case, which type of organizational structure might have prevented the Florida sales team from withh
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!