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brilliants [131]
3 years ago
10

1. Meg Ryan, the bookkeeper of Logan Co., was scheduled to leave on a three-week vacation at 5:00 on Friday. She couldn’t get th

e company’s trial balance to balance. At 4:30, she decided to put in fictitious figures in her computer to make it balance. Meg told herself she would fix it when she got back from her vacation. Was Meg right or wrong to do this? Why?
Business
1 answer:
morpeh [17]3 years ago
7 0

Answer:

No, She is not right in doing so.

Explanation:

As provided, she tries to close the books by adding all the false amounts which shall alter the balances temporarily and then after returning from vacation she will correct them, but up till vacation the accounts will not represent the true and fair view.

As per US GAAP the books shall represent true and fair view of all the transactions of the company in its accounting records, not only at the year end but even during the year.

Therefore, this will be false and unethical and will be against the compliance of US GAAP if such practice of wrong recording is done.

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Margaret [11]

Answer:

the yellow fever outbreak

Explanation:

when yellow fever hit everyone wanted to leave to not get sick so people upped prices because of the shift in the desire to leave making it more valuable so people would spend more then usual because of the worth they get out of it

4 0
3 years ago
Read 2 more answers
Mr. Smith believes that there is going to be rise in the equities market. Based on this information, what would allow Mr. Smith
White raven [17]

Answer:

The answer is 'Buy a Stock Index Future'

Explanation:

To take best advantage of this situation, Mr Smith should go long(buy) on this stock.

Stock Index Future js a method of derivates. Futures, like forward contract is a forward commitment which obligates the buyer to purchase an asset or the seller to sell an asset and have a predetermined future date and price. Future is used to hedge against worse future situations.

7 0
4 years ago
11. This year, teachers can eam a $250 tax credit on money they spend in their classrooms. How will this tax credit affect the t
ser-zykov [4K]

Answer: A. The $250 will come directly off of the amount of taxes the teachers owe.

Explanation:

When given a tax credit of a certain amount, it means that you can deduct that amount from the taxes you owe which means that the taxes you are to pay will be reduced. If you received a tax credit of $500 for instance and you owed taxes of $2,000, your taxes would become $1,500.

In this scenario therefore, with the teachers receiving a tax credit of $250, taxes that the teachers owe will be reduced by $250.

7 0
3 years ago
A marketing __________ is defined as the means by which a marketing goal is to be achieved. it is characterized by a specified t
Veseljchak [2.6K]
I think a marketing campaign or a marketing program is your answer to the question.

Hope it helps
Sorry if it is wrong 
8 0
4 years ago
A local university has 6 faculty members for every 150 students. How many faculty members are needed for 9,575 students?
svetoff [14.1K]
150/6=25 9575/25=383
Answer = 383
6 0
3 years ago
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