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Trava [24]
3 years ago
13

Hudson, Inc. is a calendar-year corporation. Its financial statements for the years 2021 and 2020 contained errors as follows: 2

021 2020 Ending inventory $9,000 overstated $24,000 overstated Depreciation expense $6,000 understated $18,000 overstated 94. Assume that no correcting entries were made at December 31, 2020, or December 31, 2021 and that no additional errors occurred in 2022. Ignoring income taxes, by how much will working capital at December 31, 2022 be overstated or understated
Business
1 answer:
lubasha [3.4K]3 years ago
6 0

Answer:

$3,000 understated

Explanation:

The computation of the working capital in case of no correcting entries made is shown below:

= Depreciation Expense for 2020 - depreciation expense for year 2021 - ending inventory for 2021

= $18,000 - $6,000 - $9,000

= $3,000 understated

While there is no additional errors occurred and no correcting entries passed so in this the $3,000 is understated by above calculation

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Eduardo goes to his mentor, Mateo, to get tips for improving his performance. Administrative While reviewing his goals for the y
nasty-shy [4]

Below is the correct outline of the question:

Eduardo goes to his mentor, Mateo, to get tips for improving his performance.

Type of training:________

While reviewing his goals for the year, Tyrell and his manager discuss what training Tyrell might require to accomplish next year's goals.

Type of training:________

Adriaan and Arie got off on the wrong foot. Arie messed up his first project for Adriaan, and now Adriaan gives him low performance ratings in every category of performance. This is an example of a ________ error.  _______ training will help the manager to evaluate performance more accurately.

Answer:

1. Type of training: Developmental

2. Type of training: Developmental

3. Halo error

4. Frame of Reference (FOR) training

Explanation:

Eduardo goes to his mentor, Mateo, to get tips for improving his performance.

Type of training: <u>Developmental</u>

While reviewing his goals for the year, Tyrell and his manager discuss what training Tyrell might require to accomplish next year's goals.

Type of training: <u>Developmental</u>

Suzy is known for her highly rated employees. Everyone gets a performance rating of "outstanding," regardless of the work they have actually done. This is an example of a <u>leniency </u>error. <u>Frame of Reference </u>training will help the manager to evaluate performance more accurately.

Further Explanation:

For (1) and (2) A development training involves identifying areas employees need to improve on and organizing training programs to strengthen those skills that each employee needs to improve.

For (3),  Leniency error is a rater's bias where the individual who does the rating has the tendency to rate people too positively.

For (4), Frame of Reference (FOR) training is a form of training that teaches how to produce accurate and reliable workplace-based ratings when assessing a performance  It's aim is to improve the accuracy of the ratings of the individual responsible for the evaluation of employees.

5 0
3 years ago
it is generally agreed that the role of strategy is to: options make best use of resources make profits for the organization mak
seraphim [82]
I think the correct answer from the choices listed above is the first option. It is generally agreed that the role of strategy is to <span>make best use of resources. It is very important to use every little thing we have to our advantage. Hope this helps. Have a nice day.</span>
5 0
3 years ago
Tgif. chris and terry have been trying to live within their budget but miss going out to dinner on friday nights. they decide no
Nikitich [7]

45 quarters +120 dimes  = 165 coins

45(.25) + 120(.05) =

11.25 +  + 12.00 = 23.25

There are 45 quarters and 120 dimes.

6 0
3 years ago
Cost of a Fixed Asset Borges Inc. recently purchased land to use for the construction of its new manufacturing facility and incu
tamaranim1 [39]

Answer:

$152,600

Explanation:

The computation of the cost of the land is shown below:

Cost of the land = Purchase price + real estate commissions + delinquent property taxes + closing costs + clearing and grading of the land

= $125,000 + $9,500 + $1,800 + $3,500 + $12,800

= $152,600

We considered all the given information

hence, the cost of the land is $152,600

7 0
3 years ago
Loger's, a high-end apparel company in Bruslon, an Asian country, cuts back on production as consumers start turning to basic pr
eimsori [14]

Answer:

d. economic contraction

Explanation:

Contraction is in economics means it is business cycle phase where the overall economu should be fall. Also the contraction should arise when the cycle of the business is in peak but it should be prior to became as a trough

So at the time of economic contraction, the company normally took the measures of the cost cutting

So as per the given situation, the option d is correct

3 0
3 years ago
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