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oee [108]
3 years ago
8

A company received $1,000 from a cash sale to a customer. However, when the transaction was journalized, the accountant accident

ally debited Cash and credited Service Revenue for $100 each.Assuming there were no other errors, which of the following statements is/are true? (check all that apply)Select one or more:
a. Total debits and total credits on the trial balance will not be equal.
b. Total debits and total credits on the trial balance will still be equal.
c. The account balances for cash and service revenue will still be correct.
d. The balance sheet equation will be in balance.
e. The balance sheet equation will not be in balance.
f. The account balances for cash and service revenue will be incorrect
Business
1 answer:
Sphinxa [80]3 years ago
5 0

Answer:

b. Total debits and total credits on the trial balance will still be equal.

d. The balance sheet equation will be in balance.

f. The account balances for cash and service revenue will be incorrect.

Explanation:

In accounting, this kind of mistake is called subsidiary entries under Types of Errors in Accounting. Therefore, all the transactions that recorded incorrectly are regarded as subsidiary entry.

Although, as regards this particular question, the account balances for cash and service revenue will not be correct, but this does not prevent the total debits and total credits on the trial balance from being equal nor prevent the balance sheet equation to balance.

The implication is that this error will not show in the trial balance. The solution to this error in order to detect this kind of error is to carry out a bank reconciliation frequently by comparing figures on the bank statement to the figures in the company's books.

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Suppose that the weekly price of milk is $3.40 per gallon and MPEP decides to ramp up weekly advertising by 35 percent to $150 (
nadezda [96]

Answer:

Total Cost increase  5,253.4 unit

Explanation:

given data

weekly price a = $3.40 per gallon

ramp up weekly b = 35%

ramp up weekly  upto x = $150( in hundred)

solution

we will use here the regression equation that is

Y = a + b x    ...........................1

here Y is Total Cost and a is fixed cost and  

b is rate of variability and x is level of activity

so here put value in equation 1 we get

Total Cost Y = 3.40 + 0.35 × ( 15,000)

Total Cost  Y = 3.40 + 5,250

Total Cost increase  5,253.4 unit

7 0
3 years ago
What can you tell me about Google's Supply Chain Management ?(10 Marks)
Fiesta28 [93]

Answer:

The answer is below

Explanation:

With suppliers across over 60 countries all around the globe, Google continues to organize its supply chain quite efficiently.

Hence, Google’s supply chain management can be summarized in the following key points:

1. Getting reliable suppliers: Google ensures they work with trustworthy suppliers by conducting robust appraisal based on a variety of factors, such as country-specific risk, product-specific risk, suppliers' past records, supplier relationships, etc.

2. Suppliers code of conducting business: this involves social and environmental responsibility and as well as safe working conditions for suppliers' employees.

3. Effective Management of Suppliers Diversity: Google identifies and supports all forms of suppliers' community, regardless of countries, gender, age, disability status, or even sexual orientation of the suppliers. This implies that Google keeps respecting and valuing the contribution of every associated with its supply chain in any capacity.

4. Promoting Tools and Techniques to Supports Suppliers: Google prioritizes training and energy conservations, cost reductions, and product enhancement, for its suppliers, which contribute to easy access to clean and renewable energy.

6 0
3 years ago
Which industry is the second-largest employer of teens
olasank [31]

Answer:

I. Retail industry

ii. 7%

Explanation:

Retail industry is the second largest employers of teen and young people next to health sector which is the largest employer.

Retailing involves buying goods either from the producers or wholesaler and selling them to the final consumers. Some services are also offered in these retailing such as call center representative, those who work in innovation lab. etc

In the United States, about 7% of teens and young people are in the employment of government , while retail industry is the largest employer of teen and young people because it provides flexibility and also do not involve much academic qualifications.

Example of these retail jobs are those who work in call center, sales representatives and those who works in stores.

5 0
4 years ago
Production of illuminated manuscripts in the monasteries included the work of the _________, who were well-educated scholars fun
finlep [7]

Answer: The correct answer is "scrittori".

Explanation: Production of illuminated manuscripts in the monasteries included the work of the <u>scrittori</u>, who were well-educated scholars functioning as editors and art directors with overall responsibility for manuscripts' design and production.

The scrittori were enlightened people who were very well educated and were responsible for editing and directing the works of art, they were the ones who had to design and produce the manuscripts in the monasteries.

3 0
3 years ago
Why are Management styles so important to an organisation success?.....
jekas [21]

Management styles are important because they effect how well a business runs and operates. Good management, teamwork, and communication make a positive work experience for the employees and a good experience for the customer. Now say that the management has bad communication and teamwork. The business will not run smoothly and customers will be less likely to return, long story short good management= good business and good business= returning customers and returning customers= profit.

6 0
4 years ago
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