Persistence is Group of answer choices

The failure to record a purchase of mer chandise on account even though the goods are properly included in the physical inven to

xeze [42]

Answer: D. an understatement of expenses and an overstatement of owners' equity

Explanation:

If a purchase of merchandise was not recorded, it would mean that Purchases being <u>an expense</u> that contributes to the Cost of Goods sold would be understated.

This understatement would mean that the the Net income is overstated because the purchase expenses were never deducted from it. Net Income is part of owners' equity so if it is overstated, so is owners' equity .

6 0

3 years ago

Government-wide financial statements include which of the following?

Vsevolod [243]

Answer:

C. Statement of Net Position and Statement of Activities.

7 0

3 years ago

Johnson Production Company paid a dividend yesterday of $3.50 per share. The dividend is expected to grow at a constant rate of

lara [203]

Answer:

correct option is a. 19.63%

Explanation:

given data

dividend = $3.50 per share

constant rate = 10% per year

common stock = $40 per share

flotation costs = $4 per share

solution

we know formula that is

cost of retained earnings = $\frac{Dividend}{Current price}$ + Growth rate

we will ignored Flotation costs in this case

so it will be = $\frac{3.5 * 1+0.1}{40}$ + 0.1

= 19.63 %

so correct option is a. 19.63%

5 0

3 years ago

An economy has 100 people divided among the following groups: 25 have full-time jobs, 20 part-time jobs, 5 has two part-time job

Svet_ta [14]

Answer:

a. Labour Force = 70 people

Labour Force Participation Rate = 87.5%

b. Unemployed = 60 people

Unemployed Rate = 85.7 %

c. Total Employment

By Household Survey = 60 people

By Establishment Survey = 65 people

Explanation:

Given

Total number of People = 100

Full time = 25

Part time = 20

2 part time jobs = 5

Looking for job = 10

Not looking for job = 10

Business owners = 10

Retired = 10

Children = 10

a.

Labour Force = Total people in the economy - (Retired + Children + Not looking for job)

Labour Force = 100 - (10 + 10 + 10)

Labour Force = 100 - 30

Labour Force = 70 People

Labour Force Participation Rate is calculated by dividing the number of people actively participating in the labor force by the total number of people eligible to participate in the labor force

Number of active participant = Labour Force = 70

Number of eligible participants = 70 + 10 (discourage workers not looking for job)

Number of eligible participants = 80

Labour Force Participation Rate = 70/80

Labour Force Participation Rate = 0.875

Labour Force Participation Rate = 87.5%

b.

Unemployed People = Labour Force - 10 (people looking for job)

Unemployed People = 70 - 10

Unemployed People = 60 people

Unemployed Rate = Unemployed People/ Labour Force

Unemployed Rate = 60/70

Unemployed Rate = 0.857

Unemployed Rate = 85.7%

c.

Total Employment

I. Using Household Survey

Here, the number of people with source of income is counted

Total = Full-time +. Part time + 2 part time jobs + business owners

Total = 25 + 20 + 5 + 10

Total = 60 people

Ii. Using Establishment Survey

Here the number of jobs is counted. So, those with 2 part time job owners are counted as 5 * 2 jobs = 10

Total = Full-time +. Part time + 2 part time jobs + business owners

Total = 25 + 20 + 10 + 10

Total = 65 People

4 0

3 years ago

Closing entries are journalized and posted:_______.

Gnoma [55]

Answer:

The correct answer is letter "B": after the financial statements are prepared.

Explanation:

A closing entry is a journal entry after the preparation of the financial statements, at the end of an accounting period. This closes a temporary account and moves all the information either to a permanent balance sheet or to the income statement. Temporary accounts include revenue, expenses, and dividends and must be closed at the end of the year.

6 0

3 years ago