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bonufazy [111]
3 years ago
10

Match each situation below to two applicable reasons that require an adjustment to be made.

Business
1 answer:
____ [38]3 years ago
4 0

1) A. C.

2) A. E.

3) B. C.

4) B. F.

5) A. E.

6) A. C.

7) B. F.

8) B. C.

Explanation:

1) Delta Airlines provided flights this month for customers who paid cash last month for tickets. Revenue has been earned. Liability has been incurred.

2) GSD+M completed work on an advertising campaign that will be collected next month. Revenue has been earned. Asset has been acquired.

3) Abercrombie received a telephone bill for services this month, which must be paid next month. Expense has been incurred. Liability has been incurred.

4) The Tiger Woods Foundation used up some of the benefits of its 35,000-square-foot building. Expense has been incurred. Asset has been used up.

5) IBM completed a consulting project for the CDC to simulate the spread of contagious viruses and will be paid next month. Revenue has been earned. Asset has been acquired.

6) This month Apple, Inc. redeemed iTunes gift cards that had been issued last month. Revenue has been earned. Liability has been incurred.

7) Schutt Sports used up some of the benefits of its football helmet manufacturing equipment. Expense has been incurred. Asset has been used up.

8) Procter & Gamble received a bill for this months advertising services, which it will pay next month. Expense has been incurred. Liability has been incurred.

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Why do people use impression management?
Jlenok [28]

Answer:

Letter B is correct. They are sensitive about how others see them.

Explanation:

Impression management is a psychological and sociological technique that people consciously or unconsciously use to make a predetermined impression of themselves in a self-presentation. This technique is used to influence one person's perception of another, behaviors are predetermined, information about oneself can be omitted or maximized to achieve the goal of controlling and impressing a social interaction.

3 0
3 years ago
Consider two markets: the market for coffee and the market for hot cocoa·The initial equilibrium for both markets is the same, t
den301095 [7]

Answer:

The elasticity of supply for hot cocoa is 1.43.

(D) Supply in the market for coffee is less elastic than supply in the market for hot cocoa

Explanation:

Using the midpoint formula,

Elasticity of supply for hot cocoa = (change in quantity supplied/average quantity supplied) ÷ (change in price/average price)

change in quantity supplied = 101 - 31 = 70

average quantity supplied = (101+31)/2 = 66

70/66 = 1.06

change in price = 9.75 - 4.5 = 5.25

average price = (9.75+4.5)/2 = 7.125

5.25/7.125 = 0.74

Elasticity of supply for hot cocoa = 1.06 ÷ 0.74 = 1.43. The supply for hot cocoa is elastic because the elasticity of supply is greater than 1.

Elasticity of supply for coffee = (73 - 31)/(73+31)/2 ÷ 0.74 = 42/52 ÷ 0.74 = 0.81 ÷ 0.74 = 1.09. The supply for coffee is elastic because the elasticity of supply is greater than 1.

However, supply in the market for coffee is less elastic than supply in the market for hot cocoa because the elasticity of supply for coffee is less than that of hot coffee.

7 0
4 years ago
The sticky-price theory of the short-run aggregate supply curve says that if the price level rises by 5% while firms were expect
Ne4ueva [31]

Answer:

<u>to keep their prices the same</u>

Explanation:

Remember, having a higher Menu cost implies that such a firm would suffer more if it adjusted its prices.

So the sticky-price theory makes the assumption that a firm that notices an increase in the prices of their products would <em>keep their prices low</em> out of fear that doing so would result in losses for the firm if demand changes negatively.

4 0
3 years ago
Acc 450 when financial statements are affected by a material departure from generally accepted accounting principles, the audito
elixir [45]

Acc 450 when financial statements are affected by a material departure from generally accepted accounting principles, the auditors should Issue an "except for" qualification or an adverse opinion.

When auditors were unable to gather sufficient appropriate audit evidence on specific matters and their impact was material but not pervasive, a qualified opinion was also offered. Auditors typically provide a qualified opinion by stating that, with the exception of particular transactions or balances, or circumstances, the financial statements are free of major misstatements.

To describe the nature and circumstances that led auditors to modify their view in the audit report, a reason for adverse opinion paragraph must be added as a distinct paragraph to an adverse audit report.

The balance sheet and income statement, as well as each of their individual line items, would alter if the financial statements adhered to appropriate accounting rules, according to a basis for unfavourable opinion paragraph.

Learn more about Financial statements here brainly.com/question/16479401

#SPJ4

4 0
2 years ago
James Smith has worked for Perfect Transmission Installers for eight years. His annual base salary is $52,000. For overtime hour
lesya692 [45]

Answer:

=$5,533.33

Explanation:

James took four weeks of paid leave. It means earned his salary but missed out on overtime earnings.

His hourly pay is $25; overtime pay will be $50 per hour

Monthly qualifying income is similar to average monthly income. The term is used mostly in credit assessments.

regular monthly income for James equal to yearly pay divide by 12 months

=$52,000/12

=4,333.333

Overpay income

6 hours per week x 4 weeks per month x $50 per hour

=6 x 4 x $50

=24 x $50

=$1200

Monthly qualifying income = 4,333.33 + 1200.00

=$5,533.33

3 0
3 years ago
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