Hardware failure is the least likely of threats to one's data. <br><br> a. True <br><br> b. False

Carol's car was hit while it was parked. Carol calls A-1 Towing, tells the dispatcher the car needs to be towed, and gives her l

Tom [10]

Answer:

3) owes the company for towing her car under an implied contract

Explanation:

An implied contract is formed when both parties mutually agree to a contract without necessarily having a signed written contract. In this case, Carl called the towing company and requested the service, so she agreed to her car being towed and therefore must pay for the services.

8 0

3 years ago

Auditors are required to communicate with the audit committee for all but which of the following: Group of answer choices Critic

Margaret [11]

Auditors would comunicate with the audit committee for critical accounting practices including the significant accounting policies and practices for evaluating certain evidences related to the transaction.

Some of the other communications made to audit committee should be an overall audit strategy with time of the audit and significant risks involved for assessing risks and procedures regarding the transaction.

Auditors are required to solve the financial accounting problems and are not accountable for unusual insignificant transactions and procedures and policies.

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5 0

2 years ago

Michael's, Inc., just paid $1.90 to its shareholders as the annual dividend. Simultaneously, the company announced that future d

sergij07 [2.7K]

Answer:

$44.18

Explanation:

The price can be easily calculated by the simple formula,

Price of stock = Dividend / (rate of return - growth of dividend)

Hence,

Price of stock = 1.90 / (0.085 - 0.042)

Price of stock = $44.18.

Hope you understand this simple equation

Thanks buddy.

6 0

3 years ago

The December 31, 2021, inventory of Tog Company, based on a physical count, was determined to be $467,000. Included in that coun

8090 [49]

Answer:

Tog Company

a. The correct December 31, 2021 balance of Inventory is

= $592,500.

b. The error increased the cost of goods sold, thereby reducing the net income and the retained earnings.

c. Journal Entries to correct errors:

Debit 2021 Inventory $67,000

Credit 2022 Inventory $67,000

To correct the error.

December 31, 2021

Debit Purchase $97,000

Credit Accounts Payable $97,000

To record the purchase of merchandise, shipped FOB shipping point on December 28, 2021.

Explanation:

a) Data and Calculations:

Physical count Inventory = $467,000

FOB shipping point 2021 = 28,500

December 28 FOB shipping point = 97,000

December 31, 2021 balance = $592,500

The error would increase the cost of goods sold, thereby reducing the net income and the retained earnings.

Journal Entries to correct errors:

December 31, 2021

a. 2021 Inventory $67,000 2022 Inventory $67,000. The records should be for 2021 and not 2022.

b. This only affects the physical count and not the records.

c. Purchase $97,000 Accounts Payable $97,000. Both the physical count and the records were omitted.

4 0

3 years ago

Write down the procedures of how to operate any three peripheral devices that you have identified.

Cloud [144]

There are many devices that are three peripherals, however I have listed down three of them.

Computer

Gaming Console

Scanner

<h3 /><h3>What is a Device? </h3>

A device is a method to ease the work that is done manually, mostly this word i.e device is used for the electronic machines invented by great scientists.

In three peripheral devices there are three stages of processing as 1. Input 2. Storage 3. Output.

In all the three devices identified, there are three stages.

A computer can be used to input data, it also stores it and not only this but computer also displays the output on the screen.

A Gaming Console also can be used to Input data such as the character can be developed, games installed which will be stored and then output is provided by playing the game with the character.

Scanner also stores the data that is already inputted also it gives the output projected to the computer screen.

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4 0

1 year ago

Hardware failure is the least likely of threats to one's data. a. True b. False