Answer: The correct answer is A). Net income is overstated.
Explanation: Net income is equal to Income less expenses. When an accrued expense is not recognised it results in an understated expense which in turn leads to an overstated net income.
Wages payable is a liability. An omission of such a liability means that wages expenses is also omitted.
Answer: Core competency.
Explanation:
The core competency of a company are those qualities that a company develops overtime that makes it have a comparative advantage over it's competitors in its market. The core competency of a company is the quality that company is known for by consumers and it is very hard to imitate.
Answer: This is an example of<em><u> "paid display" </u></em>type of Internet advertising
Paid display or pay-per-click advertising, is an effortless, inexpensive way to compass the right masses.
Here, When Phil clicked on the ad, it took him to a different website where the skateboards were listed for sale. Thus targeting the right audience with right ad.
Answer:
$90,000
Explanation:
We could allocate assembly overhead on the basis of the parts used in the assembly process:
wheels ⇒ 300,000 x 2 parts = 600,000 parts
<u>seats ⇒ 600,000 x 3 parts = 1,800,000 parts</u>
total parts assembled 2,400,000 parts
overhead costs per part assembled = $360,000 / 2,400,000 parts = $0.15 per part
so the overhead allocated to wheels should be = 600,000 parts x $0.15 per part = $90,000
