1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lakkis [162]
3 years ago
7

Q 4.13: salaries and wages expense should have been accrued on december 31st, but the entry was not made. the result of this ove

rsight is that
Business
1 answer:
Shkiper50 [21]3 years ago
6 0
The answer to the given situation is "the result of this oversight is that the liabilities are understated".
We can define understated as if someone say to you that your account is understated, it means that either the amount is incorrect or the amount is too small or it is less than the actual or true amount. In the given case the entry was not made due the understatement of liabilities.
You might be interested in
The strategic performance evaluation does not monitor the activities of external sources of marketing assistance.
Sever21 [200]
That statement is false
Strategic performance evaluation monitors all activities that could influence company's productivity, including the external sources.
In fact, external sources could contribute greately in company's performance. For example, Government could suddenly lower tax-rate for trading with a neighboring country where company obtain most of its raw material.
8 0
3 years ago
You have been working as an assistant manager in Mimi and Jasmine's (M&J) warehouse. M&J is an innovative cosmetics comp
miskamm [114]
Whatas the question i work at chilis so im a genius at servers answers with the needed things and idk where im going i hate my job and life but like besides the pioint wheres the question
7 0
3 years ago
How was everyone's day?
RUDIKE [14]
It was good, I just despise homework
3 0
2 years ago
Read 2 more answers
All of the following are true regarding annuities, except: A They are similar to life insurance B They are designed to protect a
Arada [10]

Answer:They can liquidate an estate.

Explanation: Annuities are contracts between a person and an insurance company following a future endeavors,the future endeavors can include lifetime income,future projects etc. Annuities are contracts which have been around for a long time now,they are similar to life insurance. Annuities can not liquidate estates,they are protected against outliving a person's income.

Annuities became very popular during the great depression in the United States of America,when the value of stocks dropped drastically.

7 0
2 years ago
EB3.
kondaur [170]

Answer:

Their net operating income for the year was $39,628

Explanation:

Flip or Flop's net operating income for the year = Gross revenue - Cost of Goods Sold - Operating expenses

Their Cost of Goods Sold (COGS) was 21% of gross revenue, therefore:

Cost of Goods Sold = 21% x $93,200 = $19,572

The company has operating expenses for this same period of $34,000.

Net operating income for the year = $93,200 - $19,572 - $34,000 = $39,628

7 0
3 years ago
Other questions:
  • If real GDP declines in a given year, nominal GDP _____. rev: 04_09_2018 Multiple Choice must also be increasing may either rise
    8·1 answer
  • 9. What are two reasons someone might purposely choose a HIGHER monthly payment?
    10·2 answers
  • Although maybelline would like to use ____ as a consumer sales promotion method, this method has extremely high labor costs that
    12·1 answer
  • "A drink costs 2 dollars. A taco costs 3 dollars. Given the number of each, compute total cost and assign totalCost with the res
    12·1 answer
  • A study by the National Park Service revealed that 50 percent of vacationers going to the Rocky Mountain region visit Yellowston
    5·1 answer
  • For the statements below select the appropriate terms from the given choices. 1. A revenue not yet recognized; collected in adva
    11·1 answer
  • In Exodus, Chapter 20, the Lord, having presented himself as a thick cloud, seals the covenant by giving the Israelites a. the T
    14·1 answer
  • An income statement shows the
    13·1 answer
  • Select the correct answer.
    15·1 answer
  • Determine Cost of Land Four Corners Delivery Company acquired an adjacent lot to construct a new warehouse, paying $200,000 and
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!