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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.
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When the owner of a small business started the company, she spent time identifying goals, managing resources, and determining th
Kobotan [32]

Based on the actions of the small business owner to identify goals amongst others, the decisions were about <u>strategy</u>.

<h3>What are strategic decisions about?</h3>

The strategic decisions of a company are those that are meant to ensure the company meets its goals.

To do this, the goals would need to be determined and then a plan needs to be made to show how company resources can be used to achieve those goals.

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8 0
2 years ago
To be valid and enforceable, insurance contracts must meet which general legal requirements?
liq [111]

Answer and explanation:

There are four (4) legal requirements insurance contracts must meet to be considered valid and enforceable: <em>the contract must have a </em><em>legal purpose</em><em>; both parties must have l</em><em>egal capacity</em><em> to sign the contract; both parties must show proof that they </em><em>agreed in the terms</em><em> (benefits and obligations) of the contract; </em>and<em>, there must be a </em><em>payment agreement</em><em> for the services to be rendered</em>.

5 0
3 years ago
When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to
Natali [406]

The nation’s <u>deficit rose </u>greatly as<u> inflation</u> and <u>unemployment</u> <u>fell</u> was an economic concern that was related to the achievement described in the passage.

<h3>What were the economic concerns in the passage? </h3>

The passage explains that with the fall in tax revenue of the government and higher spending on<u> employment programs</u>, the federal deficit started to rise.

However, after some years, it could be seen that many businesses gained growth from government spending and created jobs with decreasing inflation rates.

Learn more about economic concerns here:

brainly.com/question/10203871

4 0
1 year ago
Gloria is opening an upscale women's clothing store in a growing suburban residential area. gloria knows her target market is up
BartSMP [9]
I had to look for the options and here is my answer:

Based on the scenario above about Gloria opening a women's clothing store, she will most likely utilize <span>real estate values by subdivision as the premise for aiming her market since she cannot afford to buy a PRIZM or Tapestry analysis. </span>
5 0
2 years ago
During August 2018​, Bingham Company recorded the​ following: bullet Sales of $ 68 comma 900 ​($ 55 comma 000 on​ account; $ 13
Paraphin [41]

Answer:

Explanation:

Direct Method  

Aug

a

Dr Accounts Receivable 55,000

Dr Cash 13,900

   Cr Sales  68,900

b

Dr Cash 45,100

    Cr Accounts Receivable  45,100

c

Dr Bad Debt Expense 1,680

    Cr Accounts Receivable  1,680

d

Dr Accounts Receivable 300

    Cr Bad Debt Expense  300

Dr Cash 300  

   Cr Accounts Receivable  300

Allowance Method  

a

Dr Accounts Receivable 55,000

Dr Cash 13,900  

    Cr Sales  68,900

b

Dr Cash 45,100

    Cr Accounts Receivable  45,100

c

Dr Allowance for Doubtful debts 1,680  

   Cr Accounts Receivable      1,680

d

Dr Accounts Receivable 300  

   Cr Allowance for Doubtful debts  300

Dr Cash 300  

    Cr Accounts Receivable 300

8 0
3 years ago
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