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strojnjashka [21]
3 years ago
8

Marigold Inc. reported total assets of $2391000 and net income of $318000 for the current year. Marigold determined that invento

ry was overstated by $23500 at the beginning of the year (this was not corrected). Ignoring income taxes, what is the corrected amount for total assets and net income for the year
Business
1 answer:
Artist 52 [7]3 years ago
7 0

Answer:

Total Assets = $2391000

Net Income = $318000

Explanation:

The corrected amount for total assets and net income for the year :

Total Assets = $2391000

Net Income = $318000

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Which of the following statements is false about the order in which management determines the sequencing of support department a
GaryK [48]

Answer: A. Departments with more employees are allocated earlier.

Explanation:

In the sequential method, it should be noted that a company allocates the service costs one department at a time. Once the service department cost is allocated by the accountants, the department won't get any other costs from the other service departments.

The statement that is false about the order in which management determines the sequencing of support department allocations under the sequential method of allocating support department costs to production departments is that the departments with more employees are allocated earlier.

Under the sequential method, the department costs that are allocated earlier include having an accurate cost drivers, having a higher cost, or having a large number of support.

4 0
3 years ago
Entrepreneurship can be very challenging. Which is not a typical challenge of being an entrepreneur?
lord [1]

Answer:

<u>Financial reward</u> is not a typical challenge

Explanation:

3 0
3 years ago
______ refers to changes in behavior, cognitions, values, language, cultural activities, personal relational styles, and beliefs
sergeinik [125]

Answer:

2. acculturation

Explanation:

Acculturation -

It is process where the cultural , psychological and social changes are balanced between any two cultures , which adapting the prevailing  one in the society , in  referred to as acculturation.

In this method , the people adapts to a particular new culture of the society.

In order to learn and adapt and live along with the society .

The people actively tries to adapt to the new prevailing culture by increasing participation.

Hence , from the given information of the question,

The correct term is acculturation.

3 0
3 years ago
Which of the following statements is TRUE?
natita [175]

Answer:

B. Mutual funds are actively managed while index funds are

passively managed.

Explanation:

Both mutual funds and Index funds are both portfolio investment Instruments. They comprise of a basket of stocks as opposed to single equity.

A professional manager manages a mutual fund. The manager uses different analytical tools to select the stocks to be included in the portfolio carefully.  Index funds track the prices of the underlying Index.  Index funds can be mutual funds or exchange-traded fund ETF such as the S&P 500. Index funds are passively managed.

Mutual funds will attract a higher commission than index funds to cater for the funds' manager's fee.

5 0
3 years ago
discuss the costs and benefits associated with statistical versus judgmental forecasts for labor supply. under what condition mi
patriot [66]

Answer:

The two methods used to forecasting labor demand and supply are: Statistical Method and Judgmental Method.

The Statistical method collects previous historic data regarding company's demand and supply for qualified employees and provides forecasting for the particular period. It is feasible when other factors remain same in the organisation. It is not feasible when the organisation changes its objectives, mission and vision etc

<u>Cost and Benefit</u>

It prevents future shortage of qualified employees

It avoids disruption over operation

The Judgmental method is when the company follow judgmental method, that is it is based on manager's experience of conducting survey to estimate employees requirements on future operation.

It is feasible for small and medium size organisation for short term forecast. It

<u>Cost and Benefit</u>

It avoids short-run shortage of employees

It avoids short-run surplus of employees.

8 0
3 years ago
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