Answer:
Net income is overstated by $28,000.
Explanation:
As the company forget to make the adjustment entry it didn't recognize any expense for the expired insurance.
From September to December 31th 4 month of insurance has expired:
42,000 x 4 month/6 months = 28,000 insurance expense
as the expense weren't post the income statement is overstated along with the assets of the company as it doesn't have a prepaid amount for 42,000 but for 14,000
Answer:
$414,000
Explanation:
Calculation of balance of cash account:
Issuance of capital stock to the $648,000
owners of the corporation
Cash down payment for purchase ($170,000)
a piece of lane
Cash payment on the note payable <u>($64,000)</u>
from the purchase of land
Balance in the Cash account $414,000
at the end of May
Answer:
1. forced America to produce goods once imported from England ⇒ Embargo Act of 1807: law passed by Thomas Jefferson that prohibited American ships from trading in foreign ports.
2. non-involvement in world affairs ⇒ isolationism: policy that tries to separate a country from getting involved in foreign disputes or political affairs
3. negotiations between labor and management ⇒ collective bargaining: when employers and workers unions discuss wage increases and other working conditions and benefits
4. Alaskan Purchase ⇒ Seward's Folly: Seward's Folly or Seward's Icebox was the term given to the Alaska purchase deal by its opponents who believed Alaska was worthless.
5. battle of San Juan Hill ⇒ Rough Riders: 1st United States Volunteer Cavalry that were led by Leonard Wood and Theodore Roosevelt in the battle of San Juan.
6. combining of corporations ⇒ consolidation: when two corporations merge into one single company.
7. blown up in Havana harbor ⇒ Maine: In 1898 the USS Maine was blown up and sank in Havana, it started the Spanish - American War.
8. Clermont ⇒ Fulton's Folly: Robert Fulton owned the Clermont (AKA Fulton's Folly) was the first steamboat vessel to be used as a commercial way of transportation.
9. interchangeable parts ⇒ standardized parts: The assembly developed by Henry Ford used interchangeable and standardized parts.
• be early
• do your research
• bring a copy of your resume/portfolio
• be prepared to answer questions and ask important questions
• don’t lie or overshare
• check nonverbal cues (firm handshake, eye contact, smile, good posture, take notes, etc)
• dress appropriately (no jeans, t-shirt, or shorts)
• use a blue or black ink pen
• know your interviewer
• send them thank you note
• be friendly and confident
• watch what you eat (eat a healthy meal before going to your interview)
• be yourself
