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8090 [49]
3 years ago
13

Andrew Clark Company discovered the following errors made in January 2017.

Business
1 answer:
Gala2k [10]3 years ago
4 0

Solution :

Correcting the errors by reversing the incorrect entry and then preparing the correct entry :

<u>Sl. No. </u>    <u>Description</u>                                        <u> Debit</u>             <u>Credit</u>

1.           Cash                                                    $600

             Equipment                                                                   $600

             Salary and wages                                 $600

              Cash                                                                          $600

2.            Service revenue                                   $450

               Cash                                                                         $450

               Cash                                                    $4500

              Account receivable                                                    $4500

3.            Accounts payable                                   $250

              Equipment                                                                   $250

             Equipment                                                $520

                Accounts payable                                                      $520

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Bramble Corp. expects to purchase $110000 of materials in July and $130000 of materials in August. Three-fourths of all purchase
zlopas [31]

Answer:

$125,000

Explanation:

<em>August's cash disbursements for materials purchases wiill be:</em>

= July month purchase paid amount + August month purchase paid amount

= ($110,000 * 25%) + ($130,000 * 75%)

= $27,500 + $97,500

= $125,000

6 0
3 years ago
Marketers describe the way a consumer processes information to arrive at brand choices as ________.
myrzilka [38]

Alternative evaluation is what Marketers characteristic the way the consumer make information to arrive at brand choices as alternative evaluation.  After buying a product, the consumer will be satisfied or dissatisfied and will engage in post purchase behaviour. The relationship between the consumer's expectations and the product's perceived performance determines whether the buyer is satisfied or dissatisfied with a purchase.

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4 years ago
Internal rate of return method The internal rate of return method is used by Testerman Construction Co. in analyzing a capital e
Eddi Din [679]

Answer:

Testerman Construction Co.

Internal rate of return method in analyzing capital expenditure:

Present value of expenditure = $149,630

Present of cash inflows annuity = $149,630 (using 20% discount rate and present value annuity factor of 3.3251 x $45,000)

NPV = $0 (PV of cash outflow - PV of cash inflow)

Therefore, the IRR = 20%

Explanation:

a) Data and Calculations:

Investment cost = $149,630

Annual net cash flows = $45,000

Investment period = 6 years

Annuity of future cash flows = 3.3251

b) Testerman’s IRR (Internal Rate of Return) is a capital budgeting and analysis tool which determines the discount rate that makes the present value of future inflows equal to the present value of outflows from a project.  This IRR helps the managers to determine the projects that add value and are worth undertaking.  IRR is based on assumptions.  Similar projects with the same IRR will differ in returns due to the differences in timing and the size of the cash, the amount of debts and equity used  to generate the returns, and the assumption of a constant reinvestment may which IRR makes.

7 0
3 years ago
Drawing district boundaries to deliberately benefit a candidate or party is an example of:______.
Hunter-Best [27]

Drawing district boundaries to deliberately benefit a candidate or party is an example of Gerrymandering.

Gerrymandering is the practice of drawing electoral district boundaries in a way that gives one political party an unfair advantage over its rivals (political or partisan gerrymandering) or dilutes the voting power of members of ethnic or linguistic minority groups in the United States (racial gerrymandering). A fundamental objection to gerrymandering in general is that it tends to violate two tenets of electoral apportionment: compactness and equality of constituency size.

Gerrymandering can be used to protect incumbents as well. According to Wayne Dawkins, politicians choose their voters rather than voters choosing their politicians. Gerrymandering has a negative connotation, and it is almost always regarded as a corruption of the democratic process.

Learn more about gerrymandering here:

brainly.com/question/17346046

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7 0
2 years ago
Use figure 3.4 to answer the following: if the cost of gasoline increased from $3.00 per gallon to $4.00 per gallon and the quan
Charra [1.4K]

I think the most appropriate answer would be "inelastic demand". As the demand doesn't decrease significantly high and the cost of gasoline doesn't increase significantly increase that high.

(Inelastic demand is the the demand of a product does not changes too much/vigorously, as compared to elastic demand.)

I hope it helped you!

8 0
3 years ago
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