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3 years ago

For each error below, indicate:

Business

1 answer:

patriot [66]3 years ago

8 0

Answer:

1. Inventory account will be affected and assertions of accuracy and valuation will be violated.

2. Assets are overstated and assertion classification is violated.

3. Liability is understated and assertions of accuracy is violated.

4. No impact.

Explanation:

Assertions are certain claims of a business which a business must fulfill in order to make its financial statements reliable. A company has to record the expense when it is incurred in order to provide accuracy in valuation. In the given cases the assertions are violated which impact business accounts.

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Samantha's Office Supplies manufactures desk organizers in its Processing Department. Direct materials are included at the incep

Paul [167]

Answer:

Total Costs Transferred Out 906422.4

<em>Difference may be due to rounding .</em>

Explanation:

Samantha's Office Supplies

Equivalent units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Completed and

transferred out 162,000 (100% ) (100% ) 162,000 162,000

WIP,

Normal Spoilage 6,480 (100% ) (100% ) 6,480 6,480

<u>Ending inventory 30,000 (100% ) (25% ) 30,000, 7,500</u>

<u>Accounted For 198,480 198,480 175,980 </u>

Costs: Total Direct materials Conversion costs

WIP, beginning

inventory: 388,000 $ 300,000 88,000

<u>Costs Added 639618 419,832 219,786</u>

Total Costs

To Account for 1027618 719,832 307786

Divided By

Equivalent Units 198,480 175,980

<u>Equivalent Unit Costs 5.38 3.63 1.75 </u>

<u><em>Assignment of Costs </em></u>

Transferred out ( 5.38* 162,000)= 871560

Normal Spoilage (5.38* 6480)<u>= 34862.4</u>

Total Costs Transferred Out 906422.4

Difference may be due to rounding .

5 0

3 years ago

which professionals do interest groups hire to represent them? responses lobbyists lobbyists economists economists journalists j

goldenfox [79]

Option (a) is the best choice. Interest groups pay lobbyists to serve as their representatives.

<h3>What does interest group lobbying entail?</h3>

The act of lobbying is the direct approach taken by a lobbyist to influence public figures to promote the agenda of their clientele. The National Rifle Association is an illustrative lobbying organization. Interest groups are associations of people who get together for the purpose of influencing the government.

<h3>Why would a lobbyist be employed by an interest group?</h3>

Lobbyists are employed by interest groups to sway elected authorities. Access to public figures in all areas of government is sought after by lobbyists. By informing government officials about the interests of their group and engaging in grassroots lobbying, lobbyists attempt to sway policy. Many lobbyists have prior public service experience.

Learn more about Lobbyists: brainly.com/question/509906

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1 year ago

The process by which power is distributed and decisions are made is known as:

notsponge [240]

The answer is D because when u give power to other people for them to make decisions your offering transference. Your transferring decisions to others.<span />

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3 years ago

Oren and pat are parties to a contract for the management of oren's residential rental properties. a dispute arises between them

Vanyuwa [196]

A compromise, or settlement agreement, that arises out of a genuine dispute over the obligations under an existing contract will be recognized at law. The agreement will be substituted as a new contract when there is <span>the agreement by the parties to the new contract </span>and will either expressly revoke and discharge the obligations under the prior contract. It does not require the intervention of the law.

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3 years ago

A ___________ plan gives employees some ability to adjust hours when they work, as long as they work the required number of hour

VMariaS [17]

The correct answer is a flextime plan.

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3 years ago