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pashok25 [27]
3 years ago
8

Consider Emily's balance statement:

Business
2 answers:
notsponge [240]3 years ago
8 0

Answer:

see below

Explanation:

A balance sheet is prepared following the accounting principles of assets equal to liabilities plus equity. Assets are left side while equity and liabilities on the other.

Assets are valuable that a business owns. Liabilities refer to the debts or loans of the business. It is what the business owes others. Equity is the owner's contribution to the business.

In this balance sheet,  Emily has confused assets and liabilities.

The column labeled as liabilities represents assets. She should change that. This column should be the topmost column.  She has interchanged the labels for liabilities and assets. The difference between assets and liabilities should be equity.

Nadya [2.5K]3 years ago
6 0

Answer:

Emily has mixed up the assets and liabilities. All the cells under “assets” are really liabilities and vice versa.

Explanation:

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ioda

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Answer letter C.

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6 0
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Bandar Industries Berhad of Malaysia manufactures sporting equipment. One of the company’s products, a football helmet for the N
Alik [6]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

During the quarter ending June 30, the company manufactured 3,700 helmets, using 2,368 kilograms of plastic. The plastic cost the company $15,629. According to the standard cost card, each helmet should require 0.56 kilograms of plastic, for $7.00 per kilogram.

A) Standard quantity.

SQ= 0.56kg * 3,700 helmets= 2,072 kg el plastic.

B) Standard cost.

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C) Material spending variance.

MSvariance= real cost - estimated cost=  15,629 - 14,504= $1,125 unfavorable

D)

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5 0
3 years ago
Political campaigns that operate at a local level and use face-to-face communication to generate interest and momentum by citize
marishachu [46]
<span>Grassroots politics is a political campaigns works the way it uses face to face communications by citizens to gain interest and momentum.</span>
5 0
3 years ago
International Food Services (IFS) has a contract with the Marines to supply meals for its troops in Afghanistan and other foreig
andrezito [222]

Answer:

C, the board of directors of IFS

Explanation:

The board of the IFS is ultimately responsible for the corporate climate that resulted in the use of substandard ingredients in the meals meant for the troops.

This is because the directors are the ones at the helm of affairs and they decide what happens in the IFS. This means that at least one of the directors is aware of the use of substandard ingredients . It can be said that if one knows, all other know. This phrase convieniently indicts the directors.

Cheers.

4 0
2 years ago
g On June 30, the value of the account is 157.50. On December 31, the value of the account is X. Using the time weighted method,
irga5000 [103]

Answer:

236.23

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The computation of X is shown below:-

As per the time-weighted method

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= (40 ÷ 50) × (80 ÷ 60) × (157.50 ÷ 160) - 1

= 5%

Annual equivalent = (1.05)^2 - 1

= 10.25%

1 - year yield = (40 ÷ 50) × (80 ÷ 60) × (175 ÷ 160) × (X ÷ 250) - 1

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Therefore on December 31st the value of account of X = 236.25

4 0
3 years ago
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