The failure to properly record an adjusting entry to accrue an expense will result in an understatement of expenses and an understatement of liabilities. This is further explained below.
<h3>What are expenses?</h3>
Generally, expenses are simply defined as what it would take or what it would cost to do anything.
In conclusion, Incorrectly recording an accrual adjustment entry will result in a misstatement of both costs and liabilities.
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Answer:
$332.26
Explanation:
The amount to be invested today is known as the Principle Value. We discount the future cash flows using the effective interest rate to arrive at the Principle Value.
Using a financial calculator, we can determine the Principle Value (PV) simply as follows :
PV = ??
PMT = - $100
P/YR = 1
I = 2 %
FV = $1,500
N = 10
This gives a PV of ($332.26)
therefore,
$332.26 should be deposited now to meet the goals.
Answer: Switching cost
Explanation:The cost incurred by consumers while switching from one product to another or from one brand to another is called switching cost. Generally it is monetary but could also be psychological or effort and time based.
In the given case, the company is charging its customers if they cancel their contract earlier. Such cancellation means they are switching to some other company.
Thus, we can conclude that the correct option is E.
Answer:
The answer is: A) the secondary market; prospectus
Explanation:
Secondary market refers to the stock exchange where investors buy and sell securities that they already possess. The secondary market is what most people think about when they refer to a stock market. A primary market only sells stocks that are being issued for the first time, like an IPO.
The prospectus of a company is a legal document provided by public companies or mutual funds that include information about the company's strategies, financial statements and top management's background.
Answer:
4. avoid faulty cause/effect claims.
Explanation:
