LLC i think that’s the answer
Answer:
Megan Company
Analysis of Error and Indication of its effect on 2013 and 2014 Net Income, Assets, and Liabilities:
Net Income Assets Liabilities
2013 2014 2013 2014 2013 2014
1. O O
2. O U U
3. U O U
4. O U U
5. O U U
6. U O
7. U U
Explanation:
a) Data and Calculations:
Codes to indicate the effect of each dollar amount: O = overstated, U = understated, and NE = no effect.
The overstatement of Net Income happens when an expense incurred is not recorded in the affected period or a revenue not earned is recognized in the wrong period. For instance, when depreciation expense for 2013 is not recorded in 2013, the net income is overstated. We cannot assume that the error is corrected in 2014, according to this question.
Complete/Correct Question:
If a firm is evaluating two possible projects, both of which require the use of the same production facilities, and taking one project means that we cannot take the other, these projects would be considered ___.
A. Mutually exclusive
B. Interdependent
C. Independent
D. Co-dependent
Answer:
A, Mutually exclusive
Explanation:
When two events are impossible to come together or coincide, the events are called a mutually exclusive event.
In simple terms, a mutually exclusive event is one that stands alone. No other event can go alongside it.
Just like in the question, since the two projects require the use of the same production facilities, only one project can be taken up at once. This makes each of the products mutually exclusive and means that one project has to go for the other project to happen.
Cheers.
Answer:
healthcare.
Explanation:
well she's in the hospital and it's considered healthcare, I think. I need a bit more info on what this is.
Answer:
C. because it does not produce enough oil.
Explanation:
Although, the United States is one of the leading producers of oil, yet still import oil because it does not produce enough oil to meet the demand of its citizens. In other words, the United States consumes more than what she can produce.
Another reason is that most refineries in the United State are created basically for heavy crude whereas most of what she produce are light crude oil. The United States import the oil she is able to process while she export to other countries to complete the setup process.
The remedy to the above situation is when new refineries are built which are somewhat expensive or the existing refineries are upgraded to meet with the demand.
