1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
jonny [76]
3 years ago
7

A​ & D Window Cleaning performed​ $450 of services but has not yet billed customers for the month. If A​ & D fails to re

cord the adjusting​ entry, what is the impact on the financial​ statements?
Business
1 answer:
yanalaym [24]3 years ago
8 0

Answer:

d. balance sheet: assets understated, equity understated income statement: revenues understated

Explanation:

The journal entry would be

Account receivable Dr $450

          To sales revenue $450

(Being sales revenue is recorded)

Here the account receivable is debited as it increased the assets and credited the sales revenue as it also increased the revenue also the equity would be increased

Therefore if this entry is not recorded so the revenue, net income, assets and equity all are overstated

hence, the correct option is d.

You might be interested in
UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH count
Assoli18 [71]

Answer:

730 items

Explanation:

The objective of the given information is to determine the number of hamburgers UAHH should order for the following conditions:

Average daily demand 600

Standard deviation of demand 100

Desired service probability 99%

Hamburger inventory 800

The formula for a given order quantity in a fixed period of time can be expressed as :

q = \overline d(L+T)+ z \sigma_{L+T}-I

where;

q =  order quantity = ???

\overline d = daily demand average = 600

L = lead time in days = 1

T = time taken = 1

z = no of standard deviation = ???

\sigma_{L+T} = standard deviation of usage in lead time and time taken = ???

I = present inventory level = 800

\sigma_{L+T} = \sqrt 2 × standard deviation of daily demand

\sigma_{L+T} = \sqrt{2} *100

\sigma_{L+T} = 1.4142 * 100

\sigma_{L+T} = 141.42 items

From the Desired service probability 99% = 0.99; we can deduce the no of standard deviation by using the excel function (=NORMSINV (0.99))

z = 2.33

From q = \overline d(L+T)+ z \sigma_{L+T}-I

q =600(1+1)+ 2.33*(141.42)-800

q =600(2)+ 2.33*(141.42)-800

q =1200+329.5086-800

q = 729.5086 items

q ≅ 730 items

Therefore; the  number of hamburgers UAHH should order from the following given conditions = 730 items

6 0
3 years ago
___________ typically refers to the promotion and sale of different versions of a media product across the various subsidiaries
Gelneren [198K]

Answer: Synergy

Explanation:

Synergy is described as the intercommunication in between two or more entities in order to construct a collaborative effect. This effect is known to be greater than the effort that would have be in place , if they were acting alone. In comparison to the cross media concurrence, the synergy takes place when the media commodity is being advertised across the other platforms. Example, a commodity being promoted in a movie.

5 0
3 years ago
You consider buying a share of stock at a price of $25. The stock is expected to pay a dividend of $1 next year, and your adviso
nikklg [1K]

Answer:

5%

Explanation:

stock's Alpha = R - Rf - beta (Rm - Rf)

  • R represents the stock's return = $6/$25 = 24%
  • Rf = 6%
  • Beta = 1.3
  • Rm = 16%

Alpha = 0.24 - 0.06 - 1.3 (0.1) = 0.24 - 0.06 - 0.13 = 0.24 - 0.19 = 0.05 = 5%

A stock's Alpha is basically the excess return that the stock yields compared to an specific benchmark, e.g. S&P 500, Dow Jones.

4 0
3 years ago
All of the following are conducive to economic growth except
zysi [14]

Answer:

B. an unfavorable balance of trade and payments

Explanation:

  • The BOP or the balance of trade is defined as the net gains or net exports that make the balance of payments and is said to be favorable when the country export more and imports less and is a positive change.
  • It is said to be negative when the country imports more and exports less thus unfavorable in terms of the trade and payments.
  • <u>Hence it means that the country has a deficit and this can impact the services and is not good for the economic growth perspective.</u>
6 0
3 years ago
Why is it important for a partnership agreement to spell out managerial responsibilities and financial arrangements?
alina1380 [7]
It is important so no one in the agreement screws the other person over
5 0
4 years ago
Other questions:
  • Can anyone please tell me the right answer
    9·1 answer
  • A local electricity - generating company has a monopoly that is protected by an entry barrier that takes the form of:________. a
    8·1 answer
  • Rebecca would like to set up an account to supplement her parents' retirement income for the next 15 years.
    7·1 answer
  • Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. One em
    15·1 answer
  • Which of these is a service?<br> A. A car<br> B. Insurance coverage<br> C. Milkshakes<br> D. A bike
    14·2 answers
  • One of the reasons why cash flow analysis is popular is because ________.
    13·1 answer
  • Assume you had invested $1,000 in a lawn mower to set up a lawn mowing business for the summer. During the first week, you could
    13·1 answer
  • Causes of low economic growth
    6·2 answers
  • Gross domestic product (GDP) may be calculated as the sum of ______. Multiple choice question. exports and imports only consumer
    9·1 answer
  • Why do marketers segment their markets and what are the basic criteria for doing so successfully?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!