All categories

3 years ago

The following errors occurred in posting from a two-column journal:

Business

1 answer:

Viefleur [7K]3 years ago

7 0

Answer:

Please find attached solution to the above question

Explanation:

Please find attached solution to the above - a and b

Regarding the error 6,

• The $830 gained increased to accounts payable, hence must be deducted from accounts payable.

• Again, debit $830 for recording the payment.

You might be interested in

Which potential stakeholders are a list in Proctor and Gamble’s purpose statement

sp2606 [1]

P&G's Purpose Statement is as follows

We will provide branded products and services of superior quality and value that improve the lives of the world’s consumers, now and for generations to come. As a result, consumers will reward us with leadership sales, profit and value creation, allowing our people, our shareholders and the communities in which we live and work to prosper.

Stakeholders:

consumers
employees
shareholders
communities

3 0

3 years ago

Ashton is working on a project at PowerTek Inc., a well-known multinational corporation. He is using capital budgeting to estim

Sholpan [36]

Answer: A. He will quite certainly gain approval since the project has a positive net present value.

Explanation:

The options are:

A. He will quite certainly gain approval since the project has a positive net present value.

B. Approval is probable but not likely as he failed to account for the time value of money.

C. He will not gain approval as he failed to consider whether the project is leading edge or not.

D. Approval is probable but not likely as the project has been constructed on estimates instead of facts.

Capital budgeting is used to know whether the long term investment for a particular organization's is actually worth investing in or not by the company.

Based on the scenario in the question, since the present value of the estimated future cash flows is greater than the cost of the project, Ashton will quite certainly gain approval since the project has a positive net present value.

3 0

4 years ago

Every person I have ever met says their favorite pizza is pepperoni pizza. Therefore, I can assume that everyone I ever meet wil

oksano4ka [1.4K]

Answer:

Inductive reasoning

Explanation:

This type of reasoning is considering generalization that is formed and based on some previous experiences and with that previous experiences the observation that is made is forming an inductive reasoning.

In this case, the person met many of them who says that their favorite pizza is pepperoni and then every time that someone say that they love pizza, this person will think of pepperoni pizza because of the previous experiences that caused those observations.

4 0

4 years ago

Gina changes the amount of milk she purchases depending on whether it costs $1,$1.50, or $1.75 a pound. What other information d

Illusion [34]

Answer: how much butter she buys at each price point.

Explanation: The demand curve shows how much a person chooses to buy at different prices. In order to graph the curve, we need to know how much butter Jenna buys when it costs $1, $1.50, and $1.75.

3 0

4 years ago

Nile Corp. has identified three cost pools to allocate overhead costs. The following estimates are provided for the coming year:

True [87]

Answer:

Overheads cost allocated to Mossman Job = $449

Explanation:

We have been provided the cost of each activity and their respective drivers.

There are three activities

Supervision of Direct Labor = $304,000 for 760,000 labor hours

Machine Maintenance = $153,600 for 960,000 hours

Facility rent = $165,000 for 110,000 square feet

Activities of Mossman Job and respective costs will be as follows:

Supervision of Direct Labor = $304,000/760,000 X 260 labor hours = $104

Machine Maintenance = $153,600/960,000 X 1,500 = $240

Facility Rent = $165,000/110,000 X 70 = $105

Net Overheads cost allocated to Mossman Job = $104 + $240 + $105 = $449

6 0

3 years ago