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3 years ago

Classification shifting by managers leads to under-reporting of total expenses and over-statement of bottom-line net income.

Business

1 answer:

Step2247 [10]3 years ago

4 0

Answer: False

Explanation:

Classification shifting is a method used whereby the core earnings are manipulated by misclassifying the items in the income statement.

One way that managers make use of classification shifting is by reporting the operating expenses for the business as nonoperating expenses. This is usually done in order to inflate the operating income.

The statement in the question is false as classification shifting by managers doesn't lead to under-reporting of total expenses and over-statement of bottom-line net income rather it lead to over reporting.

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Flora, who owns and operates garden fresh organic farms, agrees to sell harvesters grocery a minimum quantity of fresh fruits an

Rina8888 [55]

<span>Breached. Explanation: A contract is a legally binding agreement between two parties. Once an agreement is signed between two parties, both parties are subject to terms and conditions written in the agreement. As in the above example, Flora agrees to sell harvesters grocery a minimum quantity of fresh fruits and vegetables every week for three months, that means Flora is subject to the agreement that she will sell that no matter what the future market price will be, whether it increases or decreases. As Flora decides not to deliver the agreed order, it is a violation of terms and conditions of the agreement/contract. So the contract is breached.</span>

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3 years ago

Abardeen Corporation borrowed $90,000 from the bank on October 1, 2018. The note had an 8 percent annual rate of interest and ma

Vitek1552 [10]

Answer:

Explanation:

Data provided in the question

Borrowed amount from the bank = $90,000

Annual interest rate = 8%

Maturity date = March 31, 2019

Since it is mentioned in the question that, the interest and the principal were paid in cash on the maturity date so for the amount of cash that Abardeen had to pay for 2018 interest would be zero as the principal and the interest is paid for 2018

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4 years ago

A point M on a segment with endpoints (-1, 1) and ( 7, 7) partitions the segment in a 3:5 ratio. Find M. You must show all work

HACTEHA [7]

The coordinates of point M after the partition is (2, 3.25).

<h3>What are coordinates and how to determine coordinates?</h3>

A coordinate system in geometry is a system that uses one or more integers, or coordinates, to define the position of points or other geometric components on a manifold such as Euclidean space.

We have:

Endpoints = (-1,1) and (7,7)
Ratio, m : n = 3 : 5

The coordinates of point M is then calculated using:

$M=\frac{1}{m+n} *(mx_{2}+nx_{1} , my_{2} +ny_{1} )$

So, we have:

$M=\frac{1}{3+5} * (3*7+5*-1,3*7+5*1)$

Evaluate the sum and the product:

$M=\frac{1}{8} *(16,26)$

Evaluate the product:

$M=(2,3.25)$

The coordinates of point M is (2, 3.25)

Therefore, the coordinates of point M after the partition is (2, 3.25).

Know more about coordinates here:

brainly.com/question/17206319

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2 years ago

Abe owns a dog; the dog's barking annoys Abe's neighbor, Jenny. Suppose that the benefit of owning the dog is worth $200 to Abe

Yuki888 [10]

Answer: C - Jenny pays Abe $300 to give the dog to his parents who live on an isolated farm.

Explanation: Since the benefit of owning the dog is worth $200 to Abe and Jenny is willing to pay him $300 to send the dog to his parents who lives on an isolated farm. Abe stand to gain an extra $100 above his initial benefit of keeping the dog for $200.

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3 years ago

Based on the weight of the consumer price index (CPI), the price of rental housing increases by 15% and that of owned housing by

Levart [38]

Answer:

D) all other factors being constant, it is likely the CPI would rise during the year in question.

Explanation:

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3 years ago