Answer:
Cause of a "Prior Period Adjustment in 2025 Statement of Retained Earnings:"
A. Failure to Accrue Revenue at 12/31/24, but not 12/31/21 Depreciation Overstatement.
Explanation:
A company's failure to accrue revenue in accordance with the accrual concept and revenue recognition principle means that there is a "Prior Period Error" which must be corrected retrospectively in the financial statements (Retained Earnings). Retrospective restatement involves the correction of the error arising from the recognition, measurement, and disclosure of amounts of elements of financial statements. The restatement is done as if a prior period error had never occurred.
Answer:
Controling.
Explanation:
Analyzing the above scenario, it is possible to identify that the process of determining the reason for the higher costs and taking measures to reduce those costs is part of an organization's control management process.
It is essential that each company has a well-established control management system, as a way of positively influencing employees in the company and ensuring that all strategic activities and actions are carried out as planned to achieve organizational objectives and goals.
An effective management control process ensures that companies operate more effectively, improving organizational resource management processes, reducing costs and making management more structured and effective so that a company remains competitive and profitable in the market.
<u>Answer:</u> Personal goals and team fit.
<u>Explanation:</u>
As a student I would not have any experience which I can talk about at the job interview. It is important that I show case my personal goals which are short term and long term career goals. I also need to show that I desire to join the team and have the ability to work as a good team member.
The common skills required to fit into a team such as management skills, leadership skills, communication skills, time management skills, organizing skills etc employers will not understand when I fail to take time to develop these skills.
Answer:
-2
Explanation:
Good X and Y are related goods
When the price of Good X rises by 20 percent the quantity for Good Y falls by 40 percent
Therefore the cross price elasticity can be calculated as follows
= -40/20
= -2
Hence the cross price elasticity is -2
Answer:
$13.19
Explanation:
Data given
Annual dividend = $1.48
Increase percentage annually = 2.5%
Discount rate percentage = 14%
The computation of price is shown below:-
Price = Dividend ÷ (Cost of equity - Growth rate)
= ($1.48 × 1.025) ÷ (0.14 - 0.025)
= $1.517 ÷ 0.115
= $13.19
Therefore for computing the price we simply applied the above formula.
