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erica [24]
3 years ago
9

Kilian Company's inventory balance at the end of the current year does not include $10,000 of inventory that was stored in a sep

arate warehouse and accidentally excluded from the physical count. If the error is not discovered, the effect of this error on financial statements in the following year will be_________
Business
1 answer:
Flauer [41]3 years ago
8 0

Answer:

underestimated inventory

net income decrease

higher storage expenses

Explanation:

decrease in net income since it could not be sold

higher expenses for storage to maintain inventory

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Standard Bank gives John a substantial loan to purchase a new home. This credit transaction is governed by the Truth in Lending
netineya [11]

Answer: finance charge

Explanation: The True in Lending Act (TILA) of 1968 is a Untied States federal law that was created to promote informed customers credit, certain written disclosure be made known before a transaction be consummate.

The fee john is requested to pay by the TILA disclosure statement is the "finance charge ". Standard bank is give John loan and the transaction will be govern by the TILA.

6 0
3 years ago
Keynes rejected the view that lower wages would direct a recessionary economy back to full employment because
Lorico [155]

Answer: the options are added below:

A. market forces would quickly direct an economy back to full employment.

B. lower wages would cause the central bank to reduce the money supply and thereby prolong the recession.

C. lower wages would stimulate inflation and thereby prolong the recession.

D. powerful trade unions and large corporations made wages highly inflexible.

The correct option is D.

Explanation: A Trade Union is also known as a labour union and it is an association of workers in a particular trade, industry, or company that is created for the aim of negotiating improvements in wages and salaries, benefits, better working conditions, or social and political status through collective bargaining.

The view of Keynes is that the trade unions that have become powerful have, in conjunction with large corporations, made wages highly inflexible.

What this means is that they always make sure that there will be no supply of labor if the wages are low, therefore Keynes is of the view that lowering wages will not direct a recessionary economy back to full employment, rather, increasing the wages will ensure that the trade unions and large corporations supply labor and therefore increase employment.

3 0
3 years ago
Assume that an American company today invests some of its spare cash in a Hungarian money market account that will earn 8 percen
Artist 52 [7]

Answer:

D. The dollar appreciates against the Hungarian forint.

Explanation:

If after investing, it happens during the next two months that the dollar invested by the American company appreciates against the Hungarian forint.

It would imply that the company will earn less than 8 percent on its investment.

7 0
3 years ago
Read 2 more answers
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Answer:B  exist to benefit a cause but not to make a profit.

Explanation:

They are to provide services which are useful to the members of the society at large.  They exist to promote the interest of members of the public which are social in nature.  With a view to ensure the smooth running of the organisation some individuals are elected to run the organisation in the position of chairman, secretary, and treasurer.  They do prepare receipt and payment account which is similar to cash account while some do prepare income and expenditure account which is similar to profit and loss account.

5 0
3 years ago
The initial step in creating a business continuity and security response plan is a _________________, which can be used to assem
notka56 [123]

The initial step in creating a business continuity and security response plan is a business impact analysis, which can be used to assemble the business and security responses in order to diminish losses.

A breach may still reveal information about the attacker, but this depends on your organization's goals.

A set of approved high-level arrangements and procedures to enable organizations to accelerate business recovery and reduce the overall impact of the event while allowing critical business functions to resume within specified timeframes. set.

A Business Continuity Plan (BCP) is the development of a strategy document that provides alternative modes of business activity that, if interrupted, could result in significant loss to the business.

Learn more about Business Continuity at

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4 0
2 years ago
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