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Furkat [3]
2 years ago
12

If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the _

_____.
Business
1 answer:
Ilya [14]2 years ago
5 0

If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the: Adjusted trial balance's debits side will not equal its credits  side.

<h3>Adjusted trial balance</h3>

Based on the information given debiting Interest Expense for $500 was right and debiting Interest Payable for $50 was wrong.

Reason being that  Interest expense is a debit entry because expenses are supposed to be debited while interest payable is a credit entry.

Based on this  the adjusted trial balance's debits side will not equal its credits  side.

Inconclusion If a company recorded an adjusting entry by debiting Interest Expense for $500 and Interest Payable for $50 in error, then the: Adjusted trial balance's debits side will not equal its credits  side.

Learn more about adjusted trial balance here:brainly.com/question/14476257

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Several factors affect a firm’s need for external funds. Evaluate the effect of each following factor and place a check next to
Studentka2010 [4]

Answer:

1.

  • The firm increases its dividend payout ratio.

This will increase the need for external funds because with more funds going towards dividends, there will be less funds available to fund operations. The company will therefore be more probable of being in need of Additional funds.

  • The firm’s inventory turnover decreases, with no effect on the sales forecast.

If the firm's inventory turnover increases, it means that the firm is taking longer to sell off inventory. This will mean that the company will have to invest more in working capital to maintain these inventory levels. This will lead to a higher probability of them needing additional funds.

2. Yes, dividends still affect a firm’s AFN even though they are paid out of after-tax earnings.

Even though they are paid after-tax, they still eat into the funds that the business can be able to set aside to fund operations. So when dividends are paid, the need for AFN increases as well.

5 0
4 years ago
The required volume of output to produce the motors will not require any incremental fixed overhead. Incremental variable overhe
Ludmilka [50]

Answer: Income will increase by $16 per unit

Explanation:

Your question isn't complete but the completed question was gotten online and would be used in answering the question accordingly.

The effect on income if Derby decides to make the motors will be calculated thus:

In-house:

Direct material = 38

Direct labor = 50

Overhead (Incremental) = 21

Total variable cost = 109

Outside:

Cost of supply = 125

Therefore, the income per unit will increase by (125 - 109) = 16.

3 0
3 years ago
A market where tenants negotiate rent and other terms with property owners or their managers is referred to as a:_________
goldfiish [28.3K]

A user market is one where tenants bargain rent and other conditions with property owners or their managers.

<h3>What are Business User Markets?</h3>

Several other user markets also make purchases, either for their own consumption or with the goal of redistribution to others, in addition to selling finished goods and services to supply chain organizations. When making these purchases, the buyer typically does not significantly alter the goods from their original state. Although technically these markets are also a component of the supply chain, the majority of business users do not actively participate in or directly support production.

Any method that lets customers get involved in a marketing effort is known as user-generated marketing. User-generated marketing is just as much a kind of public relations as anything else because it gives a target audience a more participatory and interesting experience.

To know more about Business User Markets, visit: brainly.com/question/25492268

#SPJ4

4 0
1 year ago
Hawk Corporation begins making and selling motorcycles in 2000 under the mark "Hawk." Ten years later, Hawk, Inc., a different c
cluponka [151]

Hawk corporation can not stop Hawk's use of Hawk because the motorcycles can not be confused with medicines and it will cause any monetary damage.

<u>Explanation:</u>

Trademarks possibly apply if the basic name creates turmoil in the brain of the customer. Since bikes can't be mistaken for clinical gear, the bike producer won't have the option to persuade an appointed authority that there are money related harms.

Subsequently, any endeavor to recuperate harms from the clinical stock organization will be a complete exercise in futility because the other trade mark is used by a firm making medicine which has no link with motorcycles.

5 0
4 years ago
Suppose an economy produces two goods, food and machines. This economy always operates on its production possibilities frontier.
defon

Answer:

The correct answer is option D.

Explanation:

The economy was earlier producing at the point on its production possibility frontier where it was producing 1000 units of food and 47 machines. After a technological advancement in the machine-making industry, society will want to produce 1050 units of food and 47 machines.  

Due to technological advances, society will require fewer resources to produce the same level of machines or it could produce more machines using the same level of resources.  

As society wants to produce the same level of machines, it will need fewer resources to do so. The remaining resources could be used to increase the production of food. So, society will be able to produce 1050 units of food and 47 machines.

6 0
3 years ago
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