Answer:
The correct answer is letter "C": the unemployed workers.
Explanation:
Under the Consolidated Omnibus Budget Reconciliation Act (<em>COBRA)</em> passed in 1985, employers who hire 20 or more workers are subject to provide healthcare benefits up to 36 months to their employees after termination of employment caused because of different reasons. In those cases, <em>the ex-workers are responsible for the payment</em> of their premiums.
Answer:
- 6% in the short run
- 24% in the long run
Explanation:
In the short run, the effect of a 20% increase in the price of soccer balls will result in a ⇒ 0.3 x 20% = 6% increase in the quantity supplied.
In the long run, the effect of a 20% increase in the price of soccer balls will result in a ⇒ 1.2 x 20% = 24% increase in the quantity supplied.
Answer: D. an understatement of expenses and an overstatement of owners' equity
Explanation:
If a purchase of merchandise was not recorded, it would mean that Purchases being <u>an expense</u> that contributes to the Cost of Goods sold would be understated.
This understatement would mean that the the Net income is overstated because the purchase expenses were never deducted from it. Net Income is part of owners' equity so if it is overstated, so is owners' equity .
Answer:
Explanation:
The pictures attached shows the full explanation
Answer:
The estimated inventory at the end of February is $73400 as shown below
Explanation:
Beginning Inventory $57,800
Plus: Net purchases $120000
Freight-in $2,700
Cost of Goods Available for Sale $180500
less: Cost of Goods Sold
Net Sales$180000
Less Estimated Gross Profit $81000
Estimated Cost of Goods Sold $99000
Estimated Inventory before Theft 81500
Less: Stolen Inventory 8,100
Estimated Ending Inventory 73400
Gross profit $180000*45%=$81000
