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Soloha48 [4]
2 years ago
7

On the balance sheet, if ending inventory is overstated, then total assets will be __________ and stockholders' equity will be _

_________.
overstated; overstated
understated; understated
overstated; understated
understated; overstated
Business
1 answer:
gizmo_the_mogwai [7]2 years ago
3 0
Overstated; overstated
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Identify and explain two characteristics of the packaging of the chocolate bars​
zubka84 [21]
Chocolate products are protected throughout the distribution process. Flexible packaging keeps goods fresher for longer, as packaging can include foil layers that ensure that products are preserved. Flexible chocolate packaging provides valuable nutritional information that assist consumers in correct product selection.
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5 0
3 years ago
Max Staxx borrowed $2,000 on a 10%, 120 day note. After 45 days, Max paid $700 on the note. Thirty days later, Max paid an addit
allsm [11]

$670 is the final balance due that max wants to pay.                                                                                  

<u>Explanation</u>:

  • Max borrowed a $2000 amount on a 120-day note. First, he paid $700 in the 120-day note. So the current amount he paid is $700.
  • After thirty days max paid the amount of $630. So totally he paid $1330 in a note of 75 days. So 45 days are remaining.
  • So the final balance due is $670. So Max wants to pay $670 on a note of 45 days.

6 0
3 years ago
an economy in which all the boys became farmers when they are adults just as their fathers and grandfathers did would be an exam
sergeinik [125]
That would be an example of traditional economy.
8 0
3 years ago
For the budget period ending December 31 of the current year, Aaron Corporation estimates its ending balances for cash as $4,000
jek_recluse [69]

Answer:

The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.

Explanation:

Total current assets

= Cash + Accounts receivable + Finished goods inventory + Raw materials inventory

= $4,000 + $16,000 + $12,000 + $8,000

= $40,000

Therefore, The amount of total current assets that will be reported on the budgeted balance sheet is $40,000.

3 0
3 years ago
Custom Engines Company has the following estimated costs for the upcoming​ year:
Lelechka [254]

Answer:

$22

Explanation:

The computation of the predetermined manufacturing overhead rate per hour is shown below:

= Total Factory overhead ÷ Estimated labor hours

where,

Total factory overhead is

= Salary of factory supervisor + Heating and lighting costs for factory + Depreciation on factory equipment

= $37,000 + $22,300 + $5,600

= $64,900

And, the machine hours is 2.900

So, the predetermined overhead rate is

= $64,900 ÷ 2,900

= $22

This is the answer but the same is not given in the options

6 0
3 years ago
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