Southern Company's accountant failed to accrue as of 12/31/19 some employee fringe benefit program expenses that were incurred in 2019 and that will be paid in 2020. The result of this omission is to: _________.
A. overstate 2019 net income and understate non current liabilities at 12/31/19.
B. understate 2019 expenses and understate current liabilities at 12/31/19.
C. understate 2019 expenses and overstate current liabilities at 12/31/19.
D. understate 2019 net income and overstate assets at 12/31/19.

Answers

Answer 1

Answer:

B. understate 2019 expenses and understate current liabilities at 12/31/19.

Explanation:

By not accruing for some employee fringe benefit program expenses that were incurred in 2019, the company has recorded less expenses than it should have and hence understated expenses and effectively overstated net income.

In the same, the accrued expenses should have formed part of current liabilties since they would be paid in less than or a year's time, hence, the correct choice is the one stated that expenses and current liabilities would be understated


Related Questions

What is the effective annual rate for an APR of 10.80 percent compounded quarterly?

Answers

Answer:I think its 11.89

Explanation:

What options are available under the Form Tools Design tab? Check all that apply.

add controls
change fonts
change views
change margins
add existing fields
insert rows and columns

Answers

Answer:

Add controls

Change fonts

Change views

Add existing fields

Explanation:

The Design Tab is simply used in the application of different styles to a table and also used in drawing a table.

The options thst are available under the Form Tools Design tab include:

• Add controls

• Change fonts

• Change views

• Add existing fields

Consider single-server Q with LIFO (last-infirst-out) services. Suppose that three customers show up at times 5, 6, and 8, and that they all have service times of 4. When does customer 2 leave the system?

a. 3
b. 9
c. 13
d. 17
e. 19a

Answers

Answer:

d. 17

Explanation:

The computation is shown below;

Here the time started i.e. t=0

Therefore there was no customer upto t=5 hour

At t=5

The client first came and as there was no other customer available so we begins service to customer 1

Now  

As service off is 4 hour so service to client 1 will end at

t=9 hour.

Also mid-time at t = 6

That means the client 2 came and at t = 8 the  client 3 came.

Now at t = 9 the service begins for client 3 and end at t = 13 ( 9 + 4)

At t=13 hour, so after four hours it should be 17  

The Law of Demand states that when the price of a good rises, the Quantity Demanded will (Click to select) . b. The Law of Demand states that when the price of a good falls, the Quantity Demanded will

Answers

Answer: See explanation

Explanation:

a. The Law of Demand states that when the price of a good rises, then the Quantity Demanded will (fall)

b. The Law of Demand states that when the price of a good falls, then the Quantity Demanded will (rise).

According to the law of demand, when there's an increase in the price of a product, there'll be a reduction in the quantity of the good that will be demanded by the consumers and vice versa.

Here is a small part of the order book for Mesquite Foods:Bid AskPrice Size Price Size$ 107 270 $ 107.5 540$ 106.5 540 $ 107.8 540$ 105 1,080 $ 108 980$ 103.8 810 $ 108.5 910a. Georgina Sloberg submits a market order to sell 270 shares. What price will she receive

Answers

Answer: $107

Explanation:

This is a rather straightforward question and in such case, the answer to the question is quite easy.

Since Georgina Sloberg submits a market order to sell 270 shares, the price that she will receive is $107. Looking at the order book provided, when the size is 270, the price allocated is $107.

Therefore, the price that Georgina Sloberg will receive is $107.

One difference between a perfectly competitive firm and a monopoly is that a perfectly competitive firm produces where Group of answer choices

Answers

Answer: Nooo

Explanation:

Best Ever Toys just paid its annual dividend of $1.78 per share. The required return is 10.6 percent and the dividend growth rate is 1.23 percent. What is the expected value of this stock five years from now

Answers

Answer: $20.44

Explanation:

From the question given, we are informed that Best Ever Toys just paid its annual dividend of $1.78 per share and that the required return is 10.6% and the dividend growth rate is 1.23%, then the expected value of this stock five years from now will be:

= [$1.78 × (1 + 1.23%)^6] / (10.6% - 1.23%)

= (1.78 × 1.0123^6)/(10.6% - 1.23%)

= 20.44

The expected value of the stock is $20.44

How does understanding individual behaviour help authentic leaders overcome challenges in organisations? Provide an example in your response.

Answers

Answer:

To understand the behavior and skill set of the individual

Explanation:

Understanding individual behaviour helps leaders to understand how these people can be useful in contributing to the growth of the team and organization.

It also helps leader to understand the interpersonal skills of an individual being so that there are no issues due to the behavioral aspect with in the team.

If a small company invests its annual profits of $150,000 in a stock fund which earns 18% per year, the amount in the fund after 10 years will be nearest to:

Answers

Answer:

the amount in the fund after 10 years will be $785,075.04

Explanation:

The computation of the amount after 10 years is shown below"

As we know that

Future value  = Present value × (1 + rate of interest)^number of years

= $150,000 × (1 + 0.18)10

= $785,075.04

Hence, the amount in the fund after 10 years will be $785,075.04

Accounts receivable had a debit balance of $4,000 at the beginning of the period, and a debit balance of $6,000 at the end of the period. Credit sales for the period totaled $22,000. Using this information, cash receipts for the period totaled:

Answers

Answer: $20000

Explanation:

The cash receipt for the period based on the information that's given will be:

Opening balance of account receivable = $4000

Add: Credit sales = $22,000

Less : Closing balance of account receivable = $6,000

Cash receipt = $20000

A stock index currently stands at 107. The risk-free interest rate is 8.75% per annum (with continuous compounding) and the dividend yield on the index is 2.75% per annum. What should the futures price for a 6-month contract be? (Answer with two decimal accuracy. Example: 132.06)

Answers

Answer: $110.25

Explanation:

Futures price is calculated by the formula:

= Strike price * e ^ (risk free interest rate - dividend yield) * annualized time to expiry

= 107 * e^(8.75% - 2.75%) * 6/12 months

= $110.25

Uncertainties in the supply chain can lead to: _____________

a. strategic changes in production plans
b. increases in inventory across all tiers
c. declines in production
d. a reduction in safety stocks
e. the bullwhip effect

Answers

Answer:

e. the bullwhip effect

Explanation:

Supply chain management can be defined as the effective and efficient management of the flow of goods and services as well as all of the production processes involved in the transformation of raw materials into finished products that meet the insatiable want and need of the consumers.

Generally, the supply chain management involves all the activities associated with planning, execution and supply of finished goods and services to the consumers.

Therefore, the fundamental principle on which supply chain management is reliant on, is the complete collaboration between multiple firms. These multiple firms include a company that is saddled with the responsibility of manufacturing producer), a wholesaler, and a retailer who typically sells the products to the customers or consumers.

Basically, these three (3) firms or individuals are required to collaborate with each other so as to meet the needs of the customers in a timely manner or fashion and at a fair price too.

However, uncertainties or fluctuations in the supply chain can lead to the bullwhip effect.

The bullwhip effect is also referred to as the Forrester effect and it can be defined as the increasing inefficient allocation of resources or inventory fluctuations (distortions) due to changes in demand with respect to the upward movement in supply chain i.e from the retailer to wholesaler and to the manufacturer. Thus, this inaccurate assessment of the demands of consumers leads to uncertainties or fluctuations in the supply chain, especially a decrease in the accuracy of the forecast made by a manufacturer (supplier).

The daily returns of these three assets. The average return and standard deviation for these three assets. The correlations between these three assets. What is the future value for each of these assets at the end of the day on May 21st if you had $100 invested in each asset on April 5th

Answers

Answer:

An apple, potato, and onion all taste the same if you eat them with your nose plugged

Explanation:


A separate company unit responsible for its own cost and revenue is referred to as which of the following?

Answers

Answer:

forming a work team. A company unit responsible for its own costs and profits is referred to as______ -departmentalization. -specialization.

pls mark me the brainliest

Assuming that periodic inventory records are kept, the ending inventory on a LIFO basis is Group of answer choices $16,440. $17,160. $17,880. $16,640. None of these answer choices are correct.

Answers

Answer:

$16,440.

Explanation:

Please find attached the data used in answering this question

LIFO means last in first out. It means that it is the last purchased inventory that is the first to be sold.

the ending inventory would consist of earlier purchased goods

total sales is 20800

total purchases = 26,000

ending inventory = 26,000 - 20800 = 5200

this price of the ending inventory = 3200 x 3.2) + (2000 x 3.1) = $16,440.

                               

One reason that the quantity demanded of a good increases when its price falls is that the Group of answer choices

Answers

Answer:

lower price increases the real incomes of buyers, enabling them to buy more.

Explanation:

In the case when the quantity demand of the good rises at the time when the price is decline so the less price raised the buyer real income that enables them to purchase more also as per the law of the demand the price and the quantity demanded have an inverse relationship between them

So the above should be the answer

This is a Cooperative Learning Community (CLC) assignment. The purpose of this assignment is to analyze different types of legal damages and equitable remedies for breach of contract.
For the Topic assignment, you contracted with a number of vendors for a birthday party you were planning. In this assignment, you will need to expand the party story line to include breach or nonperformance of each of the contracts outlined in the Topic 4 assignment. The breach or nonperformance of contracts must result in the application of each type of remedy including:
Direct
Consequential
Incidental
Reliance
Restitution
Specific Performance
Injunction
In a 250-500 word narrative, summarize the party scenario and contracts, the breaches/nonperformance of contracts, and the contract remedies and damages.

Answers

Answer:

sdgj

Explanation:

Andy Tyre manages Tyre's Wheels, Inc. Andy has received an order for 1000 standard wheels and 1200 deluxe wheels for next month, and for 750 standard wheels and 1000 deluxe wheels the following months. He must fill all the orders. The cost of regular time production for standard wheels is $25 and for deluxe wheels, $40. Overtime production costs 50% more. For each of the next two months there are 1000 hours of regular time production and 500 hours of overtime production available. A standard wheel requires .5 hour of production time and a deluxe wheel, .6 hour. The cost of carrying a wheel from one month to the next is $2.
a) Define the decision variables and objective function for this problem.
b) Write the constraints for this problem.

Answers

Answer:

A) S1R = The number of standard wheels that are produced on regular time production in the first month

S1O = The number of standard wheels that are produced on overtime production in the first month

S2R = The number of standard wheels that are produced on regular time production in the second month

S2O = The number of standard wheels that are produced on overtime production in the second month

D1R = The number of deluxe wheels that are produced on regular time in the first month

D1O = The number of deluxe wheels that are produced on overtime time in the first month

D2R = The number of deluxe wheels that are produced on regular time in the second month

D2O = The number of deluxe wheels that are produced on overtime time in the second month

Y1 = The number of standard wheels that are stored from the first month to the second month.

Y2 = The number of deluxe wheels that are stored from the first month to the second month.

B) S1R + S1O – Y1 = 1000

D1R + D1O – Y2 = 1200

S2R + S2O + Y1 = 750

D2R + D2O + Y2 = 1000

0.5 S1R + 0.6 D1R ≤ 1000

0.5 S2R + 0.6 D2R ≤ 1000

0.5 S1O + 0.6 D1O ≤ 500

0.5 S2O + 0.6D2O ≤ 500

Explanation:

A) Let's first define the decision variables and objective functions;

S1R = The number of standard wheels that are produced on regular time production in the first month

S1O = The number of standard wheels that are produced on overtime production in the first month

S2R = The number of standard wheels that are produced on regular time production in the second month

S2O = The number of standard wheels that are produced on overtime production in the second month

D1R = The number of deluxe wheels that are produced on regular time in the first month

D1O = The number of deluxe wheels that are produced on overtime time in the first month

D2R = The number of deluxe wheels that are produced on regular time in the second month

D2O = The number of deluxe wheels that are produced on overtime time in the second month

Y1 = The number of standard wheels that are stored from the first month to the second month.

Y2 = The number of deluxe wheels that are stored from the first month to the second month.

B) They received an order for 1000 standard wheels and 1200 deluxe wheels. Thus;

S1R + S1O – Y1 = 1000

D1R + D1O – Y2 = 1200

For the second month they received 750 standard wheels and 1000 deluxe wheels. Thus;

S2R + S2O + Y1 = 750

D2R + D2O + Y2 = 1000

For each of the next two months, we are told that there are 1000 hours of regular time production and 500 hours of overtime production. And that standard wheel requires 0.5 hour of production time & deluxe wheel requires 0.6 hour.

Thus;

0.5 S1R + 0.6 D1R ≤ 1000

0.5 S2R + 0.6 D2R ≤ 1000

0.5 S1O + 0.6 D1O ≤ 500

0.5 S2O + 0.6D2O ≤ 500

Suppose you know a company's stock currently sells for $31 per share and the required return on the stock is 0.13. You also know that the required return is evenly divided between the capital gains yield (G) and the dividend yield (D1/P0) (this means that if the required retun is 9%, the capital gains yield is 4.5% and the dividend yield is 4.5%).If it's the company's policy to always maintain a constant growth rate in its dividends, what is the current dividend per share? Answer with 2 decimals (e.g. 1.23)

Answers

Answer:

The current dividend per share = 1.89

Explanation:

13% = {[Dividend * (1 + g)] / $31} + g

g = 13% / 2 = 6.5%

13% = {[Dividend * (1 + 6.5%)] / $31} + 6.5%

6.5% = Dividend * (1 + 6.5%)] / $31

$31 * 6.5% = Dividend * (1 + 6.5%)

$2.015 / 1.065 = Dividend

Dividend = $1.89

Cool Sky reports the following costing data on its product for its first year of operations. During this first year, the company produced 42,000 units and sold 34,000 units at a price of $120 per unit.
Manufacturing costs
Direct materials per unit $ 48
Direct labor per unit $ 18
Variable overhead per unit $ 6
Fixed overhead for the year $ 420,000
Selling and administrative cost
Variable selling and administrative cost per unit $ 12
Fixed selling and administrative cost per year $ 110,000
1a. Assume the company uses absorption costing. Determine its product cost per unit.
1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing.
2a. Assume the company uses variable costing. Determine its product cost per unit.
2b.
Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Answers

Answer:

1a. Product cost per unit if absorption costing is used by the company is $82 per unit.

1b. Net operating income if absorption costing is used by the company is $774,000.

2a. Product cost per unit if variable costing is used by the company is $72 per unit.

2b. Net operating income if variable costing is used by the company is $694,000.

Explanation:

1a. Assume the company uses absorption costing. Determine its product cost per unit.

Fixed overhead per unit = Fixed overhead for the year / Units produce for the year = $420,000 / $42,000 = $10

Product cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit + Fixed overhead per unit = $48 + $18 + $6 + $10 = $82

Therefore, product cost per unit if absorption costing is used by the company is $82 per unit.

1b. Assume the company uses absorption costing. Prepare its income statement for the year under absorption costing.

Note: See number 1b of the attached excel file for the income statement for the year under absorption costing.

From number 1b of the attached excel file, we have:

Net operating income = $774,000

Therefore, net operating income if absorption costing is used by the company is $774,000.

2a. Assume the company uses variable costing. Determine its product cost per unit.

Product cost per unit = Direct materials per unit + Direct labor per unit + Variable overhead per unit = $48 + $18 + $6 = $72

Therefore, product cost per unit if variable costing is used by the company is $72 per unit.

2b. Assume the company uses variable costing. Prepare its income statement for the year under variable costing.

Note: See number 2b of the attached excel file for the income statement for the year under variable costing.

From number 2b of the attached excel file, we have:

Net operating income = $694,000

Therefore, net operating income if variable costing is used by the company is $694,000.

g Hall Company sells merchandise with a one-year warranty. In the current year, sales consisted of 4,211 units. It is estimated that warranty repairs will average $12 per unit sold, and 30% of the repairs will be made in the current year and 70% in the next year. In the current year's income statement, Hall should show warranty expense of

Answers

Answer:

The warranty expense is $50,532

Explanation:

the computation of the warranty expense is as follows;

= Warranty repairs per unit × Unit sales

= $12 × 4,211 units

= $50,532

By multiplying the warranty repairs per unit with the unit sales we can calculate the warranty expense

hence, the warranty expense is $50,532

Future value.   A speculator has purchased land along the southern Oregon coast. He has taken a loan with the​ end-of-year payments of ​$7 comma 000 for 8 years. The loan rate is 5 ​%. At the end of 8 ​years, he believes that he can sell the land for ​$50 comma 000 . If he is correct on the future​ price, did he make a wise​ investment?

Answers

Answer: Not a wise investment as Cost exceeds Receipts.

Explanation:

As the amount is a constant payment, it is an annuity and as it is in future we are looking for the future value of an annuity:

Future Value of Annuity = Annuity * [ ( 1 + rate ) ^ time period - 1] / rate

= 7,000 * [ ( 1 + 5%)⁸ - 1] / 5%

= $66,843.76

Speculator pays $66,843.76 for loan and sells for $50,000.

The speculator would be paying more for the loan than they will sell the land for so this is not a wise investment.

Paano
maisaalang-
alang ang etika
sa pagbuo ng
teknikal-
bokasyunal na
paunawa/babala/
anunsiyo?​

Answers

Answer:

ewan

Explanation:

ewan ko lng

hope it help joke

Gurl what sorry I don’t under stand

nature of human resources​

Answers

Answer:

Explanation: Personnel Activities or Functions: Human Resource Management involves several functions concerned with the management of people at work. It includes manpower planning, employment, placement, training, appraisal and compensation of employees

Equipment was purchased for $51,000 on January 1, 2012. Freight charges amounted to $2,100 and there was a cost of $6,000 for building a foundation and installing the equipment. It is estimated that the equipment will have a $9,000 salvage value at the end of its 5-year useful life. What is the amount of accumulated depreciation at December 31, 2013, if the straight-line method of depreciation is used? Group of answer choices $20,040 $10,020 $8,580 $17,160

Answers

Answer: $20040

Explanation:

The amount of accumulated depreciation at December 31, 2013, will be calculated thus:

Cost = $51000 + $2100 + $6000 = $59100

Less: Salvage value = $9000

Depreciable cost = $50100

Annual depreciation will then be:

= $50100/5

= $10020

Accumulated depreciation at Dec 31,2013 will then be:

= $10020 × 2

= $20040

Darin Company purchased a truck and trailer for $54,000. The appraised values of the truck and trailer are $19,000 and $38,000, respectively. What is the amount of the cost that should be assigned to the truck?

Answers

18,000 is the correct answer

E-Eyes has a new issue of preferred stock it calls 20/20 preferred. The stock will pay a $20 dividend per year, but the first dividend will not be paid until 20 years from today. If you require a return of 9.75 percent on this stock, how much should you pay today

Answers

Answer:

You would pay approximately $35.00 today

Explanation:

The cost of the stock at the beginning of the year 20

= 20/9.75%

= 20/0.0975

= 205.13 dollars

We find the current price of the stock

= Fv/(1+r)^n

= 205.13/(1+9.75%)¹⁹

= 205.13/1.0975¹⁹

= 205.13/5.86

= $35.00

From this calculation you have to pay 35 Dollars today.

The real risk-free rate of interest is 3 percent. Inflation is expected to be 4 percent this coming year, jump to 5 percent next year, and increase to 6 percent the year after (Year 3). Assume maturity risk premium is zero, what should be the interest rate on 2-year, treasury securities today

Answers

Answer: 7.5%

Explanation:

Interest rate on 2 year treasury security:

= Real interest rate + Average inflation rate + Maturity risk premium

Average inflation rate = (Inflation rate coming year + Inflation rate next year) / 2

= (4% + 5%) / 2

= 4.5%

Interest rate on 2-year treasury security is:

= 3% + 4.5% + 0%

= 7.5%

The measurement of earnings concept that consists of a company’s profit from operations after taxed are subtracted is ________.

Answers

Answer:

Net Operating Profit After Taxes or NOPAT

Explanation:

NOPAT is calculated by substracting the tax expense from the revenue that the company obtains exclusively from its operating activities. This means that NOPAT does not include income from non operating activities like small investments or one time sales of capital goods.

NOPAT is a very important indicator in corporate finance, often used by analysts to gauge a company's true level of profitability. It is also an important element in the calculation of another important indicator, Economic Value Added or EVA.

O entendimento das relações de interdependência entre os diversos componentes de uma organização é uma das competências centrais do gestor na atualidade. Ela é regularmente conhecida como:

Answers

Answer:

Administración.

Explanation:

La administración es la gestión integral de una empresa u otra organización, como una organización sin fines de lucro o gubernamental. El objetivo de la administración es formular y lograr los objetivos de la empresa en el contexto dado (a veces muy cambiante). Para alcanzar los objetivos son importantes: determinación de la estrategia, gestión financiera, uso de factores productivos, marketing, innovación y política de personal.  

Answer:

Administración

Explanation:

O entendimento das relações de interdependência entre os diversos componentes de uma organização é uma das competências centrais do gestor na atualidade. Ela é regularmente conhecida como: Administración

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