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erik [133]
2 years ago
14

Penny Company made an inventory count on December 31, 2020. During the count, one of the clerks made the error of counting an in

ventory item twice. For the balance sheet at December 31, 2020, the effects of this error are Assets Liabilities Stockholders' Equity1) Overstated Understated Overstated2) Understated No effect Understated3) Overstated No effect Overstated4) Overstated Overstated Understated Option 1)Option 2)Option 3)Option 4)
Business
2 answers:
SCORPION-xisa [38]2 years ago
7 0

Answer:

The correct answer is B.

Explanation:

MatroZZZ [7]2 years ago
3 0
Idk but I’ve seem to have done
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Chris has been newly appointed as the head of the HR team at Cuffington Corp. In an attempt to establish a more efficient and re
pentagon [3]

Answer:

KSAOs play a significant role in interviews and selection decisions

Explanation:

According to the given situation, Chris has been hired as an HR team at C Corp. and he took the responsibility of developing job descriptions and specialization for the vacancy of engineers.

Here Chris collects relevant data about the KSAO's so that he can choose a specialized engineer for an organization.

So, in the above case,  the relevant answer is KSAOs play a significant role in interviews and selection decisions.

8 0
2 years ago
Consider a Caribbean cruise route served by two cruise​ lines, Carnival and Royal Caribbean. Both lines must choose whether to c
abruzzese [7]

Answer:

Consider a Caribbean cruise route served by two cruise​ lines, Carnival and Royal Caribbean. Both lines must choose whether to charge a high price ​($320​) or a low price ​($300​) to vacationers. These price strategies with corresponding profits are illustrated in the payoff matrix to the right. ​ Carnival's profits are in red and Royal​ Caribbean's are in blue. Suppose the cruise lines decide to collude. At which outcome are joint profits​ maximized?

Joint profits are maximized when Carnival picks $320 and Royal Caribbean picks $320.

Explanation:

When Carnival picks $320 and Royal Caribbean picks $320, then joint profits are maximized.

Nash equilibrium would exist only when Royal chooses $300 and the carnival chooses $300.

However, if both Carnival and Royal Caribbean charge a lower price, both of them can earn a higher profit.

3 0
2 years ago
Last year, Nikkola Company had net sales of $2,299,500,000 and cost of goods sold of $1,755,000,000. Nikkola had the following b
viktelen [127]

Answer:

Average receivables = $157,500,000

Explanation:

<em>Account receivable represent the amount of credit made by a business which remain uncollected as at the reporting date. In other words, they represent the amount that customers are owing the business in respect of credit sales.</em>

Average account receivables

=(opening balance + closing balance)/2

=( $142,650,000 + $172,350,000)/2

= 157,500,000.

6 0
2 years ago
Amy and Jack were loyal customers of GreenFoods, a local grocery store. However, after a couple of incidents where they had to r
ololo11 [35]

Answer: B) Open to Trial

Explanation:

6 0
2 years ago
The reason the substitution effect works to encourage a consumer to buy less of a product when its price increases is:
ikadub [295]

Answer:

The correct answer is the option C: the product is now relatively more expensive than it was before.

Explanation:

To begin with, the <em>substitution effect</em> is the term that, in economics, refers to the situation where a products or services increase or decrease its value in comparison with other and therefore it causes a substitution from the consumer regarding that change in the price.

Secondly, in the case where a product increases its price the substitution effect will cause that the consumer decides to purchase other products due to the fact that the first product is now relatively more expensive than it was before and therefore a substitution of the good takes place.

8 0
2 years ago
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