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erik [133]
1 year 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]1 year ago
7 0

Answer:

The correct answer is B.

Explanation:

MatroZZZ [7]1 year ago
3 0
Idk but I’ve seem to have done
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A(n) _____ staffing approach is compatible with an international strategy but can produce resentment in the host country.
Sladkaya [172]

Answer:

geocentric  

Explanation:

The staffing policy which which seeks for staffing the best people for main jobs throughout the organization, regardless of their nationality is called geocentric policy. It is very much compatible to any international strategy but there can be some resentments in the host country due to cultural myopia.

There can be also lack of some management transfers from the home country  to the host countries also from the host to home. There can be lack of integration also.

8 0
2 years ago
You have two job offers. Alpha Firm offers a salary of $40,000 per year with no bonuses, while Beta Firmoffers a base salary of
ozzi

Answer:

$40,000 per year; $37,500 per year; $40,000.

Explanation:

From the question above, we are given the following parameters; Alpha Firm offers a salary = $40,000 per year + no bonuses, "Beta Firm offers a base salary of $35,000 per year with a 25% chance that you will receive an annual bonus of $10,000".

So, to answer the question,the expected salary of working for Alpha Firm will surely be = $40,000 per year.

At Beta Firm the expected salary is = $35,000 + 0.25($10,000) = $37,500.

Therefore, if I was risk neutral, the expected value of the year bonus offered by Beta Firm would need to be at least $40,000 for me not to be indifferent to the choice between the two options.

4 0
1 year ago
This year, Napa Corporation received the following dividends: KLP Inc (a taxable Delaware corporation in which Napa holds an 8%
murzikaleks [220]

Answer:

$147,500

Explanation:

Computation of Napa's dividends-received deduction

Napa is said to holds less than 20% stock interest in KLP Inc which means that the dividends received deduction in the case of dividends received from KLP would be 50%.

And in case of dividends received from Gamma, the dividends received deduction would be 100% reason been that KLP holds more than 80% of the stock interest in Gamma.

Hence:

Napa’s dividends-received deduction will be:

= ($55,000 x 50%) + $120,000

=$27,500 +$120,000

= $147,500

Therefore Napa's dividends-received deduction will be $147,500

7 0
1 year ago
Heller Company issues $950,000 of 10% bonds that pay interest semiannually and mature in 10 years. What is the bonds’ issue pric
barxatty [35]

Answer:

A. $ 748,714

Explanation:

This 10-year bond with semiannual coupon payment will have 20 coupon payments plus 1 par payment at maturity. The bond price issuing price is the present value of all coupon payments as well as par value. Let formulate the bond price as below:

Bond price = [(Coupon rate/2) x (Par value)]/[1 + (Market interest rate/2)]  + [(Coupon rate/2) x (Par value)]/[1 + (Market interest rate/2)]^2 + ...+ (Coupon rate/2) x (Par value) + Par value]/[1 + (Market interest rate/2)]^20

Putting all the number together, we have:

Bond price = [(10%/2) x (950,000)]/[1 + (14%/2)]  + [(10%/2) x (950,000)]/[1 + (14%/2)]^2 + ...+ (10%/2) x (950,000) + 950,000]/[1 + (14%/2)]^20 = 748,714

7 0
2 years ago
Rick and Jose gain new market information regarding a potential entrepreneurial opportunity. Despite the fact that both of them
dalvyx [7]

Incomplete. Here are the options;

A.  information asymmetry

B.  information assurance

C.  information reliability

D.  information asset  

E.  social networking

Answer:

A.  information asymmetry

Explanation:

The concept of Information asymmetry involves a situation where one party in a relationship <em>has more or better information than the other party.</em>

In this case, there exists a party with more (additional) information than the other, hence it is a good example of information asymmetry.

8 0
2 years ago
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