Answer:
C- Should be corrected as soon as they are discovered
Explanation:
If error occur in recording process they should be corrected as soon as they are discovered although the errors are usually unintentional mistakes made when recording . Small recording errors might cause major distortions in the overall figures.
Although the suspense account is the main method used to detect errors that cause discrepancies between the debit and credit balances of the trial balance in which
Adjusting entries are posted in the general ledger to correct errors detected in the trial balance.
Answer:
Pauls' share in partnership=(131000+91000+111000+171000)*0.15%= $75600
Balance in Caitlin’s capital account immediately after Paul’s admission = 131000-(75600-71000)*30%= $129160
evaluation and control
Answer: Option A.
<u>Explanation:</u>
Strategic assessment and control is the way toward deciding the adequacy of a given methodology in accomplishing the hierarchical destinations and taking restorative activities at whatever point required. Control can be practiced through definition of possibility methodologies and an emergency the board team.
The assessment and control segment contains execution principles against which to gauge the showcasing plan and friends execution. This segment additionally gives data on what move ought to be made if the promoting objectives and destinations are not met.
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Fixed costs:
Occupancy costs $ 3,160
Salaries 3,640
Other 1,200
Total=
Variable costs (including the cost of paint) $ 6 per gallon
Selling price= $10 per gallon sold
To calculate the operating income we need to use the following formula:
Income= Number of units* selling price - variable cost - fixed costs
Q= 2,200
Income= 2,200*10 - 2,200*6 - 8,000= $800
Q= 2,600
Income= 2,600*10 - 2,600*6 - 8,000= $2,400
Answer:P value = 1 - 0.9793 = 0.0207
Explanation:
we can use Z value and normal distribution to find P value. P value is the area of beyond the value of Z value
sample mean (x.bar) = $52.20
Population mean (U) = $50
Sample Standard deviation (Sd) =$ 6.10
sample (n) = 25
Z =
=
Z = 2.50/1.22 = 2.049280328 = 2.049
area (normal distribution table) = 0.9793
P value = 1 - 0.9793 = 0.0207
