which of the following statements is false? question 9 options: contribution margin equals sales minus the costs that vary in proportion to production. contribution margin ratio describes the percentage of each sales dollar used to pay variable costs. product costs can be either variable or fixed costs. at break-even, the target profit is zero.

Answers

Answer 1

The statements which is false is At break-even, the target profit is zero therefore the correct option is D.

Contribution margin is not the same as contribution margin ratio. Contribution margin equals sales minus all variable costs, while contribution margin ratio describes the percentage of each sales dollar used to pay for variable costs. Product costs can be either variable costs or fixed costs, but not both.

At break-even, the target profit is zero, meaning that total revenues and total expenses are equal. The contribution margin helps companies determine the amount of sales required in order to meet their break-even point.

Hence the correct option is D.

To know more about Contribution margin visit:

https://brainly.com/question/14950546

#SPJ4


Related Questions

noah is a manager at a bank. he has to decide whether to provide a short-term loan to a small business. noah should

Answers

Before granting a short-term loan to a small business, Noah should as a manager at a bank assess the tiny company's creditworthiness. This entails examining the company's financial records, credit history, and loan repayment capacity.

Noah should also think about the goal of the loan and any dangers involved in financing this specific company. Noah must ultimately decide after considering all the material at hand as well as the lending laws and regulations of the bank.

A lender's evaluation of your creditworthiness will determine whether you are qualified to apply for additional credit or how likely you are to default on existing debt commitments. Before approving any new credit, creditors take your creditworthiness into account. According to research, a positive credit history.

Learn more about small business visit: brainly.com/question/27968241

#SPJ4

a negative externality exists when exceed b. what is the net effect of a negative externality? it decreases both producer and consumer surpluses. the market equilibrium output. only consumer surplus. only producer surplus.

Answers

A negative externality exists when the social cost of a product or activity exceeds the private cost paid by the producer.

The net effect of a negative externality is that it A. decreases both producer and consumer surpluses.

What is consumer surplus ?

Consumer surplus is reduced because the negative externality creates additional costs or harms that are not reflected in the price paid by the consumer.

Producer surplus is also reduced because the negative externality creates additional costs or risks that are not reflected in the price received by the producer.

The negative externality may also lead to an inefficient allocation of resources, as the market equilibrium output does not take into account the full social costs of the product or activity.

Find out more on negative externality at https://brainly.com/question/1964769

#SPJ1

Full question is:

A negative externality exists when social costs exceed _________

private benefits

social benefits

social costs

private costs.

The net effect of a negative externality ____________

decreases

both producer and consumer surpluses.

only producer surplus.

the deadweight loss.

only consumer surplus.

List 2 businesses that you can start that customers need/want and you feel will make profit in 2021 and 2022

Answers

Answer: a groceries store and a school bus driver school

Explanation: hope it helps

Do you think percentage gains
would get more varied or less
varied if you added additional
mutual funds to your portfolio?

Answers

I think more varied if you added additional mutual funds you would have a more diverse portfolio.

If a business decides to reduce its prices once in a while on an unsystematic basis, it is using
a. psychological pricing.
b. periodic discounting.
c. everyday low pricing.
d. price skimming.
e. random discounting.

Answers

If a business decides to reduce its prices once in a while on an unsystematic basis, it is using Option E. random discounting.

Random discounting is a pricing strategy in which a company offers discounts on products or services on an unsystematic basis. This method can create a sense of urgency for customers to make a purchase, as they do not know when the next discount might be offered.

In contrast to random discounting, other pricing strategies include psychological pricing, periodic discounting, everyday low pricing, and price skimming. Psychological pricing involves setting prices in a way that appeals to customers' emotions, such as pricing a product at $9.99 instead of $10 to make it seem more affordable. Periodic discounting refers to offering discounts on a regular schedule, like seasonal sales or holiday promotions. Everyday low pricing is a strategy in which a business consistently offers low prices without running special sales or promotions.

In summary, random discounting is an unpredictable discount strategy used by businesses to create urgency and encourage customers to make a purchase. It differs from other pricing strategies like psychological pricing, periodic discounting, everyday low pricing, and price skimming, which have more predictable patterns or focus on specific aspects of consumer behavior. Therefore, the correct option is E.

Know more about Pricing strategy here:

https://brainly.com/question/29355505

#SPJ11

"Tourism sector has become a good source of earning foreign currency in Nepal"Justify this statement with examples

Answers

Explanation:

Tourism has become one of the main income sources for many developing countries like Nepal. Nepal has great potential to become a top destination for tourists as the nation is famous for its snowcapped mountains, abundant flora and fauna, exciting trekking routes and rich cultural and religious diversity.

Tourism seems to be a developing growing company throughout Nepal, including some of the largest foreign currencies average earnings as well as jobs industries.

The purpose of the article would be to examine foreign currency exchange revenues from Nepal via the tourist industry by analyzing the appearance of international travelers as well as the length of their stay throughout Nepal.The above research suggests that perhaps the population aging of visitors and indeed the influx of new tourists would result in an improvement throughout forex revenue, which increases in terms of passenger facilities.

Learn more about the Tourism sector here:

https://brainly.com/question/21514752

"Tourism sector has become a good source of earning foreign currency in Nepal"Justify this statement

Marketers now have access to fragmented media and promotion mixes to reach diverse audiences. To prevent creating a communications​ hodgepodge, what must marketers​ do?.

Answers

Marketers now have access to fragmented media and promotion mixes to reach diverse audiences. To prevent creating a communications hodgepodge, marketers must be inclined toward promoting publicity.

What is the Publicity?

Publicity is a marketing term that is being done for selling a specialized product by making the public well aware of the product.

Publicity in simpler terms is to make the public aware. Publicity is very important for sales to be impacted properly. Publicity also lets the show be impacted by making it move in the proper direction and also allowing the same. The most important thing is that Publicity needs to be worked properly.

Publicity is the backbone of Marketing and the sale of a particular product.

Learn more about Publicity here:

https://brainly.com/question/14745917

#SPJ1

You recently have been hired as a Strategic Analyst working within Yeti's Corporate Development team. The over the past 13 weeks you have been analyzing Yeti's current strategy and strategic performance in preparation for their annual strategic review with the Board of Directors ("BoD"). With the strategic meeting one week away, the following work has been assigned to you with regards to preparing materials for the meeting on August 16. It is the first time you have been assigned ownership of work for compiling analysis and turning it into insights for presentation and discussion, you see this as your opportunity to demonstrate to senior management your strategic acumen, both in the application of the strategic frameworks (and tools) you have learned, and your strategic thinking with regards to analysis, synthesis, and evaluation. Overall, you understand what Yeti's current strategic position and performance is. You have been asked to provide the BoD and the CEO with a clear concise assessment of the organization's strategy. You remember the Strategic Learning process that you and your peers in the Corporate Development team have recently completed and you have plenty of data to make this definitive assessment statement. In addition to this concise but supported definitive assessment, you know the follow burning questions also need to be answered: Does Yeti have a sustainable competitive advantage in the cooler and equipment industry? What are the notable weaknesses and threats Yeti is facing? How strong internationally is Yeti's strategic position? What should they consider with regard to geographic differences and their strategic execution and performance? The written part of this assessment should be no longer than 6pg in length (font no smaller than 11pts and line spacing 1.5xs ). The 6pg should include charts, tables, and exhibits to support your analysis and insight conclusions, but these must not be copied directly from the case

Answers

Yeti's strategy aligns with its market opportunities and has resulted in a sustainable competitive advantage in the cooler and equipment industry.

[Your Name]

[Your Position]

[Date]

Assessment of Yeti's Strategy and Strategic Position

Executive Summary:

This assessment provides a comprehensive analysis of Yeti's current strategy and strategic performance, aiming to address key questions related to the organization's competitive advantage, weaknesses and threats, and international strategic position.

Definitive Assessment: Yeti's strategy is well-aligned with the company's goals and market opportunities.

Competitive Advantage:Yeti possesses a sustainable competitive advantage in the cooler and equipment industry, primarily driven by the following factors:

Brand Strength: Yeti has built a strong brand reputation associated with durability, performance, and quality.

Product Innovation: Yeti has consistently demonstrated its ability to innovate and introduce new products that meet evolving customer needs.

Distribution Network: Yeti has established an extensive distribution network, including partnerships with leading retailers and online channels.

Weaknesses and Threats:

Despite its strong market position, Yeti faces certain weaknesses and threats that need to be addressed to ensure sustained success.

Learn more about market here:

https://brainly.com/question/15208724

#SPJ11

When you have a debt, which is the
percentage used to calculate the
extra money you need to pay?
A. Original amount borrowed
B. Interest
C. Interest rate

Answers

Answer:

C - Interest Rate.

This is because the "extra money" is the interest and the borrower will calculate with interest rate.

Hope this helps!

HELP ASAP 100 POINTS WILL MARK BRAINLIEST IF CORRECT

Submit your 500-word essay describing the career you have chosen, a five-day schedule of this career, and the advantages and disadvantages of the work schedule that you have created.

Answers

A person's career is very important in their life. Whatever career path you choose will have a significant impact on your life. In addition to your lifestyle, your career will define your social standing. In other words, your social circle and relationships will be determined by your career.

Career Analysis Essay

As a result, it is critical to select the appropriate career path. We all want to be someone or something from a young age. Some people want to be doctors, while others want to be painters. Many factors influence our career choices. As a result, it is critical to consider all factors before deciding on a career path.

How Should You Choose a Career?

Before deciding on a career, you must consider several factors. Each factor weighs heavily on your decision. To begin, always thoroughly assess yourself. To choose a career, you must first understand your area of interest. Someone who can dance well, for example, can certainly become a doctor, but his passion will always be dance. As a result, ensure that you have the aptitude to succeed in the field of your choice. This will come from your field of study.

Following that, you look for opportunities in your field of interest. You can easily find occupations that match your passion now that you know what you like and dislike. Make a list of occupations that are related to your interests. Reduce the length of your prepared list. You must do so by your preferences. Make informed decisions by consulting with your seniors and parents.

Most importantly, learn the skills required for the career path you wish to pursue. Make certain you have the necessary qualifications and degrees. Take training programs to improve your skills. This will give you an advantage in determining whether you are correct in your career choice

How to Achieve Your Professional Objectives

There are steps you must take before you can achieve your career goal. Success, as they say, does not happen overnight. To achieve your objectives, you must work along the way. If you have the will, there is always hope. To begin, create profiles on various job portals to catch the attention of potential employers. You will be able to get good career opportunities if you keep your profile up to date.

Furthermore, keep your network up to date. Create a strong network and sources in the field. This way, you can stay up to date on the latest industry news. Additionally, try to attend any seminars or workshops that are related to your career choice. You will meet influential people in your field who will broaden your perspective.

To summarize, always remember to remain determined. If you put your mind to it, you can easily achieve your career goals. In other words, people are prone to easily distracting themselves. You must refrain from doing so and instead concentrate on your career path to accomplish your objectives efficiently.

Cash received prior to delivering a product or performing a service is called a(n) a.unearned asset. b.unearned revenue. c.unearned expense. d.unearned contra-asset.

Answers

The correct answer is b. unearned revenue.

Unearned revenue, also known as deferred revenue or advance payments, refers to the cash a company receives from its customers for goods or services that it has not yet delivered or performed. Unearned revenue is considered a liability on the company's balance sheet until the work is completed or the product is delivered, at which point it becomes revenue that can be recognized on the income statement.

Unearned revenue is commonly found in industries such as software and subscription-based services, where customers pay upfront for future access to products or services. It's essential for companies to properly account for unearned revenue to avoid overstating their revenue and profits in a given period.

When a company receives unearned revenue, it records it as a liability on its balance sheet and recognizes it as revenue on the income statement when the associated goods or services are provided. The amount of unearned revenue decreases over time as the company fulfills its obligations to its customers.

In summary, unearned revenue represents cash received by a company before it delivers a product or service to its customers, making it a liability on the company's balance sheet until the related revenue is recognized on the income statement.

learn more about unearned revenue here

https://brainly.com/question/30637807

#SPJ11

Smart Bank’s IT system is cable of processing 12,000 customers a day. All Customer accounts are kept in Customer Accounts database and there is back up system to fulfill the FDIC regulations. Customer transaction information has to be moved to the long-term memory (archive) for backup and to fulfill the FDIC regulations. This database is within the Smart Bank IT datacenter. All company employees will be connected the Customer Accounts database via intranet.
Task: Develop Client/Server diagram for the Bank’s managements office intranet only. You should present the client computers (office PCs), network devices, the customer accounts database and long-term data storage (archive) in your Intranet diagram. You should not be specific about the number of computers in the LAN, you can use generic numbers ( i.e. N, M). There is no requirement for wireless devices, so no access point.
Intranet diagram has the following componentsClient Computers (Office Pcs),
Network Devices
Server
Customer Accounts Database
Data storage (archive)
Connections /cables

Answers

The Client/Server diagram for Smart Bank's managements office Intranet only is shown below:

In the above Client/Server diagram, the following components are present:

Client computers (Office PCs): These are the computers used by the company's employees to access the Customer Accounts database via Intranet.

Network devices: These devices are used to connect the Client computers to the Server and include Switches, Routers, and Hubs.

Server: This is the centralized computer system responsible for processing all the transactions of Smart Bank's customers. The Server is connected to the Customer Accounts Database and long-term Data Storage (Archive) via Connections/Cables.

Customer Accounts Database: This database stores all the information about the Bank's customers. The database is used by the Server to retrieve and update information about each Customer.

Data storage (Archive): This is the long-term data storage system used to backup and fulfill FDIC regulations. The archive is connected to the Server via Connections/Cables. Therefore, the above diagram is an example of a typical Client/Server network architecture used in banks and other financial institutions.

Learn more about the Customer Accounts database: https://brainly.com/question/29436443

#SPJ11

What are the three types of money you should use when paying for college, and what type of money are scholarships and grants?.

Answers

Loans, grants, and work-study are the three categories of federal financial aid.

Grants are typically offered based on financial need, whereas scholarships are merit-based and given to students based on their academic performance, extracurricular involvement, field of study, and other factors.

Financial aid is cash that you are given or lent in order to help you pay for college. Financial aid that you don't have to pay back includes grants and scholarships. They are known as gift aid because of this.

Some college finance methods are:

Try to get a scholarship. Obtain a college grant by applying. Like scholarships, grants for college are based on financial need and are not repaid.Federal student loans and private student loans.Work study programmes at colleges.

To know more about college scholarship refer to the given link:

https://brainly.com/question/28486030?referrer=searchResults

#SPJ4

What are the limitations of an MkIS?

Answers

Answer:

Limitations do exist with an MIS, such as the expense to create and implement an MIS, training time for employees, lack of flexibility and capturing wrong or incomplete information.

Explanation:

ha89-[s89uwpchouhucoeihoichoieho

ha89-[s89uwpchouhucoeihoichoieho

Answers

Answer:

5) B - Steam

6) C - Water Vapor

7) B - Condensation

8. A company with 750,000 shares outstanding that sell for $120 per share has announced a 3-for-5 reverse stock split. Assuming there are no market imperfections or tax effects, what will the stock sell for after the split?

Answers

The new stock price after the 3-for-5 reverse stock split is $200.

A reverse stock split is a reduction in the number of a company's shares outstanding that increases the par value of its stock. In a 3-for-5 reverse stock split, for every 5 shares outstanding, 3 new shares are issued. This means that the total number of shares outstanding is reduced, and the value of each share increases.

To calculate the new stock price after the reverse stock split, we can use the formula:

New stock price = (Old stock price * Old shares outstanding) / New shares outstanding

In this case, the old stock price is $120, the old shares outstanding is 750,000, and the new shares outstanding is (750,000 * 3) / 5 = 450,000.

So, the new stock price after the reverse stock split is:

New stock price = ($120 * 750,000) / 450,000 = $200

Therefore, after the 3-for-5 reverse stock split, the stock will sell for $200 per share.

Learn more about stock split here:

brainly.com/question/14247504

#SPJ11

In making the best economic choices, consumers compare the benefits of the choice to.

Answers

In making the best economic choices, consumers compare the benefits of the choice to its cost.

What is choice?

This is the option that the consumer has considered to be the best way of satisfying his needs.

The choice of a person is a direct measurement of the benefit of the good and the cost that they can offer up for that good.

Therefore, in order to make the best economic choice, the benefits of a good must be compared to cost.

Read more on consumer choices here:

https://brainly.com/question/380037

#SPJ1

what does pei-chia lan call filipino and indonesian domestic workers laboring for newly rich families in taiwan?

Answers

A study of Filipino and Indonesian caretakers who were employed by newly wealthy families in Taiwan reveals how women—both employers and workers, maids and employers—create new global migration flows that unexpectedly destabilize gendered and patriarchal roles.

Is it through action that gender identity is expressed?

Gender performance is the act of expressing one's gender identity.

Who are the four genders?

Nouns in English are classified as masculine, feminine, common, or neuter.

Does Pangender exist?

Pangenders are people who believe they cannot be classified as either male or female. The queer community intends for the term to mean "all genders" and is inclusive.

Which genders are there?

Benestad has observed seven distinct genders through these real-life conversations: Personal, Eunuch, Intersex, Transgender, Nonconforming, and Female

Learn more about gender identity here:

https://brainly.com/question/3474850

#SPJ4

How does investment in human capital impact a company's productivity?
The more workers a company has, the more it produces.
The more highly educated the workforce, the greater the production.
The more the workforce requires extensive training, the less production in the
long run.
The larger the workforce, the larger the management structure and the lower the
production.

Answers

Answer: Human capital is perceived to increase productivity and thus profitability. The more investment a company makes in its employees, the chances of its productivity and success become higher.

can i doit without pay

Answers

Answer:

what?

Explanation:

Two events are __________ if when the outcome of one event is
high, then the outcome of the other event is also low.
a. Positively correlated
b. Uncorrelated
c. Variable
d. Negatively correlated
e. Independent

Answers

d. negatively correlated. This means that the two events are inversely related, so when one event has a high outcome, the other event has a low outcome.

Negative correlation refers to the relationship between two variables where as one variable increases, the other variable decreases. In the context of the question, if one event has a high outcome, then the other event has a low outcome, indicating a negative correlation. A positive correlation would be the opposite, where as one variable increases, so does the other variable. Uncorrelated would mean that there is no relationship between the two events, while independent would indicate that the outcome of one event has no effect on the outcome of the other event.

Learn more about positive correlation: https://brainly.com/question/14436361

#SPJ11

1.2Describe the demand curve of the farmer.Justify your answer​

1.2Describe the demand curve of the farmer.Justify your answer

Answers

Answer:

In this scenario, the farmer's demand curve is likely to be upward-sloping, indicating that as the price of rice increases, the quantity of rice the farmer is willing and able to supply also increases.

Explanation:

The demand curve for the farmer's produce (in this case, rice) is influenced by various factors such as the cost of production, input prices, and market conditions.

In this scenario, the farmer's demand curve is likely to be upward-sloping, indicating that as the price of rice increases, the quantity of rice the farmer is willing and able to supply also increases.

Justification:

1. Rent and labour costs: The farmer has fixed costs such as land rent and labour wages. These costs are independent of the quantity of rice produced. Higher fixed costs may put upward pressure on the price at which the farmer is willing to sell rice to cover these expenses.

2. Input costs: The farmer incurs costs for acquiring raw materials like seeds, water, fertilizer, and pesticides. If the prices of these inputs increase, the farmer's cost of production increases, leading to an increase in the price at which the farmer is willing to sell rice.

3. Market conditions: The farmer's demand curve may also be influenced by market conditions such as the overall demand and supply of rice. If there is high demand for rice or a shortage of supply, the farmer may be able to command a higher price for their produce.

4. Quantity produced: In this scenario, the farmer produces 30 tonnes of rice after the harvest. As the quantity of rice produced increases, the farmer may be more willing to sell at a lower price to ensure all the rice is sold and avoid potential losses due to spoilage or storage costs.

Overall, considering the costs of production, input prices, and market conditions, the farmer's demand curve for rice is likely to be upward-sloping, indicating a positive relationship between price and quantity supplied.

Learn more about demand curve from

brainly.com/question/1486483


How does the Old Testament sacrificial system point to the
person and work of Jesus Christ?

Answers

The Old Testament sacrificial system pointed towards the person and work of Jesus Christ in several ways. This is evident in the following explanations:

The Old Testament sacrificial system required a perfect sacrifice to atone for the sins of the people. In the same way, Jesus Christ's death was seen as the ultimate and perfect sacrifice for the sins of humanity.
In the book of Hebrews, Jesus is described as the High Priest who offered the ultimate sacrifice for sin, which is his own blood (Hebrews 9:12).
The Old Testament sacrificial system was meant to provide temporary atonement for sins until the ultimate sacrifice would come. Jesus Christ, on the other hand, is the perfect sacrifice who provides permanent atonement for sins. He is described as the Lamb of God who takes away the sins of the world (John 1:29).
In the Old Testament, the priests were the mediators between God and the people. In the New Testament, Jesus Christ is the mediator between God and humanity.
He is the one who reconciles us to God and restores our relationship with Him.
the Old Testament sacrificial system was a foreshadowing of the person and work of Jesus Christ. Jesus fulfilled the requirements of the law and provided the ultimate and perfect sacrifice for sin.

Know more Old Testament here,

https://brainly.com/question/28000671

#SPJ11

A person performs a cost-benefit analysis in order to:
A. calculate the expenses of multiple businesses competing in the
same market.
B. evaluate the possible positive and negative effects of different
economic decisions.
C. analyze economic data to reach general conclusions about a
country's economy.
D. determine the tax rates a business will pay depending on its
profits in a year.
o

Answers

Answer:

B. evaluate the possible positive and negative effects of different economic decisions.

Explanation:

Cost-benefit analysis (CBA) is used to examine and compare the cost associated with a project or task and the benefits derived from it.

Simply stated, cost-benefit analysis is a form of utilitarianism commonly used by individuals, business firms and government in the decision-making process, as all the cost incurred are determined and analyzed.

This ultimately implies that, it may be used to determine how changes in differing levels of activities such as costs and volume affect a company's operating income and net income.

Cost-benefit analysis (CBA) sums the total cost associated with a project (activity) and compares this cost against the total benefits that would be generated. Thus, it helps in the decision-making process by comparing the net present value (NPV) of the cost of a particular project with the net present value (NPV) of its benefits.

Hence, a person performs a cost-benefit analysis in order to help him or her evaluate the possible positive and negative effects of different economic decisions with respect to an investment, project, activity, or programme.

Because of the influence of social marketing, the interaction between producer and consumer has become LESS focused on:_________

a. engaging.
b. listening.
c. understanding.
d. entertaining.
e. influencing.

Answers

Answer: d. Entertaining

Explanation:

Because of the influence of social marketing, the interaction between producer and consumer has become less focused on entertaining.

It should be noted that due to social media, entertainment has reduced between producers and consumers but rather, it has to do with engaging, influencing and listening.

Which best describes a tsunami?

large powerful wave caused by an earthquake
when the waves hit the shore at an angle and transport sand
alternating rise and fall of the ocean
an irregular climate event caused by ocean currents in the Pacific Ocean

Answers

Answer:

A. a large powerful wave caused by an earthquake

Explanation:

A tsunami is a series of extremely long waves caused by a large and sudden displacement of the ocean, usually the result of an earthquake below or near the ocean floor. This force creates waves that radiate outward in all directions away from their source, sometimes crossing entire ocean basins.

A tsunami is best described as a large powerful wave caused by an earthquake.

What is a tsunami?

Tsunamis are usually caused by earthquakes or volcanic eruptions. A tsunami is when there is a powerful wave that orgingates from a water body It causes displacement of a large body of water.

Effects of a tsunami includes:

floods wave impact on structures erosion

To learn more about tsunamis, please check: https://brainly.com/question/19570571

Error in amortization schedule 乌ி LO14-3 Nakano Food Products, Inc., acquired a packaging machine from Lawrence Specialists Corporation. - Lawrence completed construction of the machine on January 1, 2022. - In payment for the machine Nakano issued a threeyear installment note to be paid in three equal payments at the end of each year. - The payments include interest at the rate of 10%. - Lawrence made a conceptual error in preparing the amortization schedule, which Nakano failed to discover until 2024. - The error had caused Nakano to understate interest expense by $45,000 in 2022 and $40,000 in 2023. Required: I. Determine which accounts are incorrect as a result of these errors at January 1. 2024, before any adjustments. Explain your answer. (Ignore income taxes.) 2. Prepare a journal entry to correct the error. 3. What other step(s) would be taken in connection with the error?

Answers

1. Accounts affected by the errors at January 1, 2024, before any adjustments need to be determined.(2.) A journal entry should be prepared to correct the error.(3.) Additional steps may be required to address the error.

1. Accounts affected by the errors: The errors in the amortization schedule caused Nakano to understate interest expense by $45,000 in 2022 and $40,000 in 2023. As a result, the interest expense account for both years would be understated. The notes payable account would also be affected because the correct amount of interest expense should have been included in the note payable balance. Therefore, at January 1, 2024, before any adjustments, the interest expense and notes payable accounts would be incorrect due to the errors.

2. Journal entry to correct the error: To rectify the errors, a correcting journal entry needs to be made. The entry would involve increasing the interest expense account by $45,000 for 2022 and $40,000 for 2023, as these amounts were previously understated. Additionally, the notes payable account should be adjusted by the same amounts to reflect the correct balances. The journal entry would debit the interest expense account and credit the notes payable account.

3. Other steps in connection with the error: Apart from the journal entry, further steps may be taken to address the error. This may include notifying external parties, such as auditors or stakeholders, about the correction made to the financial statements. It is important to ensure that the corrected financial statements are properly communicated and any necessary disclosures or adjustments are made to prevent future misstatements. Internal controls and review processes may also be evaluated or strengthened to minimize the chances of similar errors occurring in the future.

know more about Accounts affected :brainly.com/question/30812537

#SPJ11

5. What is the impact of the Online Funds Transfer - From Savings that
appears on John's statement?

John's Savings account balance declined by $50 and his Checking account balance
increased by $50
John's Savings account balance increased by $50 and his Checking account balance
declined by $50
John's Savings account balance had no change and his Checking account balance
declined by $50
John's Savings account balance increased by $50 and his Checking account balance
had no change

Answers

The correct statement that describes the impact of the Online Funds Transfer - From Savings on John's statement is:

John's Savings account balance declined by $50 and his Checking account balance increased by $50.

This means that $50 was transferred from John's Savings account to his Checking account through an online funds transfer. As a result, the balance in John's Savings account decreased by $50, indicating a reduction in the amount of money he has saved. Conversely, the balance in John's Checking account increased by $50, reflecting the additional funds transferred into the account. This transaction represents a transfer of funds between the two accounts, resulting in a decrease in savings and an increase in checking.

For more such answers on Savings

https://brainly.com/question/30101466

#SPJ8

an astronaut weighs 900N on Earth.On the moon he weighs 150N.Calculate the moon's gravitational strength​

Answers

Answer:

Explanation: Formula for weight W = mg ; where m = mass and g = gravity. ... Gravity of Moon = 1/6 × Gravity of Earth. Answer :- Gravitational strength on the moon = 5/3 Nkg-1.

Explanation:

What’s the best answers

Whats the best answers

Answers

I think the fresh vegetables
Other Questions
if someone tells you sound sleep what does it mean PLEASE ANSWER QUICKWhat is the unit rate for the ratio 96:8 Suppose Firm A has a supply curve of and Firm B has a supply curve of QA = -2 + p QB = 0.5p How much is the total supply at a price of $37 Total supply is thousand units (enter your response as a real number rounded to one decimal place). How much is total supply at a price of $147 Total supply is thousand units (enter your response as a real number rounded to one decimal place). HIGHLIGHT the main verbs in each of the following sentences:1. February is the shortest month of the year, but it also feels like the longest month of the year. Which of the following is not a piece of evidence supporting the idea that Europa may have a subsurface ocean?A. Astronomers have detected small lakes of liquid water on Europa's surface.B. Photos of Europa's surface show regions that appear to consist of jumbled icebergs frozen in place.C. Europa's surface shows very few impact craters.D. Europa has a magnetic field that appears to be induced by Jupiter's magnetic field. personafication in a sentence To create an outline for an informative essay, a writer shouldA analyze the prompt and select an appropriate topic.B make a plan and arrange information in a logical order.C write a statement to explain what the essay will discuss.D add effective transitions and remove any informal language. Ronnie received a monthly travel allowance of R3 800 per month, for the full year of assessment. During the current year of assessment, he travelled 16 200 kilometres for business purposes and a total of 40 000 kilometres for the current year of assessment. He spent R10 000 on Fuel, R3 000 on Maintenance, R5 000 on Insurance Premiums and R600 on License Fees. You can assume that the deemed cost per kilometre is correctly calculated to be R4.23 YOU ARE REQUIRED to calculate the Actual cost per kilometre. Select one: a. R0.47 b. R1.14 c. R1.15 d. R4.23 Which of the following BEST describes the purposes of the 14 executive departments?to provide the president with information, administer programs, and carry out thelaws instituted by Congress in their particular area A ball is thrown up on the surface of a moon. Its height above the lunar surface (in feet) after t seconds is given by the formulah =592t - 16/7t^2Find the time that the ball reaches its maximum height. Simplify the expression:10+6g+5g a local theater is showing an anmated movie. They charge $5 per ticket for a child and $12 per ticket for an adult. They sell a total of 342 tickets and make a total of $2,550. We want to try to find out how many of each type of ticket They sold. Let C represent the number of children's tickets sold and A represent the number of adults tickets sold. write an equation that represents the fact that 342 total tickets were sold.write an equation representing the fact that they made a total of $2550Solve the system you created in (A) and (B) by the system of elimination 16 cmDiagram NOTaccurately drawn9cmScm11 cm26 cm18 cmThe diagram shows a shape.All of its corners are right angles.Work out the area of the shape. Two students created a list of steps for the following construction. Which student has steps in the correct order, and which does not? Explain.You are given line AB and point C. Construct a line parallel to line AB that passes through point C.Student A Steps:1. Draw a line that intersects points B and C.2. Draw a line through point C and point G.3. Keep the compass at the same width, and place it on point C.4. Keeping the compass at the same width, place it on point F.5. Mark the intersection of the two arcs as point G.6. Open the compass to the width between points D and E.7. Place the compass on point B, and swing an arc that crosses line AB and line BC.8. Label the points D and E.9. Swing an arc that crosses line BC, and label the point F.10. Swing an arc that intersects the arc created from line BC at point C.Student B Steps:1. Draw a line that intersects points B and C.2. Place the compass on point B, and swing an arc that crosses line AB and line BC.3. Label the points D and E.4. Keep the compass at the same width, and place it on point C.5. Swing an arc that crosses line BC, and label the point F.6. Open the compass to the width between points D and E.7. Keeping the compass at the same width, place it on point F.8. Swing an arc that intersects the arc created from line BC at point C.9. Mark the intersection of the two arcs as point G.10. Draw a line through point C and point G. Write the correct postulate, theorem, property, or definition that justifies the statement below the diagram. Whats the answer???? What have you learned from the Bobo doll experiment? The martins want to buy a new computer the regular price is 849$ the store is offering a 20% discount and a sales tax of 6% is added after the discount how much is the discount? 1- Who is the author of America that Beautiful?2. What made Bobby and Al Unser Famous?3. What is a reason we should reduce our plastic use? In construction, floor space must be planned for stair cases. If the vertical distance between the first and second floors it's 3.6 m and a contractor is using the standard step pattern of 28 cm wide for 18 cm high and how many steps are needed to get the first to the second floor and how much linear distance will be needed for the staircase? What is the length of the railing that would be attached to these stairs? Round to the nearest hundredth.