a prior period adjustment should be reported as an adjustment to the retained earnings balance at the beginning of the period in which the adjustment was made. true false
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a prior period adjustment should be reported as an adjustment to the retained earnings balance at the beginning of the period in which the adjustment was made- false.
What is retained earnings?The retained earnings (also known as plowback[1]) of a corporation is the accumulated net income of the corporation that is retained by the corporation at a particular point of time, such as at the end of the reporting period. At the end of that period, the net income (or net loss) at that point is transferred from the Profit and Loss Account to the retained earnings account. If the balance of the retained earnings account is negative it may be called accumulated losses, retained losses or accumulated deficit, or similar terminology. Any part of a credit balance in the account can be capitalised, by the issue of bonus shares, and the balance is available for distribution of dividends to shareholders.
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Related Questions
In the long run, a monopolistically competitive firm produces where its ________ is tangent to its ________.
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In the long run, a monopolistically competitive firm produces where its average total cost curve is tangent to its demand curve.
In the long run, a monopolistically competitive firm produces where its average total cost (ATC) is tangent to its demand curve. This point of tangency is known as the long-run equilibrium or the zero economic profit point.
In monopolistic competition, firms have some degree of market power and differentiate their products from competitors, leading to a downward-sloping demand curve. This means that as the firm increases its output, it faces diminishing marginal returns and the average total cost begins to rise. At the same time, the firm's demand curve reflects consumers' willingness to pay for its unique product, and it slopes downward due to product differentiation.
To maximize profits, a monopolistically competitive firm adjusts its output until it reaches the point where its marginal cost equals its marginal revenue, which is the slope of the demand curve. In the long run, the firm aims to minimize its average total cost while still meeting consumer demand. This occurs where the ATC curve is tangent to the demand curve. At this equilibrium point, the firm is producing the quantity that maximizes its profits while covering its costs.
It's worth noting that in the long run, firms in monopolistic competition can earn only normal profits (zero economic profit) due to low barriers to entry. If firms are making excess profits, new firms will enter the market, leading to increased competition and driving profits down to zero in the long run. Conversely, if firms are making losses, some firms may exit the market, reducing competition and allowing the remaining firms to earn normal profits.
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When seeking collaboration on writing instructions for product use before releasing the information to the consumer, which method would yield the best results? Blog Podcast Wiki Companies can use blogs to share late-breaking news of tidbits of interest to employees. This is an example of Blogs take the same care and attention as other business writing.
Answers
Answer:
Wiki
Explanation:
The best option in this case would be to use a Wiki, which is a collaborative website, where users can add content, news, information about a certain subject and thus generate more complete and efficient content.
The advantages of using Wiki for companies is the possibility of access controls, modifications, collaboration, etc.
So this would be the ideal method for a company that seeks collaboration in writing instructions for using the product before releasing the information to the consumer.
What is the hazard? Chris works for a city public works department. One hot afternoon the temperature outside reached 92 degrees. While Chris was shoveling dirt in a vacant lot, he started to feel dizzy and disoriented. He fainted due to the heat.
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Answer: dehydration
Explanation:
Answer:
dehydration and heat exhaustion.
Explanation:
I hope this helps! :)
instead of 10 percent, Juan plans to pay 20 percent as a down payment on a car that costs $12,000. How will this higher down payment affect his equity? O A. A higher down payment means he will have more equity. O B. A higher down payment will compound equity faster. C. A higher down payment means he will have less equity. D. A down payment means has no effect on equity.
Answers
Answer:
A
Explanation:
a higher down payment means he will have higher equity
Answer:
A is your answer!
Explanation:
The number of dependents that people are choosing to have is ?
O decreasing
O increasing
Answers
Current demographic trends show that the number of dependents that people choose to have is Decreasing.
What is the trend in dependants?A general trend that has been noticed in recent years is that people are choosing to have less dependants such as children.
The top reasons for this include more education and increased economic hardship.
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alpha corp. is prohibited from issuing more senior debt unless net tangible assets exceed 200% of senior debt. currently, the company has outstanding $100 million of senior debt and has net tangible assets of $262 million. how much more senior debt can alpha corp. issue?
Answers
Alpha corp can issue senior debt of more than $25 Million.
According to the question, it is already given that Alpha Corp. is prohibited from issuing more senior debt unless net tangible assets exceed 200% of senior debt. Therefore Alpha Corp. Can issue debt only half of the net tangible asset. Alpha Corp. has net tangible assets of $250 Million. Therefore Alpha can issue 50% of $250 million as a senior debt which is $125 Million. Because at $125 million of senior debt Alpha is meeting the requirement of 200% of the net tangible asset. Additional further senior debt can be issued = total senior debt can be issued - existing senior debt additional further senior debt can be issued = $125 million - $100 million. Hence additional further senior debt can be issued = $25 Million.
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Does the Federal Reserve pay taxes?
Answers
Answer:
Federal Reserve banks are exempt from paying taxes at the federal, state and local levels, except on real estate holdings. This is because of rules on taxation set forth in Section 7(c) of the Federal Reserve Act.
Explanation:
How does a command economy differ from a mixed market economy? 1. In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights. 2. In a command economy, citizens have more property rights. In a mixed market economy, citizens have fewer property rights. 3. In a command economy, citizens own all public property. In a mixed market economy, the government owns all private property. 4. In a command economy, citizens own all private property. In a mixed market economy, the government owns all public property
Answers
Answer: In a command economy, citizens have fewer property rights. In a mixed market economy, citizens have more property rights. A command economy is one in which the government has almost complete control of property, businesses, and the economy in general.
Explanation:
Which of the following is an example of a soft skill?
O A. Ability to use CSS spreadsheets
B. Ability to manage spreadsheets
C. Ability to work well with a project team
D. Ability to manipulate images using computer software
Answers
The ability to work well with project teamwork of the following is an example of a soft skill. The correct option is C.
Soft skills are character traits that help people interact with others positively and successfully. They are immaterial and typically do not pertain to a particular profession or sector of the economy. Soft skills examples include emotional intelligence, teamwork, problem-solving, flexibility, leadership, and communication.
The traits and aptitudes that enable you to work successfully with others during discussions, projects, meetings, or other collaborations are known as teamwork skills. Your capacity for effective communication, attentive listening, responsibility, and honesty are all necessary for teamwork.
Thus, the ideal selection is option C.
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although anorexics feel a(n) __________ over eating, bulimics feel a _____________.
Answers
Answer:
Although anorexics feel a(n) _Sense of control_____ over eating, bulimics feel a _ lack of control._____ Unfortunately, the drive for thinness in ...
Explanation:
Click this link to view O*NET’s Work Styles section for Biomedical Engineers. Note that common work styles are listed toward the top and less common work styles are listed toward the bottom. According to O*NET, what are some common work styles needed by Biomedical Engineers? Check all that apply.
analytical thinking
negotiation
dependability
integrity
dominance
attention to detail
Answers
Answer: analytical thinking
dependability
integrity
attention to detail
Explanation:
Biomedical engineering is also referred to as medical engineering and it has to do with how the principles of engineering are applied to medicine.
According According to O*NET, the common work styles that are needed by the Biomedical Engineers are analytical thinking, dependability, integrity and attention to detail.
Answer:
analytical thinking
dependability
integrity
attention to detail
Explanation:
Two common measures of the overall level of prices are.
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Two further indicators of the general level of prices are the GDP deflator and the consumer price index.
What do you mean by price level?The price level is determined by averaging the current prices for all the goods and services produced in an economy. Price level refers to the cost or price of a good, service, or security in the market.
Price level indicators track changes over time and indicate the overall level of pricing for goods and services in an economy.
The Consumer Price Index (CPI), The GDP deflator, and Producer Price Indexis the three main price level indicators that economists and policymakers frequently cite (PPI).
Therefore, the aforementioned are some of the usual indicators of price level changes.
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which of the following should be pracited among all co workers in the workplace
a.bullying
b.discrimination
c.stereotyping
d.tolerance
Answers
Answer:
c
Explanation:
Answer:
D. Tolerance
Explanation:
Because what, you souldnt do any of the others, dude, teachers sometimes
HELP
Question
Q. To properly manage your checking account you should do which of the following?
A.Update your transaction register regularly to include all checks, ATM withdrawals, and debit card purchases.
B.Balance your checkbook daily using the most current information about your account by phone, ATM, or online.
C.Promptly review your checking account statement every month.
D.All of the above
Answers
Which of the following is a personal benefit of eaming a college degree?
A. You have more friends.
B. You are more likely to exercise.
C. You have a longer life expectancy.
D. You are more likely to vote for the right candidate.
Answers
Answer:
Option B !!!!! :))
Explanation:
How do credit card companies use a person's credit report?
A.) To determine if that person should be given a loan or credit card
B.) To calculate how much interest the person is owed on their account
C.) To help them figure out ways to pay off their outstanding debt
D.) To figure out if that person has been using a budget
Answers
Answer:
The answer is the letter A
Answer:
A
Explanation:
When comparing short-run average total cost with long-run average total cost at a given level of output, a. short-run average total cost is typically below long-run average total cost. b. short-run average total cost is typically the same as long-run average total cost. c. short-run average total cost is typically above long-run average total cost. d. the relationship between short-run and long-run average total cost follows no clear pattern.
Answers
Answer:
c. short-run average total cost is typically above long-run average total cost
Explanation:
In the case when the average of the total cost of the short run should be compared with the average of the total cost of the long run for a given output level so this means that the average of the total cost of the short run should be more than the average of the total cost of the long run
Therefore as per the given situation, the option c is considered
Customer relationship management is used for all of the following EXECPT
Can anyone help me with this question? Please and thank you.
A. to target highly valued customers.
B. to identify all customers who shop with the company.
C. to develop strong customer relationships.
D. to create offers tailored to specific customers.
Answers
Answer:
The correct answer is B.
Explanation:
hope it help
Which collection instrument do businesses generally use to conduct surveys? Businesses usually use a collection instrument such as a BLANK to collect market research data through surveys.
Answers
Answer:
questionnaire
Explanation:
A questionnaire is basically a survey, only that it is a much fancier term. Surveys and questionnaires are basically synonyms, and are both used to gather primary information, i.e. first hand information directly form the source. They are the most commonly used research tools.
in order to reduce the money supply, the fed can use open-market operations to
Answers
In order to reduce the money supply, the Fed can use open-market operations to sell government securities, such as Treasury bonds, bills, and notes, to commercial banks and the public.
When the Federal Reserve sells these securities, it effectively removes cash from the financial system, as the buyers of these securities pay for them with their cash reserves. As a result, the amount of available money in circulation decreases, leading to a contraction in the money supply.
Open-market operations are a key tool used by central banks, like the Federal Reserve, to implement monetary policy and control inflation. By adjusting the money supply, the Fed can influence interest rates, which in turn can affect the overall economy. When the Fed sells government securities, it causes a decrease in the money supply, which can lead to higher interest rates. This can slow down economic growth and help curb inflation.
In summary, the Federal Reserve can use open-market operations to reduce the money supply by selling government securities. This action takes cash out of the financial system, resulting in a decrease in the money supply and potentially leading to higher interest rates, which can help manage inflation and maintain economic stability.
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3
The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-year-old boy jumped
in their pool and was injured. The boy's family will MOST likely sue the Gregors for what?
OA coverage
OB. negligence
OC fraud
OD. consideration
Answers
The Gregor family installed a pool in their backyard but refused to put in a fence. While the Gregors were on vacation, a 10-year-old boy jumped in their pool and was injured. The boy's family will MOST likely sue the Gregors for negligence.
As there is negligence on gregors family part, which can be completely seen as they refused to put fence in their backyard.
Negligence is a failure to exercise ethical ruled care that was expected to be exercised amongst specified circumstances here refused to fence the pool in the backyard.
The area of tort law is known as negligence involves harm caused by failing to act as a form of carelessness possibly with given circumstance.
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Interview a business manager on the crisis experienced in the workplace
Answers
Answer:
During an interview, a hiring manager may ask you about previous challenges you've faced in the workplace. The most effective answer to this question will highlight your problem-solving skills and professionalism. Preparing for this question ahead of time will provide you with greater confidence and a better chance of impressing the hiring manager. In this article, we discuss why employers ask this question, explain how to answer it and provide you with a list of example answers.
Explanation:
Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
What is a Business Manager?A business manager can be defined as a person that help to manage a company or an organization business so as to ensure that the business is running effectively.
A business manger is in the right position to know the crisis happening in his/her workplace and how to effectively manage the crisis and to ensure smooth running of the business.
Therefore Interviewing a business manager on the crisis experienced in the workplace will help to know how efficient the business manger is.
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can pottery be a job?? what would i major in for that…
Answers
Answer:
Yes, pottery can be a job. You would need a degree in ceramics to get a lasting job in pottery
Explanation:
A firm’s mixture of debt and equity financing is the result of its ______ decisions.
Answers
Explanation:
Its answer is capital structure
OK I need to think of a name for my business. My business I want to make will have lip gloss,bath bombs, necklaces, rings and other things. I need a girly name but not to girly. Can you share some ideas? Please help I'll give u anything, like a 5 star or something.
Answers
Answer:
Halonia
Explanation:
Sounds very unique and different. Very eye catching. Sounds girly but not too girly.
Valerie wants to buy a home in the suburbs, but she only has enough money to make a 17% down payment. The lender tells her that, until she saves enough to make at least a 20% down payment, she will have to wait to purchase. Evaluate if Valerie's lender is correct, and why/why not.
Answers
Answer:
Valerie's lender is wrong.
Explanation:
Valerie's lender is wrong. For most loans she should have the option of purchasing PMI if she can't make 20% down payment.
PLEASE HELP WITH THIS
Answers
Supplies Expense 2,900,Supplies 2,900This entry records the supplies used during the year. The Supplies Expense account is debited for the amount of supplies used.
What is year ?Year is a measurement of time that is commonly defined as the number of full rotations of the earth around the sun. A year is typically divided into twelve months, each of which consists of thirty to thirty-one days. Depending on the calendar system, a year can also include an extra day or two to account for the fraction of a rotation that is leftover. In most cases, a year is 365 days long, although leap years are 366 days long. The length of a year determines how we mark the passage of time and when events are celebrated.
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What is a true statement in regards to managing access to reports and dashboards? Choose 2 answers A. Users with the "Manage Public Reports" permission can organize reports by creating custom report folders and sending invitations to users to access them. B. Users must have certain permissions to access public, hidden, or shared folders. C. Users with the "Manage Public Reports" and "Create and Customize Reports" permissions can create custom reports that all users can view. D. Users that want to grant access to personal folders can manually share a personal folder with a user or public group
Answers
The dashboard's data is chosen by the running user based on their security preferences. Important It is possible to provide dashboard readers with a more comprehensive view of the data than they typically see when you identify the running user. Hence option C is correct .
What kind report should be in Dashboard ?A different source lists the following choices as potential answers to this query:
A. an executive summary without a chartB. a summary report with a 10 row displayC. a table-based report with a graphD. a tabular report with a row size of 10E. concise report with a graphThese three report kinds can be utilized to provide a list of accounts on a dashboard. The appropriate report type for a given piece of information relies onon the message we want to get over to the audience.
A summary report without a chart, a summary report with a chart, or a tabular report with rows would all be the most effective ways to present a rating list.
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How do the events of the nation affect the national debt?
Answers
Answer: Growing debt has a direct effect on economic growth and the opportunities available to every individual in the country. If excessive levels of debt crowd out private or public or mutual investments in capital goods or works, workers would have less to use and get from their jobs, which would translate to lower productivity work and, therefore, lower wages in multiple aspects of the country's work done. High levels of debt would affect many other aspects of the economy in the future. For eq, higher interest rates result from increased borrowing from multiple agencies and invite under the various segments of college education house loan work loan. Less education and work opportunities will need skills up for various degrees and work to be followed under any scheme.
Explanation:
If we fail to act before a stipulated time the long time fiscal challenges will remain unaddressed and unchanged. The economic crisis and the overall economic environment weaken as confidence suffers, the access to capital funds gets reduced, interest costs crowd out key investments in our future, the conditions for growth deteriorate, and our nation is put at greater risk of economic crisis. If our long-term fiscal imbalance is not addressed, our future economy will be minimized, with fewer economic opportunities for families and workers down there in their own country.A gardener has four rows available in her vegetable garden to place four different vegetables. Each vegetable will be allowed one and only one row. How many ways are there to position these vegetables in her garden
Answers
As per the combination method, the number of ways to position these vegetables in her garden is 1.
This is a combination problem, which calculates the number of ways to determine a specified number of objects from a total number of objects where order is not important.
Using this formula, we can calculate the number of ways to position the vegetables in the garden. Since there are four different vegetables and four available rows, we can say that n = 4 and r = 4. Plugging these values into the combination formula, we get:
C(4,4)= 4! / 4!(4-4)! = 4! / 4!0! =1
This indicates that there is only one way to position the vegetables in the garden, as each vegetable can only be placed in one row and all rows must be filled.
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