For each of the following oversights, state whether total assets will be understated, overstated, or not affected. ______ a.Failure to record revenue earned but not yet received ______ b.Failure to record expired rent ______ c.Failure to record accrued interest in the bank ______ d.Failure to record depreciation ______ e.Failure to record accrued wages ______ f.Failure to convert unearned revenue
to earned revenue
Fill in the blank(s) with correct word
a. Understated
b. Overstated
c. Understated
d. Overstated
e. Not affected
f. Not affected
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A double-sampling plan has n1 = 50, n2 = 100, c1 = 2, and c2 = 4. Suppose on the first sample, five defectives were discovered. How many total items will be inspected before a decision is reached?
A) 50 B) 100 C) 150 D) This cannot be determined with the information provided.
Identify the financial analysis building block most appropriately associated with each ratio listed below. Each building block may be used more than once.
A. Price Earnings Ratio B. Dividend Yield C. Accounts Receivable Turnover D. Days' Sales in Inventory E. Inventory Turnover F. Return on Total Assets G. Basic Earnings per Share H. Equity Ratio I. Debt Ratio J. Times Interest Earned
Zachary holds 15 stocks in his portfolio. The portfolio's return last year was 11%, but one stock, RJH, doubled in value. What should Zachary do if he wants to be as diversified as he was at the beginning of the year?
A) Sell some of the RJH because it now constitutes a higher percentage of his holdings. B) Sell the worst performing stock and use the proceeds to buy more RJH. C) Wait for the price for RJH and the remaining stocks to rise so the proportions are reestablished. D) Sell the RJH and buy a cheaper stock in the same industry.
An EIS is filed with the: A) Council on Environmental Quality
B) NPDES. C) EPA. D) None of the above