true or false for the best control of both the accelerator and brake pedals rest the heel of your foot on the floor??

Answers

Answer 1

Answer: FALSE!
the accelerator and the break pedal, the heel of the foot should remain on the floor.

Answer 2

Answer: It should not leave the floor and your left leg/ foot needs to be out of the way while you are operating your vehicle.

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A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. What are these other alternatives called?opportunity cost

trade-off

scarcity.

none of the above

Answers

The right answer for the question that is being asked and shown above is that: "opportunity cost."A business chooses to build army tanks rather than butter-making machines, bread machines, or candy vending machines. These other alternatives are called opportunity cost

Trade-offs! Just took the test!

During 2016, P Company discovered that the ending inventories reported on its financial statements were incorrect by the following amounts:2014 $120,000 understated
2015 150,000 overstated

P uses the periodic inventory system to ascertain year-end quantities that are converted to dollar amounts using the FIFO cost method. Prior to any adjustments for these errors and ignoring income taxes, P's retained earnings at January 1, 2016, would be:

Answers

Answer:

$150,000 overstated

Explanation:

Given

2014 $120,000 understated

2015 150,000 overstated

Using the FIFO cost method, the retained earnings would be $150,000 overstated.

The understated earnings of $120,000 would affect the earnings of 2014 cost of goods sold to be entered as overstated. At the same time, this would understate the net income and the retained earnings.

Having mentioned the above, this would also affect the beginning Inventory of 2015 cost of goods sold to be understated. By the same virtue, this would overstate the net income and the retained earnings by the same amount the net income and retained earnings is understated, effectively correcting the balance of the retained earnings.

Lastly, The $150,000 overstated ending inventory would then affect the 2015 cost of goods sold to beunderstated; this would overstate the Net Income and Retained Earnings.

Answer:

P's retained earnings are overstated by $150,000.

Explanation:

First of all, the $120,000 inventory understatement would cause the 2014 cost of goods sold to be overstated. In other words, profits and consequently retained earnings were understated because COGS were too high.

Because the 2014 ending inventory was understated, the beginning inventory in 2015 would be understated also. Since the initial inventory was understated, the COGS would be too low during 2015, which would end up correcting the previous error during 2015 (both profits and retained earnings should level up).

By the end of 2015, an error happened again and this time the ending inventory was overstated by $150,000, which understates COGS and overstates profits (and retained earnings). This should also be corrected during 2016, but since we are asked about January 1, 2016, then the correction hasn't occurred yet.

The problem with a periodic inventory system is that COGS is determined at the end of the accounting period, unlike a perpetual inventory system that records COGS immediately. Any variation in final inventory will change profits and directly affect retained earnings.

Stan loves collecting stamps. he receives an email that appears to come from a well-known stamp auction site asking him to reset his username and password. he clicks on the link and it takes him to a site that looks similar to the auction site, but the web address is "scrambled" and unreadable. he emails the customer service desk at the auction site and discovers they never sent the email. this scenario is an example of attempted ________.

Answers

This is an example of attempted 'Phishing'

On the internet, Phishing is a practice whereby someone tries to steal important personal information such as email passwords, credit card details, bank account information by posing as a trustworthy company/person/entity.

It is a big problem on the internet where thousands of people are scammed by con-artists who develop email addresses and fake websites to pose as their bank or even as someone they know

The Mars company's new Topeka, Kansas, manufacturing plant is the first new facility the company has opened in North America in 35 years. The new plant is which type of tangible resource?

Answers

Answer: Physical Resource

Explanation: Physical resource may be described as material assets or tangible resources owned by a business. Physical resources may include buildings, jewelleries and ornaments, land, vehicles, cash and so many other. In most cases, physical resources are visible to the eye and are sellable as they can be easily liquidated and have a set value, they can also be used as collateral for loans and so on. They are essential for financial analysis as it helps evaluate financial status of a business.

On December 1, Bright Company receives a 6% interest-bearing note from Galvalume Company to settle a $20,000 account receivable. The note is due in three months. At December 31, Bright should record interest revenue ofa. $100.b. $600.c. $0.d. $200.