State the Effect on Net Income, Total Assets, and Total

question 98

Essay

State the effect on net income, total assets, and total liabilities if the following adjustments were not made.
a)Service revenue earned but not yet collected, $2,400.
b)Utilities expense incurred but not yet recorded, $1,200.
c)Unearned revenue earned during the period, $5,600.
d)Supplies used during the period, $1,700.
e)Amortization on buildings, $26,000. $\begin{array} { | c | c | c | c | } \hline \text { Item } & \begin{array} { c } \text { Effect on } \\\text { Net Income }\end{array} & \begin{array} { c } \text { Effect on } \\\text { Total Assets }\end{array} & \begin{array} { c } \text { Effect on Total } \\\text { Liabilities }\end{array} \\\hline \text { a) } & & & \\\hline \text { b) } & & & \\\hline \text { c) } & & & \\\hline \text { d) } & & & \\\hline \text { e) } & & & \\\hline\end{array}$

Analyze how geographical and customer structures cater to regional and customer-specific needs.

Explain how divisional structures support product, service differentiation, and customer satisfaction.

Understand the challenges and complexities involved in managing organizational structures.

Understand the relevance and applicability of CVP analysis in management functions.

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Definitions:

Market Rate Of Interest

The prevailing rate at which interest is paid by borrowers for loans or earned by investors in the marketplace, determined by supply and demand forces.

Market Rate Of Interest

The prevailing rate of interest determined by supply and demand in the credit market.

Profit Per Barrel

The net income a company earns for each barrel of oil or similar commodities produced or processed.

Present Value

The contemporary valuation of a future lump sum or cash flow sequence, based on a chosen rate of earnings.