At the end of the current year, the accountant for Colorful Graphics, Inc. forgot to make an adjusting entry to accrue Wages Payable to the company's employees for the last week in December. The wages will be paid to the employees in January
Which of the following is an effect of this error?
A) Net income is overstated.
B) Liabilities are overstated.
C) Net income is understated.
D) Expenses are overstated.
A
Business
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The _____ method of sales forecasting is typically applied to monthly or quarterly data where a seasonal pattern is evident and the manager wishes to forecast sales not only for the year but also for each period of the year.
A. Delphi technique B. Users' expectations C. Decomposition D. Time series E. Statistical demand analysis
Business
An example of a horizontal organization structure would be a
a. department producing an engine. b. team assembling components for company machines. c. purchasing department. d. team responsible for filling orders.
Business