Answer:
$1,448,350 ; $5,539,760
Explanation:
The corrected amount is as follows
For cost of goods sold
= Reported cost of goods sold - overstated value of ending inventory in year 2019 + overstated value of ending inventory in year 2020
= $1,517,400 - $105,590 + $36,540
= $1,448,350
For retained earnings
= Reported retained earning - overstated value of ending inventory in year 2020
= $5,576,300 - $36,540
= $5,539,760
Answer:
ROE = 33.33%
Explanation:
<em><u>return on equity:</u></em>
<em><u>where:</u></em>
Average equity
(140 + 160) / 2 = 150
return on equity : 50 / 150 = 1/3 = 0.3333 = 33.33%
The ROE measures the effectiveness of the managers to generate profit with their current net assets(equity)
This ROE of 33.33% rrepresent that for every dollar of equity the company generates 33 cents of income
Yes , the given statement is true
Explanation:
Since the credit limit is now 10k for purchases of Marketpoint, the demand requires them.
You will apply for an increasing or decreasing in the loan cap electronically and will actually receive an immediate decision.
You should wait 4 months before your credit limit is extended and wait 6 months after a drop in your credit ceiling for an increase.
Answer:
5.022 Million dollars
Explanation:
According to Apple 2017 financial report and looking at the consolidated balance sheets of the company, the warranty expenses of Apple was 5.022 millions. Other than this, Apple paid $4.401 Million as warranty claims.
These statistics are used by managerial accountants to inform all the stakeholders about the company cost and projections and warranty claim is one major head in it
Answer:
Embedding culture.
Explanation:
Embedding culture requires determining your leadership style, role modeling, teaching, and coaching. It is seen in how rewards and status is given and to whom, and in our criteria for recruitment, selection, promotion and excommunication of members.
