the reported net incomes for the first 2 years of sandra gustafson products, inc., were as follows: 2020, $147,000; 2021, $185,000. early in 2022, the following errors were discovered.
Answers
The reported net incomes for the first 2 years of Sandra Gustafson Products, Inc. were incorrect due to some errors discovered in early 2022.
The reported net income for 2020 was $147,000 and for 2021 it was $185,000. However, some errors were discovered early in 2022 which caused the reported net incomes to be incorrect. It is unclear what specific errors were made or how they affected the reported net incomes, but it is likely that they were corrected once they were discovered. It is important for companies to accurately report their financial information, so any errors should be addressed and corrected as soon as possible.
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Related Questions
Explain how internal business changes affect the company’s primary business activities.
Answers
When a commercial enterprise modification its inner structure, the number one commercial enterprise sports ought to extrude in response. Human-sources control and operations are affected dramatically internal business changes affect the company’s primary business activities.
New process descriptions, new tasks, and probably new techniques are involved. New techniques of dealing with data can be required, too. Financial evaluation is used to assess monetary trends, set monetary policy, construct long-time period plans for commercial enterprise activity, and pick out initiatives or businesses for investment. This is performed via the synthesis of monetary numbers and data.
Outside commercial enterprise modifications have an effect on the number one commercial enterprise sports; remember the outcomes of a merger among big corporations. the dreams of the 2 corporations extrude as the 2 businesses end up one. this indicates that the strategic control of the 2 corporations combines.
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Mary remodeled her bathroom, and her assessment went from $67,000 to $71,000. If she pays taxes at a rate of 31.5 mills, what is her increase in property tax?
Answers
Answer:
$126
Explanation:
To solve, find the amount of property tax at $67,000, then find the amount of property tax at $71,000 and subtract the amounts.
Mary remodeled her bathroom, and her assessment went from $67,000 to $71,000. If she pays taxes at a rate of 31.5 mills, Then her increase in property tax will be $126.
What is tax?The taxes are mandatory contributions, that are levied on individuals or corporations by a government entity—whether local, regional, or national.
The tax revenues are basically used for financing government activities, including public works and services such as construction of roads, hospitals and schools, or programs such as Social Security, old age pension and Medicare.
In economics, taxes fall on whoever pays the burden of the tax, whether this is the entity being taxed, such as a business, or the end consumers of the business’s goods.
Mary remodeled her bathroom, and her assessment went from $67,000 to $71,000. If she pays taxes at a rate of 31.5 mills, Then her increase in property tax will be $126.
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give me some solutions for ups and please read the articles in ordered to do that & I’ll remark u as brainliest
Answers
The first element as per the order of the article be 'The Heading'. The 2d component as per the order of the article must be 'The Name Of The Writer'. The 1/3 aspect as per the order of the article must be 'Introduction'.
Which article used before order?As usual, the precise article "the" is used where the object is recognised information. I would assume "an order" here. If you say "the order", this implies that the recipient already is aware of which order you mean: presumably you have beforehand discussed it.
Does the order of articles in a journal matter?Although an creator list should solely mirror those who have made enormous contributions to a research mission and its draft manuscript (see, for example, the authorship recommendations of the International Committee of Medical Journal Editors), we might be remiss to say that writer order does not matter.
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During the manage communications process, project managers must continuously monitor relationships, communications, and lessons learned in order to manage stakeholder expectations. a. true b. false
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The statement During the manage communications process, project managers must continuously monitor relationships, communications, and lessons learned in order to manage stakeholder expectations is: a. true.
Who is a stakeholder?A stakeholder can be defined as a workers or employees that involve in the day to day running or operation of a business.
This people tend to have the interest of the company they work at mind as they ensures the goals and objective of the company is achieved.
Therefore the statement During the manage communications process, project managers must continuously monitor relationships, communications, and lessons learned in order to manage stakeholder expectations is: a. true.
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lewis company's standard labor cost of producing one unit of product dd is 3.60 hours at the rate of $13.10 per hour.
Answers
Lewis Company's standard labor cost for producing one unit of product DD is calculated by multiplying the standard labor hours per unit by the standard rate per hour.
In this case, the standard labor cost per unit of product DD is 3.60 hours multiplied by $13.10 per hour. Therefore, the standard labor cost of producing one unit of product DD for Lewis Company is $47.16. The standard labor cost is an important factor in determining the total cost of production. It represents the expected cost of labor required to produce one unit of a product, based on the standard labor hours and rate set by the company.
In this case, the standard labor cost for Lewis Company's product DD is calculated by multiplying the standard labor hours per unit (3.60 hours) by the standard rate per hour ($13.10). This gives us a total of $47.16, which represents the expected cost of labor for producing one unit of product DD. It's important to note that this is the standard labor cost and may differ from the actual labor cost incurred during production. Factors such as efficiency, skill level, and overtime can impact the actual labor cost. However, the standard labor cost provides a benchmark for estimating and analyzing production costs.
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HELP 20 POINTS !!!!!!!!
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Note that in order to complete the INCOME section on Form 1040 you need a W-2 Form from your employer.
What is a W-2 Form?The W-2 form is used to record an employee's salary, taxes, and other details of their employer's remuneration to the IRS.
This form reveals your yearly earnings as well as the amount of taxes taken from your paychecks.
The principal tax form used by US taxpayers to file their annual income tax returns is Form 1040. Taxpayers fill out the form with their personal and tax information, then send it to the IRS for evaluation.
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Need help ASAP!
Select the described workplace culture from the drop-down menu below.
* workplace culture emphasizes everyone being in agreement
* workplace culture emphasizes development of new skills
* workplace culture emphasizes reacting quickly to change
* workplace culture emphasizes accomplishing goals
Answers
Answer:
The workplace culture emphasizes everyone being in agreement.
Explanation:
The workplace culture emphasizes everyone being in agreement.
An organization should have a good work condition that should be create a good relationship and employee-employee and employer-employer relationship.
It should helped to everyone to achieve their organizational target.
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✔ Consistency-oriented
workplace culture emphasizes everyone being in agreement.
✔ Involvement-oriented
workplace culture emphasizes development of new skills.
✔ Adaptive
workplace culture emphasizes reacting quickly to change.
✔ Achievement-based
workplace culture emphasizes accomplishing goals.
Explanation:
answer on edge
I Will give brainliest!!!!!!!!!!!! Now I know this isn't a question for schools, but I figured I really need this answer. A friend and I have a really good idea for a device, but we don't know anything about making machines and coding. How would we get someone who would help us make this idea a reality. I don't mean investors, because then we would still need to make a prototype, I mean find someone with the capabilities of producing our product as well as code it, and so on
Answers
Answer:
post an ad online
Explanation:
or flyers in your city work well to, my friend and i did that and we got a lot of offers
If you are interviewed by more than one person, you should send a thank-you note to _____.
each person in the interview
each person you see in the building
the first person you are introduced to
the person who is obviously leading the interview
Answers
Answer:
option A is correct.
i.e.
each person in the interview.
Explanation:
Because thank-you letter provides a simple but effective way to express gratitude to all the individuals you met with.
Tammy is the owner of British Brushes. Due to the price of paint, she has to raise the prices of her painting classes. What curve is affected and what determinant caused this change?
a. The Supply Curve shifted to the Left because the cost of inputs increased.
b. The Demand Curve shifted to the Right because of the change in consumer income
c. The Supply Curve shifted to the Right because the cost for new technology decreased
Answers
In a condition where Tammy has to increase the prices for her painting classes, the supply curve will show a shift to the left because the input costs also saw a rise. Therefore, the option A holds true.
What is the significance of input costs?Input costs can be referred to or considered as costs that are associated with the production of goods or services for a firm in the economy. A business can not grow or sustain without incurring input costs. When input costs for a firm increase, the supply curve of an economy shifts to the left.
In the above condition, when prices of paint increase, it also leads to an increase in the input costs for Tammy, and as a result of the same, the supply curve shows a shift towards the left.
Therefore, the option A holds true and states regarding the significance of input costs of British Brushes.
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according to capm, which of the following statements is incorrect? group of answer choices if two stocks have different variances but the same beta, the stock with the higher variance will have a higher required rate of return the risk-free asset has a beta of zero. investors should only earn a risk premium when they are exposed to systematic risk. the security market line captures the relation between risk and required return.
Answers
The security market line claims to depict the link between risk and required return, however CAPM disproves this.
A financial model called the capital asset pricing model, or CAPM, is used to calculate the expected rate of return for a given asset or investment. The correlation or sensitivity of a risk-free asset to the market, together with the anticipated returns on both the market and that asset, are employed by CAPM to do this (beta).
When market conditions change or the level of risk increases, they will use the algorithm to help adjust price and return estimates.
The capital asset pricing model, or CAPM, is a sort of financial model used in corporate finance to explain how the risk of a security (such a stock) and the market as a whole relate to one another.
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From The Secret to Being Creative: The author quotes financial blogger Josh Brown as saying blogging is fundamentally what?
1: about creative and original thought
2: about unique content
3: about intellectual property
4: a derivative form
Answers
According to The Secret to Being Creative, the author quotes financial blogger Josh Brown as saying that blogging is fundamentally about creative and original thought. This means that bloggers should strive to create unique and innovative content that reflects their individual perspective and ideas.
Josh Brown's quote suggests that blogging is not simply a derivative form of writing or a means to generate intellectual property, but rather a platform for individuals to express their creativity and share their insights with the world. By emphasizing the importance of original thought in blogging, Brown underscores the value of authenticity and individuality in online communication. Aspiring bloggers should take this advice to heart and focus on developing their own voice and perspective, rather than simply regurgitating information or repeating what others have already said. Ultimately, the most successful bloggers are those who are able to connect with their audience through their unique and creative content, and who are able to inspire and engage others with their ideas and insights.
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A door-to-door salesperson knocks on Mary's door and convinces her to purchase the Wonder Vacuum for $500. Soon after the salesperson leaves, Mary begins to have second thoughts about the transaction. Which statement about the situation is correct
Answers
During your meeting with your client, Hayden Doyle, you recommended he purchase a personal liability umbrella policy (PLUP). Which part of the financial planning process were you engaged in?
Answers
Answer:
b. Develop and present financial planning recommendations.
Explanation:
Since in the question it is mentioned that there is a recommendation for buying a personal liability with respect to the umbrella policy so in the steps of the financial planning process, the step that should be considered is to develop & present the recommendation with regard to the financial planning as the financial planning is important than can save your future
hence, the correct option is B.
Question 2(Multiple Choice Worth 5 points)
(02.06 MC)
In general, what kind of people earn the most money?
O People with skills that are in high demand and high in supply
O People with skills that are in high demand but low in supply
O People with skills that are in low demand and low in supply
People with skills that are in low demand but high in supply
Answers
They earn the most money since skills also follow the law of supply and demand, so consumers are willing to pay more due to low supply
i. separating recyclables from regular waste before incineration ii. using incinerator ash in the construction of roads iii. incinerators that use refuse-derived fuels (rdf) iii only i and ii i and iii i, ii, and iii
Answers
The options that are viable methods for waste management are i) separating recyclables from regular waste before incineration and ii) using incinerator ash in the construction of roads.
Which methods are effective for waste management?Effective waste management is crucial for sustainable and environmentally responsible practices. Among the options provided, two methods stand out as viable approaches.
The first method involves separating recyclables from regular waste before incineration.
This process allows for the recovery and recycling of valuable materials such as paper, plastic, glass, and metal, reducing the amount of waste that ultimately reaches landfills or incinerators.
The second method is utilizing incinerator ash in the construction of roads. Incineration produces ash as a byproduct, and when properly processed, this ash can be used in road construction.
Incorporating incinerator ash into road materials, it provides a beneficial application for the waste material and reduces the need for other resources in road building.
These methods contribute to the principles of waste reduction, resource conservation, and circular economy practices. By separating recyclables, valuable materials can be reused, minimizing the extraction of new resources. Additionally, using incinerator ash in road construction offers a sustainable alternative to conventional road-building materials.
While the third option of incinerators that use refuse-derived fuels (RDF) is not mentioned as a viable method, it is important to note that RDF can also be an effective waste management strategy.
RDF involves converting waste materials into a fuel source that can be used for energy generation, reducing the reliance on fossil fuels.
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Macy's partnership with Best Buy primarily addresses which aspect of retail strategy? a. None of the answers are correct. b. price c. promotion d. product e. piace
Answers
Over the past five years, these diverse requirements have drastically changed the retail and brand landscape.
Which kind of retailer does Macy's fall under?Departmental stores, often referred to as general merchandise merchants, are places like Macy's, Sears, JCPenney, and Kohl's that offer a wide range of goods as well as client services.
What elements make into a retail strategy?Retailers, like other marketers, carry out crucial tasks that raise the value of the goods and services they offer to customers. Product, pricing, promotion, and place are the four Ps that group these duties together.
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. What kinds of issues might managers in the company face where the mission statement could be used to justify an initiative, expenditure of funds, or other resources? _______________________
Answers
As the mission statement, may be ignored by the all senior management. As there are causing employees to become misanthropical.
What is management?As, the management is referring as In order to achieve desired goals and objectives, a person or group of people must be challenged and managed, according to the concept of management. Furthermore, the capacity to organize.
Expenditure of funds - As in the mission statement the finance play a vital role in it, as by the financial missions, the goals and reminds you why you're looking to accomplish them.
Therefore, As a result, there are several issues are faced by the mission statement (Generalization, Confusion, The 3 C's of Communication) are there in it.
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Valerie is a high-level corporate attorney. She has considerable authority at work, is well-paid, and revolves in high social circles. Valerie is most likely to be classified as _____.
Answers
Valerie is most likely to be classified as an influential and affluent professional in a high-status position, such as an executive or partner, due to her authority, high salary, and association with prestigious social circles.
Based on the given information, Valerie's description aligns with the characteristics of a high-level corporate attorney who holds significant authority within her organization. Her role as a corporate attorney suggests that she has attained a position of influence and power, indicating that she likely holds a senior executive or partner position. This level of authority allows her to make important decisions and exert significant influence over corporate matters.
Additionally, Valerie's substantial income indicates that she is well-compensated for her work, which further supports the notion of her occupying a high-level position. High-level corporate attorneys often earn lucrative salaries commensurate with their expertise and responsibilities.
Furthermore, Valerie's association with high social circles suggests that she moves in influential and prestigious circles. Her involvement in such social circles could be a result of her professional achievements and status, as successful corporate attorneys often interact with other professionals of similar standing, including executives, entrepreneurs, and other high-ranking individuals.
In conclusion, based on the information provided, Valerie is most likely to be classified as an influential and affluent professional in a high-status position, such as an executive or partner, within the corporate legal field.
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Elkhorn company purchased merchandise on account from springhill company for $42,000, terms 2/10, n/30. elkhorn returned merchandise with an invoice amount of $8,000 and received full credit.a. if elkhorn company pays the invoice within the discount period, what is the amount of cash required for the payment?
b. what account is debited by elkhorn company to record the return?
Answers
Elkhorn company purchased merchandise on account from Springhill company for $42,000. $33,320 is the amount of cash required for the payment. Accounts receivable is debited to record return.
The first step is to use this formula to calculate the net purchases.
Purchase returns minus net purchases equals net purchases.
Let us enter the formula.
Purchases net = $42,000-$8,000
$34,000 in net purchases
Let us now use this formula to calculate the cash payment.
Net purchases minus purchase discounts = cash payment
Let us enter the formula.
Cash payment = $34,000 - (3% of $34,000)
Cash payment = $34,000 minus $680
The cash payment is $33,320.
If Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, the terms would be 2/10, n/30. Elkhorn received full credit for returned merchandise totaling $8,000 in invoice. a. If Elkhorn Company pays the invoice within the discount period, the cash required for payment is: $33,320.
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why is the shareholder's basis in the new stock received in a corporate reorganization the value of the stock received less the postponed gain
Answers
The shareholder's basis in the new stock received in a corporate reorganization is the value of the stock received less the postponed gain because it reflects the economic reality of the transaction.
In a corporate reorganization, the shareholder is exchanging their old stock for new stock, which has a different value and potentially different rights and privileges. The postponed gain represents the difference between the old stock's basis and its fair market value, which was deferred due to the exchange.
By subtracting the postponed gain from the value of the new stock, the shareholder's basis in the new stock is adjusted to reflect the actual economic value of the transaction. This ensures that the shareholder's tax liability is based on the real gain or loss realized in the exchange.
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personal finance question,, think its a or b??? i second guess myself alot lol
Answers
Answer: C
Explanation:
Answer:
It is either B or C. But, C is most reasonable.
In your job application, you must sound professional so they actually think about hiring you, or by sounding professional, it gives you a higher chance of getting the job.Why I think it's B is because it's quite helpful having a paper and online copy. But it's not essential. Having either or is enough.I hope this helped at all.
what's the language spoken in Egypt?
Answers
Answer:
Modern Standard Arabic
Explanation:
Answer:
Arabic thats the language of egypt because most them are Islamic
The sales force will be more likely to be successful when the company's corporate culture and marketing strategy are:
Answers
Increase Sales Revenues, Lead Conversion, Deployment Rate & More. Learn More. Unify marketing, sales, service, commerce, and IT on the world's #1 CRM. i hope this helps you! <3 P.S wish you luck!
What is the ongoing set of competitive actions and competitive responses that occur among firms as they maneuver for an advantageous market position?
Answers
The ongoing set of competitive actions and competitive responses that occur among firms as they maneuver for an advantageous market position is called competitive rivalry.
Aggressive competition is the continued set of aggressive moves and competitive responses that occur amongst corporations as they maneuver for an nice market position. competitors are firms running in the equal market, supplying similar merchandise, and concentrated on similar customers.
Creates a positive picture of your emblem or product: Positioning in advertising lets in you to influence how others view your product. in case you create materials that show the product in a effective light, customers may partner you this, that may result in extra purchases.
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plzzzzzzzzzzz what is the square root of 8
Answers
Answer:
\(2.82842712475\)
Explanation:
The square root of eight is a irrational number because it cannot be a fraction with integers. The square root up eight has to be rounded up eight decimal places would equal "2.82842712475" which means that is your answer.
8–√
=23−−√
or 2–√
x 2–√
x 2–√
=> 8–√
= 2x 2–√
=> 8–√
= 22–√
= 1.41421...
Therefore, 8–√
= 2 x 1.41421..
=> 8–√
= 2.82842..
Hope this helps.
Is wanting to increase sales over the next year a good objective if (no/yes) write why
Answers
Answer:
Yes because some family's are not doing very good in money so they should be able to afford more items
But also no at the same time because if you have more sales more of your stuff will be out of stock.
Explanation:
Corporate parenting generates corporate strategy by focusing on:_____.
a) differentiating its activities into separate units and integrating these activities through complex integrating mechanisms.
b) the cash flow among its business units.
c) the core competencies of the parent corporation and on the value created from the relationship between the parent and its units.
d) whether a business unit should be growing, stabilizing, or retrenching.
e) acquiring distinctive competencies in the marketplace.
Answers
Answer: c) the core competencies of the parent corporation and on the value created from the relationship between the parent and its units.
Explanation:
Part I: If the statement is correct write "True" or otherwise "False" (0.5 point each)
1. Inventories are asset items held not for sale in the ordinary course of business
2. Ending inventory is the cost of merchandise on hand at the end of the accounting period
3. A balance sheet is a financial statement that lists all assets, liabilities and capitals of an organization on a specific date.
4. FIFO method is of assigning cost assumes that the most recent purchases are sold first
5. Retail Method of Inventory costing is made based on the relationship between the cost and the retail price of merchandises available for sale. 6. Gross profit refers to the amount of income that an organization earns from selling of items after deducting their cost.
7. Tangible assets are assets without a physical feature that can be charged in the operations of businesses for long period of time.
8. The term Depreciation is used to describe the gradual conversion of the cost of the asset into an expense.
9. A betterment is an improvement that can be add to the physical layout of the asset.
10. The allocation of intangible assets to the periods they benefits is called amortization.
Answers
2) True
3) True
4) True
5) True
6) False
7) False
8) True
9) True
10) True
2. True
3. True
4. False
5. True
6. True
7. False
8. True
9. True
10. True
Your product costs $5.00
to make. If you want a
gross margin of 50%,
what should your price be?
$[?]
Answers
Answer: $10.00
Explanation: