Answer:
Correct amount of the inventory = $174,118
Inventory incorrectly recorded = $205,171
The inventory was overstated by = 205,171 - 174,118
=$31,053
As a result of the overstated ending inventory, the net income would be overstated by $31,053 as well.
As a result of the overstated net income, the retained earnings would be overstated by $31,053 as well.
Ending inventory is a part of Assets, thus due to overstated ending inventory, assets would also be overstated by $31,053.
Answer:
Relatively more than
Explanation:
As we know,
The levered firm is that firm in which debt is involved whereas unlevered firm is that firm in which there is no debt involved.
As if the EBIT drops, the return on equity drop is relatively more than the ROE of unlevered firms due to involvement and not involvement of debt. As it generated high risk and return which is gradual increases during a given period of time
Answer:
Explanation:
divided by total people in the labor force
I understand this question to mean "what can a minister of sports (presumably in the US?) do so that sports serves a nation builder"
Sports can be a nation builder when it unites the nation, as when for example all the people cheer for one team. So the minister can for example support national teams.
Sport can also increase people's standard of life, so the minister can support local sport facilities - healthy people mean a healthy nation.
Also, it can be a common goal, such as when a nation organizes some championships, so he or she can apply to host the Olympics for example. <span />