Answer:
-$28,200
Explanation:
when the inventory closing balance is overstated, the cost of goods sold is understated and as such the net income which is posted to the retained earnings will be overstated.
For the overstatement of depreciation, the net income will be understated by the same amount.
The reverse is the effect on net income for these items where the misstatement is otherwise.
Retained earnings adjustments required on January 1, 2022
= -$60,000 + $25,700 + $12,500 - $6,400
= -$28,200
The level at which Conway operates at his organization is called the Corporate Level.
Corporate Level strategy means the top hierarchy approach for administering and directing the entire activities of the organization
Here, Craig Conway is the CEO which is a top-hierarchy for his company. Any operation planned, administered and directed from his position in the organization means he is operating at the Corporate Level
Therefore, the level at which Conway operates at his organization is called the Corporate Level.
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To solve this problem, we first make a chart that shows the spending pattern of $90 million over 23 years.
$90 million at 11% = [math]\frac{90 \times 1.11^{23}}{100}=903.478[/math]. The future worth at the end of the 23-year is approximately $903,478.
Since the problem does not provide a standard amount of time that people usually use to measure interest rates, we can infer that this rate should be 10% per year.
Using 10% per year instead of 11%:
$90 million at 10% = [math]\frac{90 \times 1.10^{23}}{100}=897.507[/math]. The future worth at the end of the 23-year is approximately $897,507.
Since the total amount that was spent on development over a period of 23 years is $90 million and the answer in our problem has to be in millions, we have to adjust the amount.
$90 million x 100 = $9 billion. The future worth at the end of the 23-year is approximately 9 billion dollars.
Answer:
The correct options A) an undocumented immigrant.
Explanation:
Undocumented immigrants are foreign nationals who are in the United States without legal documentation.
These immigrants either entered the US without being screened as required by immigration processes, or they entered the country on a temporary visa and stayed over the visa's expiration date, rendering the visa invalid.
This implies that your client is likely <u>an undocumented immigrant</u>. Therefore, the correct options A) an undocumented immigrant.
$2,500 interest is paid to the bondholders by the company.
<h3>
What are bonds?</h3>
- A bond is a sort of security used in finance where the issuer owes the holder debt and is required, depending on the terms, to repay the principal and interest on the bond at the maturity date.
- Interest is often paid at regular intervals.
<h3>What are interests?</h3>
- According to economics, interest is the income obtained from lending a certain amount of money.
- The amount earned is sometimes expressed as a percentage of the amount lent; this proportion is referred to as the interest rate.
<h3>Solution -</h3>
To find interest company pays to bondholders:
At par, bonds are sold. Interest is paid every half a year (2 times a year) Interest equals Par Value/10.
25,000/10 = 2,500
Therefore, $2,500 interest is paid to the bondholders by the company.
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