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erik [133]
3 years ago
14

Penny Company made an inventory count on December 31, 2020. During the count, one of the clerks made the error of counting an in

ventory item twice. For the balance sheet at December 31, 2020, the effects of this error are Assets Liabilities Stockholders' Equity1) Overstated Understated Overstated2) Understated No effect Understated3) Overstated No effect Overstated4) Overstated Overstated Understated Option 1)Option 2)Option 3)Option 4)
Business
2 answers:
SCORPION-xisa [38]3 years ago
7 0

Answer:

The correct answer is B.

Explanation:

MatroZZZ [7]3 years ago
3 0
Idk but I’ve seem to have done
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Suppose that a 5-year Treasury bond pays an annual rate of return of 2.9%, and a 5-year bond of the fictional company Risky Inve
solniwko [45]

Answer:

The risk premium is 4.4%

Explanation:

The risk premium on any given investment is the difference between the risky investment and the risk free investment and in this case we know treasury bonds are risk free and offer a certain return of coupons because they come from governments rather than the fictional ones like the one from risky investment inc so to find the risk premium we say :

Risk Premium = Risky investment rate - Risk free investment Rate

                       = 7.3% - 2.9%

                      = 4.4%

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3 years ago
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Jennifer is marketing manager for a major consumer goods firm. She is interested in determining if market opportunity exists for
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- How to best segment the ready-made dinner market.

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3 years ago
Las Paletas Corporation has two different bonds currently outstanding. Bond M has a face value of $20,000 and matures in 20 year
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Answer:

Bond M= $21,914.32.

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3 years ago
When Harriet went away for the summer, Landry, a house painter, painted her house. He had a contract to paint a neighbor’s hou
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No, Because Harriet had no knowledge of the painting for her house, While there was an added benefit. There is no quasi-contract at all.

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Define what is meant by the phrase "planning materiality threshold"
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