Answer:
IDKK EITHER OF WHAT YOU ARE ASKING IDK
Explanation:
I just got myself confused XD
Answer:
C. Net income and stockholders' equity are both overstated.
Explanation:
In the income statement , ending inventory is deducted from the addition of the beginning inventory and net purchases to arrive at the cost of goods sold. Therefore, the cost of goods can be stated as an equation stated as follows:
Cost of goods sold = Beginning inventory + Net purchases - Ending inventory
From the above equation, it can be observed that if the ending inventory is overstated, cost of goods sold will be understated by that amount.
Since gross income is determined by deducting cost of goods sold from the net sales, an understated cost of goods sold will result in an overstated gross income and subsequently overstated net income.
Since net income is one of the components of the stockholders' equity, an overstated net income will leads to an overstated stockholders' equity.
Therefore, the correct option is C. Net income and stockholders' equity are both overstated.
The answer & explanation for this question is given in the attachment below.
Answer:
$40 billion
Explanation:
Data provided in the question:
Amount spend by government = $4 trillion
Amount raised by Taxes = $3 trillion
Interest rate = 4%
Now,
The bonds to be raised by the government
= Amount spend by government - Amount raised by Taxes
= $4 trillion - $3 trillion
= $1 trillion
or
= $1000 billion
Therefore,
The interest paid by the government each year
= Amount of bonds × Interest rate
= $1000 billion × 0.04
= $40 billion
Answer:
The payback period of the investment is 6.5 years
Explanation:
1. In order to calculate the payback period of the investment we would have to make the following calculation:
payback period of the investment=Year before full recovery+(Unrecovered cost at the start/cash flow during the year
)
payback period of the investment=6+ ($23,000−$20,500)
/$5,000
payback period of the investment=6.5 Years
The payback period of the investment is 6.5 years
