Answer:
-$27,800
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
. When an expense is overstated, the net income is understated and so is the retained earnings.
The net overstatement of inventory across the two periods
= $58,500 - $10,500
= $48,000
The net overstatement of depreciation across the two periods
= $24,800 - $4,600
= $20,200
Adjustments to retained earnings
= - $48,000 + $20,200
= -$27,800
Answer: $5,000
Explanation:
The Contribution Margin (CM) given it $80,000 for Store B.
The Contribution margin ratio is;
= CM / Sales
= 80,000 / 200,000
= 40%
Given an increase of $30,000 in sales, increase in CM is;
= 30,000 * 40%
= $12,000
Traceable fixed costs for that increase was $7,000 so the segment margin will be;
= CM - Traceable fixed cost
= 12,000 - 7,000
= $5,000
Answer:
<u><em>format text increase or decrease the space around the text on a page </em></u>
<u><em>Explanation:</em></u>
Indeed, when using Word processing software like Microsoft word, it is possible to use the format text tool called line spacing to <em>increase or decrease the space around the text on a page.</em>
For example, in other to make a written text easily readable, a user may use the format text tool to increase or decrease the space around the text on a page.
Answer:
$14.88
Explanation:
The computation of the stock price is given below:
A total return of 12% means that
= 0.12 × 14
= $1.68 in a year.
Now
The total dividend payments for 4 quarters is
= 0.2 × 4
= $0.8.
Now the price of the stock should increase by
= 1.68 - 0.8
= 0.88
So the stock price one year from now is
= 14 + 0.88
= $14.88
<u>Ordering your latest credit report</u> is the action that appeared to be the least helpful if you’ve been the victim of identity theft. Therefore, <u>the correct answer is D.
</u>
If anyone has been a victim of identity theft, then it is important for such a person to officially report or contact any of the credit reporting companies to place a fraud alert on their credit report.
<h2>Further Explanation</h2>
Identity theft is when someone intentionally steals your information and uses such information without taking your permission. In the US, identity theft has become a booming business for fraudsters
In the US, 15.4 million Americans were a victim of theft, also identity theft tops complain of the consumer to the Federal trade commission. Regardless of how careful you seem to be, you can still fall victim to identity theft.
If you are a victim of identity theft, there are things you do immediately.
Some of the steps you can take to prevent an identity thief to further commit fraud with your details include
- Report any issues concerning identity theft to the federal trade commission (FTC)
- Ensure you clean up your entire account
- Immediately contact the credit Report Company and officially place a fraud alert
- In case of Tax-related identity theft, report to the IRS
- Place a block on your credit report
- Contact the company or the backs where the fraud occurred.
LEARN MORE:
KEYWORDS:
- victim
- identity theft
- irs
- fraud
- companies
- account
