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monitta
3 years ago
7

9-10. Armstrong Inc. is a calendar-year corporation. Its financial statements for the years ended 12/31/14 and 12/31/15 containe

d the following errors: 2014 2015 Ending inventory $25,000 overstatement $40,000 understatement Depreciation expense 10,000 understatement 20,000 overstatement 9. Assume that the 2014 errors were not corrected and that no errors occurred in 2013. By what amount will 2014 income before income taxes be overstated or understated? a. $35,000 overstatement b. $15,000 overstatement c. $35,000 understatement d. $15,000 understatement
Business
1 answer:
IceJOKER [234]3 years ago
5 0

Answer:

Consider the following explanation

Explanation:

If these error are nit corrected, the income before taxes be overstated by $ 35,000 .

As, Overstatement of Ending Inventory will affect the gross profit (Increase) by $ 25,000 and then understatement of Depreciation will further increase Net Profit by $ 10,000

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Lagle Corporation has provided the following information: Cost per Unit Cost per Period Direct materials$5.25 Direct labor$3.90
Vikentia [17]

Answer:

$16,050

Explanation:

The computation of the total amount of the period cost is shown below:

= Sales commission per unit × number of units sold + Fixed selling and administrative expense + Variable administrative expense per unit  × number of units sold

= $1.80 × 4,500 units + $6,600 + $0.30 × 4,500 units

= $8,100 + $6,600 + $1,350

= $16,050

7 0
3 years ago
In the context of Lazarus's model of appraisal, which of the following defines the term reappraisal? a. Determining whether reso
gladu [14]

Answer:<u><em>(d.) Evaluation of whether the response made to a demand or threat was effective</em></u>

Explanation:

Richard Lazarus stated that stress is a process where the manufacturing of stressors by the surrounding, and the effect on an individual subjected to these stressors.  

He also stated that these cognitive appraisal will happen when a individual considers two major element that add in his response to stress. These two element are as follow :

The baleful propensity of the stress to the individual, and

The classification of resources required to decrease, endure or decimate the stressor and the stress it produces.

3 0
3 years ago
In order to implement contractionary policy, the government and central bank must _____ goverment spending _______ taxes, and __
Vedmedyk [2.9K]

Answer:

increase, decrease, decrease

Explanation:

3 0
3 years ago
Some examples of opportunity costs that should be included in project analysis are?
Reptile [31]

Some examples of opportunity costs that should be included in project analysis are that, skilled employees who are moved from an existing project to the new project causing a loss in the existing project.

Opportunity cost refers to what you have to give up to buy what you want in terms of other goods or services. Opportunity cost is a great tool for project selection in many organizations.

The opportunity cost is the difference between the net value of the path that was chosen and the net value of the best alternative that was not chosen.

There is an example of opportunity cost which should be included in the project analysis. The situation where skilled employees are moved from an existing project to the new project causing a loss in the existing project, should be analyzed.

Hence, the answer was given and explained above.

To learn more about the opportunity cost here:

brainly.com/question/12121515

#SPJ4

4 0
2 years ago
For safety's sake industrial screwdriver blades are made of
Bad White [126]
They are made out of industrial screwdriver blades and they have screws in them that help them seal up things that are broken 
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3 years ago
Read 2 more answers
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