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hope it is helpful to you
Explanation:
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Answer:
Return will be 1.3 % lower
Explanation:
We have given that you have a $109000 portfolio which contain 10 stocks
So number of stocks = 10
Number of times traded each stock = 5
Commission and spread pay = $30
So total expenditure = number of stocks × number of times × commission and spread per trade = 10×5×30 = $1500
So in percentage 
%
So return will be 1.3 % lower
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Answer:
See below
Explanation:
Recording the entire cost as expense would have understated retained earnings by $2,650,000
Annual depreciation on machine = ( Purchase cost - Residual value ) / Useful life
= ($2,650,000 - $165,000) / 9
= $2,485,000 / 9
= $276,111.11
Depreciation would have been recorded for $552,222 for 2 years had the machinery been corrected recorded I.e $276,111 × 2 = $552,222
Therefore , the cumulative effect of this error on the income statement of Sheridan for the year ended, 31 December 2021 would have shown
= $2,650,000 - $552,222
= $2,097,779
