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miss Akunina [59]
3 years ago
15

Omar Company uses a periodic inventory system and erroneously overstated ending inventory by $10,000 for the year ended December

31, 2017. Ignoring the tax effect, the effect on the 2017 financial statement includes an
Business
1 answer:
loris [4]3 years ago
5 0

Answer:

Profit will be overstated and Assets will be overstated

Explanation:

Income Statement:

Profit will be overstated by $10,000

Statement of financial position:

Assets will be overstated by $10,000

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Based upon Booked Orders and Sales Predictions, the expected finished goods requirements is 550 units over the planning period.
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Explanation:

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= 550 - 450 - 150

= -50 units

Include no units because the finished goods and the scheduled production make up the requirement for the period.

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C. Increase; decrease
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A manager at Kohl's discovers that Macy’s has reduced the price of its children's Levi's from $31.99 to $24.99, according to an
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a.Reference pricing

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The first step in the decision-making process is A. evaluating the alternatives. B. evaluating the effectiveness of the chosen a
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Sindrei [870]

Answer:

$38,771.44

To achieve at least the 8% rate Walt can pay until this amount.

Explanation:

The goal would be to calcualte the present value for each cashflow using the expected rate of 8%

\left[\begin{array}{ccc}-&Cash Flow&Discounted\\Year \: 1&12,500&11,574.0740740741\\Year \: 2&10,000&8,573.38820301783\\Year \: 3&7,500&5,953.74180765127\\Year \: 4&5,000&3,675.14926398227\\Year \: 5&2,500&1,701.45799258438\\Year \: 6&0&0\\Year \: 7&12,500&7,293.62994077667\\Total&50,000&38,771.4412820865\\\end{array}\right]

\frac{Principal}{(1 + rate)^{time} } = Present \: Value

<em><u>For example year 3</u></em>

7,500\div \: 1.08^3  = 5953.74180765127

Then we add each cashflow, to get the present value of the project.

To achieve at least the 8% rate Walt can pay until this amount.

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