Answer:
$7million understated
Explanation:
Based on the information given the effect on 20x8 COST OF GOODS SOLD will be UNDERSTATED by $7 million reasons been that since the OPENING INVENTORY IS UNDERSTATED by $7 million which means that the COST OF GOODS SOLD will as well be UNDERSTATED by the same amount based on the fact that opening inventory adds to Cost of goods sold.
Answer:
A) investors
Explanation:
The main aim of financial accounting to provide information to the investors( existing and would-be) about the performance and position of the business at a particular point in time.
Performance relates to net income earned while the position is about the net assets of the company which is an offshoot of all the assets owned and liabilities(obligations) owed to other parties
How the constitution differs from the Articles of the Confederation.
The Constitution of the United States was created on September 7, 1787, and ratified on June 21, 1788. It is the present constitution of the United States, although it has been amended many times.
The Articles of Confederation were the first introduced constitution of the United States. It was created on November 15, 1777, and ratified on March 1, 1781.
<h2>Further Explanation</h2>
The Constitution of the United State operates the bicameral legislature, which consists of the senate and the House of Representatives. It is also known as CONGRESS. There are up to 2 senators from each state and the numbers of representatives depend on the actual population of each state. Members of Congress are elected by the people and the voting in congress is one vote per one representative. There is also an executive arm of government headed by the PRESIDENT.
The Articles of Confederation operates unicameral legislature, also known as the CONGRESS. There are 2 to 7 members that represent each state. The voting pattern in congress is one vote per state and the members of congress are appointed by the state legislators. The executive arm of government is not recognized in the articles of the confederation.
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KEYWORDS:
- articles of the confederation
- constitutions
- united states
- president
- executives
- legislators
- bicameral
- unicameral
Jacob is an example of a conformist follower. These kind of
followers are also known as the yes people. The explanation behind this is a conformist contributes
enthusiastically in a relationship with the boss but doesn't use critical
thinking abilities. In other words, a conformist naturally transmits out any
and all orders notwithstanding of the environment of the demand. The conformist
contributes willingly, but without seeing the costs of what he or she is being requested
to do. A conformist is worried only with evading conflict.
Ceteris paribus, in a closed economy, if consumers become more optimistic the equilibrium interest rate should increase
.
So the answer is the equilibrium interest rate should increase
