Answer:
In 2017
Net Income and Retained Earning are overstated by $100,000
Expenses and Payables are understated by $100,000.
In 2018
Inventory, Net Income and Retained Earning are understated by $57,000
Expenses are overstates by $57,000
Explanation:
Accrued Salaries is Recorded as follow
Dr. Salaries Expense
Cr. Salaries Payament
Non recording of this entry will result in understatement of Expenses and Payables by $100,000 over statement of Net income and retained earning by the same amount.
Treatment of Office supplies of $57,000 as expense will overstate the expenses and understate the the inventory, Net income and Retained Earning.
You need to know how many hours it took these workers to make the rugs to determine the labor cost.
Answer:
AFC = 
MC = 
TC
AVC = 
AC = 
Explanation:
The cost function is given as 
.
The fixed cost here is 9, it will not be affected by the level of output.
The variable cost is 
.
AFC = 
MC = TC
MC =
MC = 2q
AVC =
AVC = 
AVC = q
AC =
AC = ![\frac{[tex]C=9+q^{2}](https://tex.z-dn.net/?f=%5Cfrac%7B%5Btex%5DC%3D9%2Bq%5E%7B2%7D)
}{q}[/tex]
AC = 
Statement that explains Marginal revenue and it can be computed for a monopolist is C:sold.c.change in total revenue per one unit increase in quantity sold.
- Marginal revenue can be regarded as central concept in microeconomics which focus on additional total revenue that us been gotten by increasing product sales by 1 unit.
- In monopolist,it can be computed by change in total revenue with respect to a unit increase that is been sold.
Therefore, option C is correct.
Learn more
brainly.com/question/25404320?referrer=searchResults
Just-in-time manufacturing is the foundation of supply chain management.
<h3>Describe the meaning of
supply chain management?</h3>
It is possible to describe supply chain management as the effective and efficient management of the flow of goods and services as well as all industrial processes involved in converting raw materials into completed items that satisfy consumers' unquenchable want and demand.
In general, supply chain management includes all of the tasks involved in organising, carrying out, and delivering finished products and services from producers to customers. Through the use of an effective inventory system, it is a management framework that is focused on reducing production costs while boosting efficiency between suppliers and customers.
To know more about supply chain management visit:
brainly.com/question/12277905
#SPJ1
