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Novay_Z [31]
2 years ago
6

Sheridan, Inc. is a calendar-year corporation whose financial statements for 2020 and 2021 included errors as follows: Year Endi

ng Inventory Depreciation Expense 2020 $254000 overstated $200000 overstated 2021 121000 understated 79500 understated Assume that purchases were recorded correctly and that no correcting entries were made at December 31, 2020, or at December 31, 2021. Ignoring income taxes, by how much should Sheridan's retained earnings be retroactively adjusted at January 1, 2022
Business
1 answer:
KengaRu [80]2 years ago
8 0

Answer:

the retained earnings retroactively adjusted is $241,500

Explanation:

The computation of the retained earning retroactively adjusted is as follows:

Net income overstated -$54,000 ($254,000 - $200,000)

Net income understated  $41,500 ($121,000 - $79,500)

Inventory $254,000

Increase in retained earnings $241,500

Hence, the retained earnings retroactively adjusted is $241,500

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Schnusenberg Corporation just paid a dividend of D 0 = $0.75 per share, and that dividend is expected to grow at a constant rate
natta225 [31]

Answer:

Current stock price will be $14.50

So option (a) will be correct answer

Explanation:

We have given dividend paid D_0=$0.75\ per\ share

Growth rate g = 6.5 %

Required return on market = 10.50 %

Risk free return = 4.50 %

\beta =1.25

So next dividend D_1=0.75\times (1+0.065)=$0.798

We have to find thcompany current stock price P_0

Required rate of return is given by

Required rate of return =  Risk Free Return + \beta (market\ return-risk\ free\ return)

= 4.5+1.25×(10.5-4.5) = 12 %

Now current stock price P_0=\frac{D_1}{R_e-g}=\frac{0.798}{0.12-0.065}=$14.50

So option (a) will be correct option

3 0
3 years ago
Amazon Corporation has preferred stock outstanding that pays a $12.80 annual dividend. It price is $158. What is the required ra
nordsb [41]

Answer:

8.10%

Explanation:

The required rate of return (yield) on the preferred stock = Dividend / Price

= $12.80 / $158  = 0.0810126582278481 = 8.10%

5 0
2 years ago
an employer requires a college degree to work in any position in the company. what part of title vii could apply?
Artist 52 [7]

Title VII is known to be against employment discrimination using race, color, religion, sex and national origin.

The part of Title VII that could apply is Disparate treatment.

  • Disparate treatment is simply regarded as a form of unlawful discrimination in US labor law.

The United States ensure that unequal behavior toward someone because of a protected characteristic are statef under Title VII of the United States Civil Rights Act.

It is very a common type of discrimination. An example is when be an employer giving a certain job to all of the men who apply for a job but to none of the women.

Learn more from

brainly.com/question/14337996

5 0
2 years ago
If education creates external benefits, a. actual market outcomes provide less than the efficient quantity of education. b. actu
777dan777 [17]

Answer:

The correct answer is c. actual market outcomes provide a higher price than the efficient price of education.

Explanation:

In any country, there is a close positive correlation between a greater number of years of study and income, just as a higher degree of education is related to a lower incidence of poverty. In general, knowledge provides a great deal of benefits to its holders, so why might a government policy for investment in human capital be necessary? The answer could be that knowledge generates a series of “external benefits”, which are not always considered by people when making their decisions.

Economic activities generate costs and benefits, which can be private or external. In this way, whoever studies obtains a benefit for himself, for example a better salary, as explained above. That is the private benefit. But a series of external benefits are also generated, for example, the possibility of being better citizens, of improving the communication and performance of people in society, of generating new solutions to different human problems, among many others. Likewise, research and development activities lead to obtaining new knowledge. All these benefits are obtained thanks to preschool, primary, secondary, technical, university education, job training, among others.

4 0
2 years ago
Which of the following is true of patch management? It helps in decommissioning the current system and installing the new system
DIA [1.3K]

Answer:

The correct answer is the fourth option: It helps in performing corrective or preventive maintenance for a system.

Explanation:

To begin with, a <em>patch management</em> is a technology process used nowadays in the organizations in order to establish a better way to organize the multiple server that it uses currently. It basically focus on the process of regularly performing patch deployment to keep computers up to date therefore that the process detects the missing patches and correct them in order to help the company to reduce system-related failures so that it can improve in productivity and save in the costs associated with it.

3 0
2 years ago
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