Uusiess will have to spend a lot of money to

The reported net incomes for the first 2 years of Sarasota Products, Inc., were as follows: 2020, $155,500; 2021, $188,100. Earl

Phoenix [80]

Answer:

Dr retained earnings($21,600+$15,800) $37,400.00

Cr accumulated depreciation $21,600

Cr inventory $15,800

Explanation:

The errors that require adjustment are the overstatement and understatement of depreciation expense as well as the December 2021 overstatement of inventory.

The understatement of inventory in 2020 would have self-corrected itself in 2021 since closing inventory in 2020 deducted from costs of goods available for sale would be introduced as opening inventory in 2021.

net effect of depreciation=understatement -overstatement=$37,500-$15,900=$21,600.00

hence retained earnings would reduce by $21,600.00

for the overstatement of inventory,retained earnings would reduce by $15,800

5 0

3 years ago

When doing research, Economists _______ a. Follow the scientific method: observation, theory, and more observation b. Cannot use

Alisiya [41]

Answer:

d. All of the above

Explanation:

Based on the information provided within the question when doing research all of the answers provided are correct. Any field doing research should follow the scientific method, but Economists cannot use the same experiments as other fields because they have to use the data that the world happens to give them and do not have the ability to make control groups and test different variables on the economy like experiments in the field of Physics and Chemistry can.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0

3 years ago

Which has a higher flow rate? 10 customers arriving over two hours or 10 customers arriving over three hours?

Tcecarenko [31]

The one that gives a higher flow rate is: 10 customers over 2 hours. The flow rate is 5 customers per hour.

Flow rate is defined as the number of flow units that pass through the business process per unit time.

The flow unit can be money, customers, products, parts, services, etc.

Example of flow rate is number of customers serviced per hour, number of parts produced per minute, etc.

From the definition, the flow rate can be expressed as:

Flow rate = number of flow unit / time interval

There are 2 scenarios in the given problem.

Scenario 1:

Flow unit = 10 customers

Time interval = 2 hours

Hence, the flow rate in scenario 1 = 10/2 = 5 customers per hour

Scenario 2:

Flow unit = 10 customers

Time interval = 3 hours

Hence, the flow rate in scenario 2 = 10/3 = 3.33 customers per hour

By comparing the above scenarios, the one that gives higher flow rate is scenario 1, 10 customers over 2 hours.

Read more about flow rate here:

brainly.com/question/14896563

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4 0

2 years ago

Your firm needs a computerized line-boring machine that costs $90,000 and requires $16,000 in maintenance costs for each year of

sladkih [1.3K]

Answer:

The aftertax salvage value of the machine is D) $10,134

Explanation:

Hi. first, we need to find out the book value of the machine at the selling date, that is 3 years from now, and the book value is as follows.

$BookValue=90,000-90,000*0.3333-90,000*0.4444-90,000*0.1482=6,669$

Since taxes are based on the profit you make by selling something, our profit is:

$Profit=12,000-6,669=5,331$

Therefore, our taxes are:

$Taxes=5,331*0.35=1,866$

So, the after tax salvage value of the machine is the money you received on the sale minus the taxes you have to pay, that is:

Salvage Value of the Machine = $12,000 - $1,866?= $10,134

That is option D)

Best of luck.

3 0

3 years ago

Hello everyone! I'am new over here!<br>May I have some friends?<br>(Indian☺️)

Ipatiy [6.2K]

This is an education app... thanks for the points tho lol

3 0

3 years ago