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Ksivusya [100]
3 years ago
7

Link Co. purchased machinery that cost $3,000,000 on January 4, 2019. The entire cost was recorded as an expense. The machinery

has a nine-year life and a $200,000 residual value. The error was discovered on December 20, 2021. Before the correction was made, and before the books were closed on December 31, 2018, retained earnings was understated by:__________
a. $3,000,000.
b. $2,066,667.
c. $2,377,778
d. $2,333,333.
Business
1 answer:
Natali5045456 [20]3 years ago
7 0

Answer:

See below

Explanation:

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What is the critical issues confronting WCC North America and what changes, if any, should be initiated to address the critical
irakobra [83]

Answer and Explanation:

What is the critical issues confronting WCC North America?

WCC North America faces a supply chain management issue whereby there are lapses in integrating divisions within the organization resulting in complications with determining order status of customers.

What changes, if any, should be initiated to address the critical issues?

The text "Supply Chain Logistics Management, by Donald J. Bowersox, David J. Closs, M. Bixby Cooper, John C. Bowersox, 2013" mentions the need to address the critical issue of WCC North America by setting up a system that populates data of customer order status,recognizing them as high volume key accounts, in order to keep order response efficient and effective.

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2 years ago
In the short run, a monopolistically competitive firm continues to increase production _____ if it can at least cover its variab
tankabanditka [31]

Answer:

Until Marginal Revenue = Marginal Cost

​

Explanation:

In the short run, a monopolistic ally competitive firm continues to increase production until MR = MC if it can at least cover its variable cost. This is the profit maximizing condition. If firm is able to cover his variable costs in short run, he should continue production.

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3 years ago
What is one way that the government cannot prevent a budget deficit?
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Answer:

The answer is Selling Stocks

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2 years ago
Which of the following is considered a stage of the new-product development process
Kaylis [27]

Idea screening is considered a stage of the new-product development process.

<h3>What is New product development ?</h3>

New product development entails the  bringing up an original product idea to market.

The seven stages of New product development are :

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  • prototyping
  • sourcing
  • costing
  • commercialization.

Learn more about new-product development on:

brainly.com/question/13926448

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7 0
1 year ago
On January 1, 2021, Glanville Company sold goods to Otter Corporation. Otter signed an installment note requiring payment of $19
sineoko [7]

Answer:

the amount of sales revenue recorded is $86,234

Explanation:

The computation of the amount of sales revenue recorded is shown below:

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= $19,500 × 1+(1 - (1.10)^-5) ÷ 0.10

= $86,234

Hence, the amount of sales revenue recorded is $86,234

We simply applied the above formula

5 0
2 years ago
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