Answer and Explanation:
The computation is shown below
1. The adjusted balance in the retained earning is shown below:
= beginning balance of retained earning + adjusted net income
where,
beginning balance of retained earning is $860,000
And, the adjusted net income is
= $68,000 × (1 - 0.35)
= $44,200
So, the adjusted balance in the retained earning is
= $860,000 + $44,200
= $904,200
2. Now the journal entry is
Inventory $68,000
To Retained earning $44,200
To Tax payable $23,800 ($68,000 × 35%)
(Being the adjustment of ending inventory is recorded)
It increased the inventory and along with it it also increased the equity and liabilities so the respective account is debited and credited
The right answer for the question that is being asked and shown above is that: "TRUE." Production comprises stage management, production management, show control, house management, and company management.
Answer:
The incorrect statement is number (2): Data marts typically have broader focus than data warehouses.
Explanation:
Data marts are data structures built on a database. In this structure, consolidated data is stored that will be used as a feed for an analysis tool. Data marts are specialized in storing data of a specific area of an organization. A group of datamarts is called Datawarehouse.
Therefore, <em>data marts have a narrower focus than data warehouses.</em>
Answer:
The answer is: C) Invest $1000 in the risky portfolio
Explanation:
If the risk free asset has a rate of return of only 5% and the investor wants to get a RoR of 8%, the only way he can do it is by investing all his funds in the risky portfolio. If he invests any amount on the risk free asset then his total RoR will fall below 8%.
