In taking a physical inventory at the end of year 2017, grant company forgot to count certain units. indicate how this error affects the following: (a) 2017 cost of goods sold. overstates 2017 cost of goods sold. understates 2017 cost of goods sold. none of the above. (b) 2017 gross profit. understates 2017 gross profit. overstates 2017 gross profit. none of the above. (c) 2017 net income. understates 2017 net income. overstates 2017 net income. none of the above. (d) 2018 net income. understates 2018 net income. overstates 2018 net income. none of the above. (e) the combined two-year income. the understated 2017 net income and the overstated 2018 net income combine to yield a correct total income for the two-year period. the understated 2018 net income and the overstated 2017 net income combine to yield a correct total income for the two-year period. (f) income for years after 2018. the 2017 error will affect years after 2018. the 2017 error will not affect years after 2018.

According to the balanced budget multiplier, an increase in government spending of $10,000 that is financed by an increase of $10,000 in taxes will have what effect on the economy when mpc is 0.80?

Breanna completed the lease term on her car and decided to turn the car in instead of purchasing it. upon inspection the dealership noted that the windshield was cracked. what kind of fee will breanna be required to pay as a result?

A. determine the amount of retained earnings as of january 1, 2018. b. after looking at the amount of retained earnings, the chief executive officer (ceo) wants to pay a $1,000 cash dividend to the stockholders. can the company pay this dividend? c. as of january 1, 2018, what percentage of the assets were acquired from creditors? d. as of january 1, 2018, what percentage of the assets were acquired from investors? e. as of january 1, 2018, what percentage of the assets were acquired from retained earnings? f. create an accounting equation using percentages instead of dollar amounts on the right side of the equation. g. during 2018, carter company earned cash revenue of $1,800, paid cash expenses of $1,200, and paid a cash dividend of $500. (hint: it is to record these events under an accounting equation before preparing the statements.) g-1. prepare an income statement dated december 31, 2018. g-2. prepare a statement of changes in stockholders’ equity dated december 31, 2018. g-3. prepare a balance sheet dated december 31, 2018. g-4. prepare a statement of cash flows dated december 31, 2018. j. what is the balance in the revenue account on january 1, 2019?