Grants corporation prepared the following two income statements (simplified for illustrative purposes): first quarter second quarter sales revenue $ 11,000 $ 18,000 cost of goods sold beginning inventory $ 4,000 $ 3,800 purchases 3,000 13,000 goods available for sale 7,000 16,800 ending inventory 3,800 9,000 cost of goods sold 3,200 7,800 gross profit 7,800 10,200 expenses 5,000 6,000 pretax income $ 2,800 $ 4,200 during the third quarter, it was discovered that the ending inventory for the first quarter should have been $4,400. required:
1. what effect did this error have on the combined pretax income of the two quarters?
2. which quarter's or quarters' (if any) eps amounts were affected by this error?
3. prepare corrected income statements for each quarter.
4. prepare the schedule to reflect the comparative effects of the correct and incorrect amounts on the income statement.

There are about 6.8 billion people in the world, and about 11.4 billion usable hectares. currently, the population of the united states has an ecological footprint of about 9.0 hectares per person. if all people in the world were to live at the level of consumption found in the united states, the population of the world would have to in order to support them.

The company financial officer was interested in the average cost of pcs that had been purchased in the past six months. she took a random sample of the price of 10 computers, with the following results. $3,250, $1,127, $2,995, $3,250, $3,445, $3,449, $1,482, $6,120, $3,009, $4,000 what is the iqr?

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?