Zagat inc. is a calendar-year corporation. its financial statements for the years 2017 and 2016 contained errors as follows: 2017 2016 ending inventory $9,000 overstated $18,000 overstated depreciation expense $6,000 understated $13,500 overstated assume that the proper correcting entries were made at december 31, 2016. by how much will 2017 income before taxes be overstated or understated? entry field with incorrect answer
a. $3,000 understated
b. $10,500 overstated
c. $15,000 overstated
d. $7,500 overstated

The silverside company is considering investing in two alternative projects: project 1 project 2 investment $500,000 $240,000 useful life (years) 8 7 estimated annual net cash inflows for useful life $120,000 $40,000 residual value $32,000 $10,000 depreciation method straightminusline straightminusline required rate of return 11% 8% what is the accounting rate of return for project 2? (round any intermediary calculations to the nearest dollar, and round your final answer to the nearest hundredth of a percent, x. xx%.)

Your take on decision making process

At the end of the fiscal year, apha airlines has an outstanding non-cancellable purchase commitment for the purchase of 1 million gallons of jet fuel at a price of $4.10 per gallon for delivery during the coming summer. the company prices its inventory at the lower of cost or market. if the market price for jet fuel at the end of the year is $4.50, how would this situation be reflected in the annual financial statements?