​Carpets's books show the following data. In early 2020​,auditors found that the ending merchandise inventory for 2017was understated by $ 4,000and that the ending merchandise inventory for 2019 was overstated by $ 5,000.The ending merchandise inventory at December​ 31, 2018​,was correct. 2019 2018 2017Net Sales Revenue $212,000 $161,000 $169,000Cost of Goods Sold:Beginning Merchandise Inventory $20,000 $25,000 $44,000Net Cost of Purchases 134,000 95,000 80,000Cost of Goods Available for Sale 154,000 120,000 124,000Less: Ending Merchandise Inventory 30,000 20,000 25,000Cost of Goods Sold 124,000 100,000 99,000Gross Profit 88,000 61,000 70,000Operating Expenses 59,000 33,000 30,000Net Income $29,000 $28,000 $40,000Requirements:1. Prepare correct income statement of three years.2. State whether each years net income before your corrections is understand or overstated and indicate the amount of understatement or overstatement.

Excellent inc. had a per-unit conversion cost of $3.00 during april and incurred direct materials cost of $112,000, direct labor costs of $84,000, and manufacturing overhead costs of $50,400 during the month. how many units did it manufacture during the month? a. 18,000 b. 44,800 c. 70,000 d. 30,000

Jameson manages a well-known cell phone company. this company has been voted as having the best cell-phone service. consumers appreciate the fact that they can call from almost anywhere in the world and the service still gets through. jameson knows that the company's product far surpasses that of the competition. one thing has been bothering him, though. in order to put so many resources into ensuring the best service, jameson has cut back on employees at the firm's customer call center. recently, consumers have begun complaining about long wait times when they call in with a problem or concern. although its cell phone service is still considered one of the best, customer satisfaction with the firm's customer service has plummeted. jameson does not understand why consumers are getting so upset. he believes the exceptional cell phone service more than makes up for long waiting periods and other issues with its customer service. "after all," he says, "they can't have it all. if i invest more in customer service, that means less investment on ensuring the quality of our product offering."refer to scenario. jameson has asked you, a marketing consultant, to give him advice. he cannot understand how a cell-phone company with the best product offering in the cell-phone service industry could get such low satisfaction ratings simply because the customer service is not up to par. you suggest that jameson has a narrowly defined view of the company's product offering. you tell jameson that successful marketers should define their products as what they

Assume that the governance committee states that all projects costing more than $70,000 must be reviewed and approved by the chief information officer and the it senior leadership team (slt). at this point, the cio has the responsibility to ensure that management processes observe the governance rules. for example, the project team might present the proposed project in an slt meeting for a vote of approval. what does this scenario illustrate about organizational structure?