From the bank reconciliation, no entry was recorded for deposits in transit. This would cause A. assets to be overstated.

B. no impact since deposits in transit are already included in the balance per books.

C. assets to be understated.

D. no impact since deposits aren't recorded on the books.

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

Data for hermann corporation are shown below: per unit percent of sales selling price $ 125 100 % variable expenses 80 64 contribution margin $ 45 36 % fixed expenses are $85,000 per month and the company is selling 2,700 units per month. required: 1-a. how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $20,000? 1-b. should the advertising budget be increased?

He following data come from the financial statements of riley company for the year ended march​ 31, 2017 ​(in millions). ​(click the icon to view the​ information.) requirements 1. prepare a cash flow statement for the year ended march​ 31, 2017. not all items given appear on the cash flow statement. 2. what activities provided the largest source of​ cash? is this a sign of financial strength or​ weakness? requirement 1. prepare a cash flow statement for the year ended march​ 31, 2017. not all items given appear on the cash flow statement. ​(use parentheses or a minus sign to show cash​ payments, cash​ outflows, and/or a net decrease in cash. if a box is not used in the statement of cash flow leave the box​ empty; do not select a label or enter a​ zero.) riley company statement of cash flows year ended march 31, 2017 millions cash flows from operating activities: net cash provided by (used for) operating activities