Patty makes copies and gives to students before working in class. When Professor Patty was sued for copyright infringement, she lost because she copied entire sections and substantial portions of the book.
What does copyright infringement mean?Copyright infringement occurs when an infringer exercises without permission one of the author's exclusive rights in the work. This includes any kind of distribution (for sale, broadcast, performance), manipulation, or other reproduction of the work.
Copyright infringement example: Including Maya Angelou's entire poem in a published work without her permission.
What are 10 things that can be copyrighted?Things that can be of copyrighted include: Novel. Photo. Movie. Painting. Song lyrics. Sound recording.
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the best leaders display both transactional and transformational leadership styles. group startstrue or falsetrue, unselectedfalse, unselected
The best leaders display both transactional and transformational leadership styles: TRUE
Leadership, both as a research location and as a realistic ability, encompasses the ability of a person, institution, or corporation to "lead", impact, or manually other individuals, teams, or complete corporations. The phrase "management" frequently receives regarded as a contested time period.
“The action of main a group of humans or an enterprise.” that's how the Oxford Dictionary defines leadership. In simple words, leadership is ready to take dangers and challenge the status quo. Leaders inspire others to achieve something new and better.
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the 1999 end-of-year holiday season was considered a milestone in b2c e-business in the u.s. because online sales approached what percentage of total holiday sales?
The 1999 New Year holidays were a momentous occasion for B2C e-business in the United States. Because online sales approached 1% of total Christmas sales.
A holiday is a day established by custom or law when normal activities, especially work, including business or school, are suspended or restricted. Generally, holidays are intended to allow individuals to celebrate or commemorate an event or tradition of cultural or religious significance.
Holiday traditions are an important part of building strong bonds between families and our communities. They give us a sense of belonging and give us a way to express what is important to us. increase. They connect us to our history and help us celebrate generations of family.
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A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus is nonrival and nonexcludable. Thus, the visual appearance would be classified as a public good.Suppose the college administrators estimate that the beautification initiative will cost $7,200. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 300 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $18.The benefit of the beautification initiative, as suggested by the survey, is (enter numerical value) $Because the estimates benefit is (less/ greater) than the cost, the college administrators (should/should not) undertake the beautification initiative.
A local college is considering whether to carry out a variety of campus beautification projects, such as tree planting.
In economics, public goods are unique because their benefits can be enjoyed by those who have not paid for them and everyone shares in their benefits.
Many people are aware that they are free to use because of their characteristics. Financial experts call those individuals free riders.
A local college is considering whether to launch a campus beautification initiative that would involve a variety of projects, such as building remodeling and tree planting, to improve campus appeal. Therefore, the campus's visual appearance is non-rival and non-excludable for college students. As a result, the appearance would be considered a public good.
This indicates that the remodel will benefit everyone equally, including those who did not pay for it.
According to the survey, the benefit of the beatification initiative is $3,300. The beautification project should not be undertaken by college administrators because the estimated benefit is less than the cost.
The benefit is calculated by multiplying $11 x 300, or the average benefit for each person surveyed, by the number of people surveyed.
The marginal cost: The college should not finish the project. More than the marginal benefit is $4,400: $3,300.
O A survey was conducted with equal numbers of male and female students. X Students believe that the initiative's funds will not be used elsewhere if it fails.
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what do most companies use as their main conduit for reaching and connecting with customers?
Most companies use Social networking sites as their main conduit for reaching and connecting with customers.
A customer is someone who buys something from a seller, supplier, or supplier in exchange for money or other valuable consideration. This definition applies to sales, business, and the economy. The word "client" comes from the Latin word "clientus", which means "to bow" or "to bend".
It is associated with the sentimental concept of closure. It is generally accepted that individuals change their habits only when motivated by fear and greed. Because winning a client is a one-time event, professionals with special difficulties are more likely to acquire dedicated clients than those who are fleeting.
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maya company currently buys a component part for $5 per unit. maya estimates that making the part would require $1.25 per unit of direct materials and $1.10 per unit of direct labor. maya normally applies overhead using a predetermined overhead rate of 230% of direct labor cost. maya estimates incremental overhead of $0.65 per unit to make the part. (a) prepare a make or buy analysis of costs for this part. (b) should maya make or buy the part?
a) The preparation of a make-or-buy analysis of costs for this part for Maya Company is as follows:
Make-or-Buy Analysis:Make Buy Differential Cost
Direct materials $1.25
Direct labor $1.10
Incremental overhead $0.65
Total incremental costs $3.00 $5.00 $2.00 ($5 - $3)
b) Maya Company should continue making the part instead of buying from outside vendors because of the incremental savings of $2 per unit.
What is a make-or-buy analysis?One of the factors considered in a make-or-buy decision is the incremental cost.
The incremental cost refers to each alternative's differential or additional cost.
In a make-or-buy decision, the alternative with the least incremental cost is preferred.
Note that predetermined overhead cost is not a relevant cost for differential decisions.
Predetermined overhead rate = 230% of direct labor cost.
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dean used to view marketing as manipulation. now he sees it as a conversation. dean used to view marketing as manipulation. now he sees it as a conversation. true false
True, dean used to view marketing as manipulation.
What does Marketing mean?
Advertising, market research, product development, sales, and distribution are all part of the marketing process. It is the process of determining consumer needs and then developing a product or service to meet those needs. Marketing also entails determining the most effective way to communicate the worth of a product or service to customers.
What does Advertising mean?
Advertising is a type of communication that is used to persuade a target audience (viewers, readers, or listeners) to take a specific action in relation to products, services, or ideas. It includes the name of a product or service as well as how that product or service can benefit the consumer in order to persuade a target market to buy or consume that specific brand.
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as a manager for a company that is looking to expand to india, what should your company focus on? check all that apply.
If a company is looking to expand to India, it should focus on several key areas.
What should your business prioritise?A corporation should concentrate on a few crucial areas if it wants to grow in India. The corporation should first take into account the political, economic, and cultural landscape of India. This entails being aware of the geographical variations that could influence operations as well as the demography of the nation. The business should also take into account the local taxes system and labour rules and regulations.Second, the business has to conduct market and sector research to find prospective possibilities and threats. This entails being aware of the market's competitors as well as the tastes and preferences of local consumers.Third, the business must create a thorough plan for entering the Indian market. This include figuring out the most effective approach to contact clients, establishing a regional distribution system, and assessing the likelihood of joint ventures and partnerships.Finally, the corporation needs to concentrate on establishing and maintaining connections with local players, including representatives of the government, vendors, distributors, and clients. This will make it more likely that the business will be successful in the long run.To learn more about as a manager for a company refer to:
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Why might a hiring manager want to know about your career goals or enthusiasm for the role?
Hiring managers can tell if you have a good fit with their organization based on the answer to this question about your career ambitions. Additionally, it aids employers in confirming that you really have objectives.
Your response to the question about your career objectives also provides the interviewer with information about your general job aspirations. A warning sign that you're probably not interested in developing professionally is if you've never given your career objectives a single thought.
Employers lose time and money by hiring people who plan to leave for another company within the next year. The interviewer can tell if your long-term objectives match the job and the organization you're looking for by asking you about your professional aspirations.
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what is the price at which the quantity of goods demanded and the quantity of goods supplied are equal?
The market price at which the quantities of commodities supplied and requested are equal is known as the equilibrium price.
What is Equilibrium price?When market demand and supply are balanced, prices become stable. Equilibrium is the term for this. Generally speaking, a surplus of items or lower prices result in more demand, whereas a shortage or undersupply results in higher prices, which lower demand. the cost at which a commodity's supply and demand are balanced.
When a major index has a period of consolidation or sideways movement, which shows that the forces of supply and demand are virtually equal, the market is deemed to be in equilibrium.
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What type of goal can help you be prepared for unexpected costs, such as car repairs?
An emergency fund is a goal can help you be prepared for unexpected costs, such as car repairs.
The term "emergency fund" refers to a cash reserve set up expressly for unforeseen costs or financial emergencies. Examples that are frequently cited are lost wages, medical expenses, house repairs, and auto repairs. Having money on hand for unforeseen needs is easy with an emergency fund.
The easiest way to prepare for unforeseen expenses is to create an emergency fund where you may save for times when you might need to make a purchase for which you are not financially prepared.
The greatest place for emergency money would be in an account that can both yield interest and be easily accessed. This is a way to increase your income while saving for emergencies and being prepared to pay for unforeseen expenses.
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over short periods of time, group of answer choices there is a nearly perfect positive, linear relationship between money growth and inflation. there is a nearly perfect negative, linear relationship between money growth and inflation. there is no predictable relationship between money growth and inflation.
Over short periods of time, there is a nearly perfect positive, linear relationship between money growth and inflation.
The quantity equation shows a strong relationship between the growth rates of money and inflation. Inflation is a monetary phenomenon that occurs worldwide, according to renowned economist Milton Friedman.
Always, "excessive" money expansion could be linked to inflation. Remember that we are discussing the long term in this conversation. Shorter-term changes in the money supply have a greater impact on the amount of actual economic activity and less of an impact on the inflation rate. In the short term of the US economy, the relationship between money growth and inflation is significantly closer. Money growth and inflation are correlated over a long period of time, not just temporarily.
As a result, the short-term impact of money expansion on national inflation is minimal. Less of an effect is positive, though. So, money growth and inflation have a nearly perfect positive linear relationship.
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the purchase of treasury stock would be recorded with a debit to what account? cash common stock paid in capital in excess of par treasury stock
The purchase of treasury stock would be recorded with a debit to what account is a treasury stock that would be recorded with a debit to Treasury Stock.
What is treasury stock?Treasury stock is stock that has been issued by a company but then bought back by the same company. This stock is not canceled, but rather held in the company's treasury and is not counted as part of the company's outstanding shares. Treasury stock does not pay dividends, does not grant voting rights, and does not represent any ownership interest in the company. Companies may choose to buy back their stock for a variety of reasons, including increasing the value of the remaining shares.
Treasury stock is a contra-equity account that represents the corporation’s shares that it has repurchased from its shareholders. When treasury stock is purchased, the cash used to purchase the stock is debited to Treasury Stock and a contra-equity account is credited.
It can be concluded that the purchase of treasury stock would be recorded with a debit to what account is a treasury stock that would be recorded with a debit to Treasury Stock.
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What is the Phillips curve? The traditional short-run Phillips curve implies a powerful role for monetary policy. According to the theory, place the events in order based on what happens when the central bank unexpectedly expands the money supply. The economy is in equilibrium at full employment (u=u) The central bankinjects new money into the money supply Aggregate demand increases
The Phillips curve is an financial idea describing the relationship among inflation — that is, how a good deal fees are growing on a year-over-year basis — and nationwide unemployment.
The Phillips Curve describes the connection among inflation and unemployment: Inflation is better whilst unemployment is low and decrease whilst Economists have concluded that elements motive the Phillips curve to shift. the first is supply shocks, just like the Oil crisis of the mid-1970s, which first brought stagflation into our vocabulary. the second is modifications in human expectancies approximately inflation.
In those macroeconomic models with sticky expenses, there is a high-quality relation between the charge of inflation and the level of call for, and therefore a bad relation among the price of inflation and the price of unemployment. This relationship is often known as the "New Keynesian Phillips curve.
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a free trade area is a group of two or more sovereign countries in which import duties and other trade barriers are reduced or eliminated. group of answer choices true false
A free trade area is a set of or extra sovereign nations wherein import obligations and different alternate boundaries are decreased or eliminated. True.
The required details about free trade area is mentioned in below paragraph.
A free trade area is a grouping of nations inside which price lists and non-tariff alternate boundaries among the individuals are commonly abolished however and not using a not unusualplace alternate coverage towards non-individualsA free trade area is the location encompassing a alternate bloc whose member nations have signed a loose alternate agreement. Such agreements contain cooperation among at the least nations to lessen alternate boundaries, import quotas and price lists, and to boom alternate of products and offerings with every different.
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If a principal's instructions are not clearly stated, an agent can fulfill the duty of obedience by acting in good faith and in a reasonable manner. True or false?
In an Agency relationship, if a Principal's instructions are not clearly stated, an agent can fulfill the duty of obedience by acting in good faith and a reasonable manner. This is true.
The Principal is a person with the highest authority or position in an organization. An agent is a person who acts on behalf of another person and follows their instruction to the result.
It is a relationship where the principal allows an agent to act on his or her behalf. The agency relationship is an arrangement where the principal elects an agent to represent them, to act in their interest eventually the entire process is controlled by the agent.
The principal can give the agent authority to perform several duties or the agent can be curtailed to do particular tasks.
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because companies realize consumers will be visiting stores more frequently during the holiday season, several toy manufacturers are paying direct cash to retailers in exchange for placing their brand in the most visible locations. these cash payments are known as
Because companies realize consumers will be visiting stores more frequently during the holiday season, several toy manufacturers are paying direct cash to retailers in exchange for placing their brand in the most visible locations. These cash payments are known as slotting fees.
Cash payments are made to the provider of goods or services in the form of banknotes or coins. It may also entail paying employees within a company for the hours they worked or compensating them for tiny expenses that are too little to be processed through the accounts payable system.
The steps in the cash payment process are creating a reference or code, making the payment at a physical location, and verifying that the money has been received.
Coins, bills, money in a bank account, cheques, and money orders are all examples of cash. Cash is not defined as things like postdated cheques, certificates of deposit, IOUs, stamps, and travel advances.
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wilson's clothing has a loan payable to a bank which is due 18 months from now. how is this loan classified on the firm's financial statements? group of answer choices
The correct answer to the given question of loan is option 4) long-term debt
Debt that matures in more than a year is referred to as long-term debt. There are two ways to look at it: through the issuer's financial statement reporting and through financial investment. Companies are required to show long-term debt issuance and any associated payment commitments in their financial statements. In contrast, investing in long-term debt entails putting cash into debt securities having maturities longer than a year. There are a few benefits to issuing long-term debt as opposed to short-term. Both short-term and long-term interest on commitments is seen as a legitimate business expense that can be written off before taxes.
Question :
Wilson's Clothing has a loan payable to a bank which is due 18 months from now. How is this loan classified on the firm's financial statements?
equitycurrent liabilityexpenselong-term debtfixed assetTo learn more about Debt click here
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Felix and Oscar are roommates. Oscar is messy and Felix plans to move out unless they can come to an agreement. The roommates can only reach a private solution if Oscar compensates Felix for being messy. True False neferences eBook & Resources efficient way of The city of Kingston, Ontario, limits each household to one can of free garbage collection per week. There are fees for any extra garbage collected from the curb. This type of quota policy is a more reducing waste than charging a set price per can because:___________. (Click to select) a less O the marginal benefit of having a can of garbage collected varies among households. an equally a more O everyone will have the same number of cans collected with a quota. the total cost of having garbage collected is the same for everyone with a quota. the marginal cost of a can of garbage is constant with a set can price.
The act or circumstance of providing the individual who was hurt with an acceptable benefit in order to make up for their loss, damage, or injury. The payment of wages is another illustration of compensation.
The gain achieved from taking steps to lower an organization's overall asset expenditure, which has a direct impact on its bottom line, is referred to as a cost savings. Productivity increases and decreased supply procurement costs are two techniques for decreasing expenses. Compensation is one of the most important business procedures that may build or break a partnership.
It makes no difference if Felix pays Oscar to clean up after him or if Oscar pays Felix to make up for his error. Either idea might work as long as it is put into practice and living together saves more money than the private alternative does for each member involved.
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the manufacturer of safety wallets is determining the retail price to charge for each unit sold. which approach should the manufacturer use that supports the psychological pricing strategy?
The manufacturer should approach Price Appearance set the retail price at $24.97 to support the psychological pricing strategy.
The use of pricing to sway a customer's purchasing decisions or spending patterns is known as psychological pricing. The objective is to satisfy a customer's psychological need, whether that need is to save money, invest in the best product, or receive a "good deal." Four illustrations of psychological pricing techniques are:
Man-Made Time LimitationsCharm Pricing Numeracy Price PresentationEven though they reflect the same amount, people perceive longer pricing to be more expensive than shorter prices. This is due to the fact that lengthier prices take longer to read subconsciously. The inclusion of the "$" sign for prices only serves to amplify this impact. In addition to lengthening the price, it also closely ties the amount to consumers' wallets, making them feel worse about parting with their hard-earned money. Similar to how people pronounce prices in their brains and it takes longer to recall extended numbers, prices with more syllables appear more expensive.
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Cervantes recently offered 60,000 new shares of stock for sale. The underwriters sold a total of 73,400 shares to the public at a price of$18.20per share. The additional 13,400 shares were purchased in accordance with which one of the following? Mutipie Choice Red herring provision Post issue agreement Green shoe provision Quiet provision Lockup ogreement
if the public purchased 73,400 shares from the underwriters at a cost of $18.20 each. According to: the following, an extra 13,400 shares were acquired: c). provision of green shoes.
Is the app public legitimate?The Public App: Is It Real? According to TechCrunch, Public is a popular and well-liked investment app with far more than 100,000 users and a corporate value of more over $1 billion since around February 2021. The business belongs to SIPC, which provides up to $500,000 in investment insurance.
Which is preferable, public or Robinhood?Although Public's app doesn't provide options trading and Robinhood's does, Public's trading platform stands out because of its emphasis on community. Public might be a better option if you're looking for a social investing app.
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what did you learn from your group leaders? the teams are struggling because of the change. give them a little time and they'll work it out. the group leaders aren't doing their jobs and don't seem to care. both teams blame the other and are putting their own goals and interests above the company's goals. personality conflicts between a few employees are causing the problems.
The thing learn from the group leaders is C. both teams blame the other and are putting their own goals and interests above the company's goals.
Who is a group leader?A team leader is someone who gives advice, direction, direction-setting, and leadership to a group of people (the team) in order to achieve a key result or set of related results.
A working group is given direction and instruction by a team leader regarding a project or portfolio of projects. They are in charge of assigning tasks, monitoring goal-related progress, and providing team members with the necessary coaching. Team leaders frequently act as the team's informal mentors.
It involves giving a particular group of people direction and focus. This kind of leadership frequently entails accepting accountability for the results of the group's efforts while also facilitating and directing the actions of the participants. In this case, the leaders sometimes put their goals first and this can affect the company.
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The statement of cash flows is designed for all of the following purposes except:_________ A. to list all revenues and expenses. B. to predict future cash flows. C. to provide information about cash receipts and cash payments during a period. D. to determine a company's ability to pay dividends and interest.
The statement of cash flows is designed for all of the following purposes except: list all revenues and expenses. The correct option is a.
What are the basics of expenses to you?Expenses can be thought of as the operational costs a business bears in order to make money. It is described as the price one must pay to acquire something. We've all heard the adage "you have to spend money to make money."
Some of the typical costs are payments to suppliers, staff wages, factory leases, and depreciation of equipment. Businesses are permitted to deduct tax-deductible expenses on their income tax returns in order to reduce their taxable income and, consequently, their tax liabilities.
The statement of cash flows is designed to predict future cash flows. To provide information about cash receipts and cash payments during a period. To determine a company's ability to pay dividends and interest.
Businesses may deduct certain expenses, but the Internal Revenue Service has stringent guidelines on what qualifies.
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An organization must identify what it wants to do and how it is going to do it. what does the how part of this question focus on?
An organization needs to decide what it intends to accomplish and how it will do it. It concentrates on risk assessments for projects.
What is an organization?An organization is a group of individuals engaged in the pursuit of specific goals. All formal human ties make up its social structure, which can be understood. Workload allocation among employees and task alignment with regard to the organization's main objective is both aspects of the organization.
It can also be considered the second-most significant managerial task because it involves coordinating employee efforts, acquiring resources, and combining the two in order to achieve the objectives of the organization.
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shoe companies can use influencer marketing to build brand recognition to gain credibility and familiarity. t or f
"Shoe companies can use influencer marketing to build brand recognition to gain credibility and familiarity." Option A True
What is marketing?Generally, Marketing creates, communicates, delivers, and exchanges products and services that benefit consumers, clients, partners, and society.
Marketing informs consumers, engages them, and helps them decide to purchase. Your company plan's marketing strategy helps create and sustain demand, relevance, reputation, competitiveness, etc.
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Two oligopolistic firms forming a cartel will want to set a price so that the cartel produces ______________ the allocatively efficient amount.
A less than
B more than
C the same amount as
D One cannot tell.
Two oligopolistic firms forming a cartel will want to set a price so that the cartel produces more than the allocatively efficient amount.
An oligopoly is a market with a limited number of businesses that are aware of their interdependence in terms of price and output practices. Each company has some market power since there are only a few businesses. High entry barriers, the capacity to determine prices, company interdependence, revenue maximization, product differentiation, and non-price competition are some features of oligopoly.
The drawbacks of oligopoly include the impossibility for small businesses to enter this market due to the large enterprises' entire dominance over the industry and the fact that consumers have a very restricted selection of the companies involved in this market.
Hence the correct option is B
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What does the term credit means in business?
The ability of a person or corporation to repay debts or their credit history are both examples of credit. A balance sheet change affects a company's assets, liabilities, and equity.
Although this term has multiple financial meanings, most people understand it to refer to a situation in which a borrower borrows money from a lender and then returns it to them along with interest.
The majority of people continue to view credit as an arrangement to obtain goods or services with the promise of later payment. This is what is meant when something is bought with credit.
Currently, the most popular method of purchasing on credit is through credit cards. By doing this, the credit arrangement gains a middleman. The bank that issued the buyer's credit card pays the merchant in full and extends credit so that the buyer can repay the bank with interest over time.
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southwest airlines sponsors a number of public service activities at both the national and local levels. for instance, at the national level, employees support the ronald mcdonald house. in doing so, southwest is attempting to achieve what long-term promotion objective?
The ultimate idea is to sponsor a number of public service activities at both the national and local levels at the national level southwest is attempting to achieve public service promotion.
Public service promotions inform the public about non controversial issues that are in the public's best interests. For example, how internet companies promote improved health changes through changes in dietary plans and exercise routines and habits.
By following this routine Southwest airlines get to advertise through itself and also get a good spotlight on its own public image.
The more a brand puts itself out there and tries to improve its own value through goodwill the better it is for the business of the company.
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while shopping at food lion, sam noticed the granola bars he usually purchases were on sale for four boxes for $10.00. sam thought that was a great deal and purchased eight boxes to stock up. what type of pricing strategy is food lion using?
While shopping at food lion, sam noticed the granola bars he usually purchases were on sale for four boxes for $10.00. sam thought that was a great deal and purchased eight boxes to stock up he was using multiple unit pricing strategy.
A pricing strategy called "Multiple Unit Pricing" allows customers to purchase multiple units of the same product for a lower total price. It basically refers to the strategy of lowering prices in proportion to a customer's desired number of units. It is frequently utilized as a marketing tactic.
When a company wants to increase sales of a particular product, it frequently employs multiple unit pricing. In addition, it can be used to sell off products that were not sold the previous time. By offering a novel product at an appealing price, Multiple Unit Pricing also aids in expanding into new markets. Lastly, the strategy can be utilized when a company offers deals to customers and bulk orders.
The other kind of Multiple Unit Pricing occurs when a business has too much stock sitting around without being used. In such a scenario, the products may become obsolete, or their quality may decline. In light of this, the primary objective of the pricing strategy is to make use of the stock rather than storing it in warehouses. Similarly, the likelihood of the business incurring losses increases the longer the products are unavailable for
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paolo wants to open a new business in his own country, chile. he has decided on a form of licensing that will provide him with a standard package of products, systems, and management services in order to sell fast food to local residents. what is the form of business paolo has chosen?
Products, capital, research, and the company's long- and short-term goals are the subjects of strategic planning, which is conducted at the highest levels of management.
The planning process is a primary medium of organizational learning when planning for global markets.
The simplest and cheapest way to enter a new market is through exporting. Contrasted with different method for entering new business sectors, trading requires less starting capital.
The first step in conducting international marketing research is conducting a business needs assessment. It's a way to learn everything you need to know about your business and how to grow it. It's a method for figuring out what your company needs to succeed.
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For the year ending december 31, beard clinical supplies co. Mistakenly omitted adjusting entries for (1) $9,800 of unearned revenue that was earned, (2) earned revenue that was not billed of $10,200, and (3) accrued wages of $7,000. Indicate the combined effect of the errors on (a) revenues, (b) expenses, and (c) net income.
For the year ending december 31, beard clinical supplies co. Mistakenly omitted adjusting entries for (1) $9,800 of unearned revenue that was earned, (2) earned revenue that was not billed of $10,200, and (3) accrued wages of $7,000. the combined effect of the errors on revenues is $20,000 increase, expenses $7,000 increase, and net income $12,000 increase.
the effect of the errors on revenues can be calculate as follows:
The effect on revenues due to the errors is an increase of $9,800 + $10,200 = $20,000.
the effect of the errors on expenses can be calculate :
The effect on expenses due to the errors is an increase of $7,000.
the effect of the errors on net income can be calculate :
The effect on net income due to the errors is an increase of $20,000 - $7,000 = $13,000.
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