What type of error is the cpa most likely to discover when he/she examines all shipping reports dated in january of 20x1, shipped fob shipping point, which were recorded in december of 20x0 as credit sales? a. accounts receivable are overstated at december 31, 20x0.b. accounts receivable are understated at december 31, 20x0.c. operating expenses are overstated for the 12 months ended december 31, 20x0.d. sales returns and allowance are overstated at december 31, 20x0.

Two assets have the following expected returns and standard deviations when the risk-free rate is 5%: asset a e(ra) = 18.5% σa = 20% asset b e(rb) = 15% σb = 27% an investor with a risk aversion of a = 3 would find that on a risk-return basis. a. only asset a is acceptable b. only asset b is acceptable c. neither asset a nor asset b is acceptable d. both asset a and asset b are acceptable

20. to add body to a hearty broth, you may use a. onions. b. pasta. c. cheese. d. water.

You are the manager of a large crude-oil refinery. as part of the refining process, a certain heat exchanger (operated at high temperatures and with abrasive material flowing through it) must be replaced every year. the replacement and downtime cost in the first year is $165 comma 000. this cost is expected to increase due to inflation at a rate of 7% per year for six years (i.e. until the eoy 7), at which time this particular heat exchanger will no longer be needed. if the company's cost of capital is 15% per year, how much could you afford to spend for a higher quality heat exchanger so that these annual replacement and downtime costs could be eliminated?