At december 31, 2019, sharon lee corporation reported current assets of $343,980 and current liabilities of $196,600. the following items may have been recorded incorrectly. 1. goods purchased costing $20,440 were shipped f. o.b. shipping point by a supplier on december 28. lee received and recorded the invoice on december 29, 2019, but the goods were not included in lee's physical count of inventory because they were not received until january 4, 2020. 2. goods purchased costing $15,950 were shipped f. o.b. destination by a supplier on december 26. lee received and recorded the invoice on december 31, but the goods were not included in lee's 2019 physical count of inventory because they were not received until january 2, 2020. 3. goods held on consignment from claudia kishi company were included in lee's december 31, 2019, physical count of inventory at $11,890. 4. freight-in of $3,040 was debited to advertising expense on december 28, 2019.
recompute the current ratio after corrections are made. (round ratio to 2 decimal places, e. g. 2.31: 1.) the current ratio 1.88 : 1

Jodi is trying to save money for a down payment on a house. she invests $6,000 into an account paying 5.5% simple interest. for how long must she save if she needs $7,300 for the down payment? a. 2 years b. 3 years c. 4 years d. 5 years

Peninsula products has just applied for a loan at your bank. when reviewing peninsula's books for the year that just ended, you notice that the firm uses the fair value option for its bonds payable. you also see that the firm recorded a $55,000 debit in its bonds payable account and a $55,000 credit in its unrealized holding gain or loss"income account. over that same period, interest rates decreased by about 0.5 percent. how should this information affect the bank's decision as to whether to grant peninsula a loan? a : the bank should strongly consider giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen an increase in its credit rating over the past year. b : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely the result of the rise in interest rates. c : the bank should hesitate before giving a loan to peninsula because the changes in firm's bonds payable and unrealized holding gain or loss"income accounts suggest that peninsula has seen a decline in its credit rating over the past year. d : the bank should put little emphasis on the changes in peninsula's bonds payable and unrealized holding gain or loss"income accounts because these changes are likely unrelated to either interest rates or the firm's credit rating.

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?