Berkshire inc. uses a periodic inventory system. at the end of 2017, it missed counting some inventory items, resulting in an inventory understatement by $610,000. assume that berkshire has a 35% income tax rate and that this was the only error it made. if undetected, what is the effect of this error on berkshire's december 31,2017 balance sheet

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance

(a) what do you think will happen if the price of non-gm crops continues to rise? why? (b) what will happen if the price of non-gm food drops? why?

Mystic bottling company bottles popular beverages in the bottling department. the beverages are produced by blending concentrate with water and sugar. the concentrate is purchased from a concentrate producer. the concentrate producer sets higher prices for the more popular concentrate flavors. a simplified bottling department cost of production report separating the cost of bottling the four flavors follows: