Accrued salaries payable of $51,000 were not recorded at december 31, 2014. office supplies on hand of $29,000 at december 31, 2015 were erroneously treated as expense instead of supplies inventory. neither of these errors was discovered nor corrected. the effect of these two errors would cause: a. 2015 net income to be understated $80,000 and december 31, 2015 retained earnings to be understated $29,000.b. 2014 net income and december 31, 2014 retained earnings to be understated $51,000 each. c. 2014 net income to be overstated $22,000 and 2015 net income to be understated $29,000.d. 2015 net income and december 31, 2015 retained earnings to be understated $29,000 each.

You cannot make copies of media, even as a personal backup, without violating copyright. true

5. if you were to take a typical payday loan for $150, with an interest rate of 24.5% due in full after two weeks, what is the total amount you would have to repay? a. $186.75 b. $174.50 c. $157.33 d. $153.67

Speedy auto repairs uses a job-order costing system. the company’s direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics’ hourly wages. speedy’s overhead costs include various items, such as the shop manager’s salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 20,000 fixed overhead cost $ 350,000 variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate. 2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 590 direct labor cost $ 109 direct labor-hours used 6