Herb company manufactured more product than it was able to sell during the current year. if the salaries of the sales staff of herb company are improperly recorded as a product cost, what will be the likely effect on net income of the period in which the error occurs?

Having a long credit that will be corrected is better that a short credit that is clear is simply because with long credit history, a prospective lender can see how you have operated your credit facility over a considerable period. nobody's credit history is perfect - everyone has at least 1 or 2 lapses on their record. have short history of your credit doesn't show patterns or trends of persistent late payments.