Mom owns 100% of the capital stock of both Daughter Corp. and Son Corp. Daughter purchases merchandise inventory from Son at 140% of Son's cost. During year 1, merchandise that cost Son $40,000 was sold to Daughter. Daughter sold all of this merchandise to unrelated customers for $81,200 during year 1. In preparing combined financial statements for year 1, Mom's bookkeeper disregarded the common ownership of Daugher and Son. By what amount was unadjusted revenue overstated in the combined income statement for year 1

Walter wants to deposit $1,500 into a certificate of deposit at the end of each ofthe next 6 years. the deposits will earn 5 percent compound annual interest. ifwalter follows through with his plan, approximately how much will be in his accountimmediately after the sixth deposit is made?

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.

If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?