You have been hired as the new controller for the ralston company. shortly after joining the company in 2021, you discover the following errors related to the 2019 and 2020 financial statements: inventory at december 31, 2019, was understated by $7,600. inventory at december 31, 2020, was overstated by $10,600. on december 31, 2020, inventory was purchased for $4,600. the company did not record the purchase until the inventory was paid for early in 2021. at that time, the purchase was recorded by a debit to purchases and a credit to cash. the company uses a periodic inventory system.

required:

1. assuming that the errors were discovered after the 2020 financial statements were issued, analyze the effect of the errors on 2020 and 2019 cost of goods sold, net income, and retained earnings. (ignore income taxes.)

2. prepare a journal entry to correct the errors.

The following cost data pertain to the operations of montgomery department stores, inc., for the month of july. corporate legal office salaries $ 75,300apparel department cost of sales"evendale store $ 97,200corporate headquarters building lease $ 50,300store manager's salary"evendale store $ 12,900apparel department sales commission"evendale store $ 11,550store utilities"evendale store $ 12,800apparel department manager's salary"evendale store $ 10,450central warehouse lease cost $ 18,600janitorial costs"evendale store $ 11,800 the evendale store is just one of many stores owned and operated by the company. the apparel department is one of many departments at the evendale store. the central warehouse serves all of the company's stores. required: 1. what is the total amount of the costs listed above that are direct costs of the apparel department? 2. what is the total amount of the costs listed above that are direct costs of the evendale store? 3. what is the total amount of the apparel department's direct costs that are also variable costs with respect to total departmental sales?

There are more than two types of bachelors’ degrees true or false?

Issued to the joint planning and execution community (jpec) initiates the development of coas; it also requests that the supported ccdr submit a commander's estimate of the situation with a recommended coa to resolve the situation (joint force command and staff participation in the joint operation planning and execution system, page 10)