A company switched from the cash basis to the accrual basis for recognizing warranty expense. The unrecorded liability for warranties was $2.4 million at the beginning of the year. Its tax rate is 25%. The company booked a year-end warranty liability of $3 million. As a result of this change, the firm would: Multiple Choice Report a current period charge decreasing net income by $600,000. Report a prior period adjustment decreasing retained earnings by $1,800,000. Report a prior period adjustment decreasing retained earnings by $600,000. Report a current period charge decreasing net income by $1,800,000.

In its first year of operations, crane company recognized $31,700 in service revenue, $7,700 of which was on account and still outstanding at year-end. the remaining $24,000 was received in cash from customers. the company incurred operating expenses of $16,600. of these expenses, $12,690 were paid in cash; $3,910 was still owed on account at year-end. in addition, crane prepaid $3,260 for insurance coverage that would not be used until the second year of operations.

Stocks a, b, and c are similar in some respects: each has an expected return of 10% and a standard deviation of 25%. stocks a and b have returns that are independent of one another; i.e., their correlation coefficient, r, equals zero. stocks a and c have returns that are negatively correlated with one another; i.e., r is less than 0. portfolio ab is a portfolio with half of its money invested in stock a and half in stock b. portfolio ac is a portfolio with half of its money invested in stock a and half invested in stock c. which of the following statements is correct? a. portfolio ab has a standard deviation that is greater than 25%.b. portfolio ac has an expected return that is less than 10%.c. portfolio ac has a standard deviation that is less than 25%.d. portfolio ab has a standard deviation that is equal to 25%.e. portfolio ac has an expected return that is greater than 25%.

When many scrum teams are working on the same product, should all of their increments be integrated every sprint?