Assume that the ending inventory of a merchandising firm is overstated by $43,300. required:
a. by how much and in what direction (overstated or understated) will the firm's cost of goods sold be misstated?
b. if this error is not corrected, what effect will it have on the subsequent period’s operating income? operating income will be too low. operating income will be too high. no effect on operating income.
correct answer is option c - it has no impact because a fixed-rate mortgage cannot change.
economic downturn is the general slowdown in the economy over the period of time. during economic downturn, there is less demand for money and as a result there is fall in the price of credit. but in case of fixed rate mortgage the rate is always fixed irrespective of the economic scenario.
so, economic downturn has no impact on borrowers fixed rate mortgage because a fixed-rate mortgage cannot change.
the work breakdown structure provides a basis for creating the project schedule and performing earned value management for measuring and forecasting project performance. a work breakdown structure is also known as wbs- which break down the team's work into smaller, more manageable sections. by breaking down the sections into smaller groups gives more opportunity for completion before moving on to the next group and makes the tasks more managable.