Tarleton Company discovered ending inventory errors in 2015 and 2016. The 2015 ending inventory was overstated by $205,000 whereas the 2016 ending inventory was understated by $75,000. Ignoring income tax effects, by what amount should the beginning retained earnings be adjusted on January 1, 2017?

Ignoring defaults, what is the approximate effective cost of factoring if receivables are sold at a 4% discount and the average collection period is 2 months?

A) 26.53% B) 19.40% C) 27.75% D) 24.00%

Use the S-curve to choose the BEST statement about the project it describes. The horizontal axis is in weeks

A) The total project costs in week 10 are less than budgeted. B) The total project costs in week 10 exceed the budgeted cost. C) The project cost more from weeks 25 through 30 than it did in weeks 10 through 15. D) The total amount spent on the project at the end of the 20th week is approximately $30,000.