Sulton Company purchased machinery that cost $300,000 on January 1, 2020. The entire cost was recorded as an expense. The machinery has a nine-year life and a $12,000 residual value. Sulton uses the straight-line method to account for depreciation expense. The error was discovered on December 10, 2022. Ignore income tax considerations.
Sulton’s income statement for the year ended December 31, 2022, should show that the cumulative effect of this error is which of the following?

A) $ 0. B) $221,333. C) $236,000. D) $224,000.

Mikkelson corporation's stock had a required return of 12.50% last year, when the risk-free rate was 3% and the market risk premium was 4.75%. then an increase in investor risk aversion caused the market risk premium to rise by 2%. the risk-free rate and the firm's beta remain unchanged. what is the company's new required rate of return? (hint: first calculate the beta, then find the required return.) do not round your intermediate calculations.

Mno corporation uses a job-order costing system with a predetermined overhead rate based on direct labor-hours. the company based its predetermined overhead rate for the current year on the following data: total estimated direct labor-hours 50,000 total estimated fixed manufacturing overhead cost $ 285,000 estimated variable manufacturing overhead per direct labor-hour $ 3.80 recently, job p123 was completed with the following characteristics: total actual direct labor-hours 20 direct materials $ 710 direct labor cost $ 500 the amount of overhead applied to job p123 is closest to:

What is a market? a. a system that allows people or companies to buy and sell products and services b. the number of companies willing to manufacture a specific product c. the ability to buy production materials in large quantities and save on costs d. a product's ability to satisfy a consumer