What type of error is the cpa most likely to discover when he/she examines all shipping reports dated in january of 20x1, shipped fob shipping point, which were recorded in december of 20x0 as credit sales? a. accounts receivable are overstated at december 31, 20x0.b. accounts receivable are understated at december 31, 20x0.c. operating expenses are overstated for the 12 months ended december 31, 20x0.d. sales returns and allowance are overstated at december 31, 20x0.

The monthly demand equation for an electric utility company is estimated to be p equals 60 minus left parenthesis 10 superscript negative 5 baseline right parenthesis x, where p is measured in dollars and x is measured in thousands of killowatt-hours. the utility has fixed costs of $3 comma 000 comma 000 per month and variable costs of $32 per 1000 kilowatt-hours of electricity generated, so the cost function is upper c left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 32 x. (a) find the value of x and the corresponding price for 1000 kilowatt-hours that maximize the utility's profit. (b) suppose that the rising fuel costs increase the utility's variable costs from $32 to $38, so its new cost function is upper c 1 left parenthesis x right parenthesis equals 3 times 10 superscript 6 baseline plus 38 x. should the utility pass all this increase of $6 per thousand kilowatt-hours on to the consumers?