help please

Question 15 3 pts meep The basic inventory equation/formula for costs can be expressed as: O Beginning inventory + COGAFS - COGS - Purchases (net) = Ending inventory Ending inventory - COGAFS - Purchases (net) + COGS - Beginning inventory Beginning inventory + Purchases (net) - COGAFS - COGS - Ending inventory Ending inventory - Beginning inventory - COGAFS - Purchases (net) - COGS Beginning inventory + Purchases (neti - COGS - Ending Inventory - COGAFS Question 16 3 pts Assume Cost of Goods Available for Sale is calculated correctly. If ending inventory is understated in Year 1, Cost of Goods Sold is and Net Income is that year. Overstated: Overstated O Overstated: Understated O Overstated; Correct Understated: Understated Understated; Overstated Question 17 . Rock Hill Enterprises reported the following for FYE December 31, 2019: Sales, $700,000 Merchandise Inventory, $200,000 Sales Discounts, $10.000 Sales Returns & Allowances, $15,000 Cost of Goods Sold. $400,000 Operating Expenses, $120,000 Interest Revenue, $25,000 Accounts Receivable (net) $55,000 Using the above information, answer the following questions: A) What is the company's reported gross profit for 2019? [Select] B) What is the company's gross profit percentage (gross margin ratio) for 2019? [ Select C) The company pays tax at an average rate of 35%. Rock Hill's 2019 net income is: [ Select D) Rock Hill's net Accounts Receivable balance as of December 31, 2018 was $85.000. What is the company's Accounts Receivable Turnover for 2019? (Select) D Question 18 3 pts Which method to account for receivables is generally not acceptable under GAAP? Direct write-off method Percent of sales method Percent of receivables method Aging of receivables method All of these are acceptable under GAAP