Sarah owns a book store. she is planning to stock some books by a famous author. but she has a tight budget, and she is not sure whether to stock all the previous books by the author or only the latest ones. what is the scarce resources in this scenario ?

a. books
b. money
c. readers
d. space

Selected transactions of the carolina company are listed below. classify each transaction as either an operating activity, an investing activity, a financing activity, or a noncash activity. 1. common stock is sold for cash above par value. 2. bonds payable are issued for cash at a discount

What part of the rational model of decision-making does the former business executive “elliott” have a problem completing?

Cherokee inc. is a merchandiser that provided the following information: amount number of units sold 20,000 selling price per unit $ 30 variable selling expense per unit $ 4 variable administrative expense per unit $ 2 total fixed selling expense $ 40,000 total fixed administrative expense $ 30,000 beginning merchandise inventory $ 24,000 ending merchandise inventory $ 44,000 merchandise purchases $ 180,000 required: 1. prepare a traditional income statement. 2. prepare a contribution format income statement.