Closing entries; net income on march 31, 2019, the balances of the accounts appearing in the ledger of racine furnishings company, a furniture wholesaler, are as follows: accumulated depreciation—building $300,000 merchandise inventory $392,000 administrative expenses 216,000 notes payable 100,000 building 1,000,000 office supplies 8,000 cash 70,000 salaries payable 3,200 cost of merchandise sold 1,520,000 sales 2,564,000 interest expense 4,000 selling expenses 286,000 kathy melman, capital 634,800 store supplies 36,000 kathy melman, drawing 70,000 journalize the closing entries in the order as presented in the chapter. for a compound transaction, if an amount box does not require an entry, leave it blank. mar. 31 sales cost of merchandise sold selling expenses administrative expenses mar. 31

You meet that special person and get married. amazingly your spouse has exactly the same income you do 47,810. if your tax status is now married filing jointly what is your tax liability

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?

According to ceo heidi ganahl, camp bow wow requires a strong and consistent corporate culture to keep all local franchise owners "on the same page" and to follow a common template for the business and brand. this culture could become detrimental over time because: (a) strong consistent cultures are inflexible and incapable of adapting to environmental change (b) strong consistent cultures are too flexible and capable of adapting to environmental change (c) strong consistent cultures don’t perform well in any environment (d) the passing of time provides stability and predictability for businesses