Received $9,500 cash for consulting services rendered. issued 10 additional shares of common stock at a market price of $120 per share. purchased $640 of office equipment, paying 25 percent in cash and owing the rest on a short-term note. received $890 from clients for consulting services to be performed in the next year. bought $470 of supplies on account. incurred and paid $1,800 in utilities for the current year. consulted for clients in the current year for fees totaling $1,620, due from clients in the next year. received $2,980 from clients paying on their accounts. incurred $6,210 in salaries in the current year, paying $5,300 and owing the rest (to be paid next year). purchased $1,230 in short-term investments and paid $800 for insurance coverage beginning in the next fiscal year. received $10 in interest revenue earned in the current year on short-term investments. required: prepare in good form an unadjusted classified income statement for the current year ended december 31. (ignore income taxes.) (enter your answer in thousands, not in dollars.)

Shareholders of tesla recently expressed concerns that elon musk should give up some of his power on tesla's board by appointing two independent directors. which of the following is not a reason why elon musk is perceived to have significant power over tesla's board? 1. he is the founder of the firm and a successful entrepreneur, thus board members may be hesitant to challenge him.2. as the ceo and chairman of the firm he can easily determine what the board should discuss and how it should vote on strategic issues.3. all board members, except for kimbal, have been appointed to the board during elon's tenure.4. many of the firm's directors are outsider investment managers whose interests would not be aligned with those of firms' shareholders.

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?

Margaret company reported the following information for the current year: net sales $3,000,000 purchases $1,957,000 beginning inventory $245,000 ending inventory $115,000 cost of goods sold 65% of sales industry averages available are: inventory turnover 5.29 gross profit percentage 28% how do the inventory turnover and gross profit percentage for margaret company compare to the industry averages for the same ratios? (round inventory turnover to two decimal places. round gross profit percentage to the nearest percent.)