Jupiter systems, an information technology company, determines that most problems handled by employees at its desk can be resolved within 20 minutes. the company sets 20 minutes as the standard time for resolving a customer problem. if an employee solves a customer's problem in less than 20 minutes, the employee still earns 20 minutes' worth of wages. which of the following payment methods does this scenario illustrate? a. gainsharing b. standard hour plan c. commissionsd. merit pay

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.