Transactions for Sheridan Company for the month of May are presented below. Prepare journal entries for each of these transactions. May 1 Stockholders invests $4,350 cash in exchange for common stock in a small welding corporation.
3 Buys equipment on account for $1,055. 13Pays $394 to landlord for May rent.
21 Bills Noble Corp. $530 for welding work done. (Use Service Revenue account.)

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented

Consider two similar industries, portal crane manufacturing (pcm) and forklift manufacturing (flm). the pcm industry has exactly three incumbents with annual sales of $800 million, $200 million and $100 million, respectively. the flm industry has also exactly three incumbents, with annual sales of $500 million, $450 million and $400 million, respectively. which industry is more likely to experience a higher level of rivalry?