Presented below are changes in all the account balances of Nash Furniture Co. during the current year, except for retained earnings. Increse Decrease Increse Decrease
Cash $70,400 Accounts Payable $51,060
Accounts Receivable 53,100 Bonds Payable 84,740
Inventory 127,400 Common Stock 127,600
Investments (47,150) Paid-In Capital in Excess of Par-Common Stock 13,620

Required:
Compute the net income for the current year, assuming that there were no entries in the Retained Earnings account except for net income and a dividend declaration of $28,470 which was paid in the current year.

Read the scenario. alfonso is 19 years old and has a high school diploma. recently, he was promoted to assistant manager at the fast-food restaurant where he has worked since the age of sixteen. his dream is to become the restaurant’s manager. what is his best option for achieving his dream? he should find another job and work his way up to a higher position. he should hope that his manager transfers to another location and that he is his replacement. he should attend classes at the local college to receive training in management. he should work hard, work longer hours, and remain assistant manager.