Sheldon Company began Year 1 with $2,200 in its supplies account. During the year, the company purchased $6,500 of supplies on account. The company paid $3,100 on accounts payable by year end. At the end of Year 1, Sheldon counted $3,900 of supplies on hand.
Sheldon's financial statements for Year 1 would show.

Agood for which demand increases as income rises is and a good for which demand increases as income falls is

Precision dyes is analyzing two machines to determine which one it should purchase. the company requires a rate of return of 15 percent and uses straight-line depreciation to a zero book value over the life of its equipment. ignore bonus depreciation. machine a has a cost of $462,000, annual aftertax cash outflows of $46,200, and a four-year life. machine b costs $898,000, has annual aftertax cash outflows of $16,500, and has a seven-year life. whichever machine is purchased will be replaced at the end of its useful life. which machine should the company purchase and how much less is that machine's eac as compared to the other machine's

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?