Andrews share of net income is $35,000 and barbara’s share of net income is $45,000. which of the following would be included in a closing entry as a result of these allocations
a. andrews capital account would be credited for $40,000
b. andrews capital account would be debited $35,000
c. the income summary would be devoted for $80,000
d. barbara’s capital account would be credited $40,000

The adjusted trial balance for china tea company at december 31, 2018, is presented below:

Mattress wholesalers, inc. is constantly trying to reduce inventory in its supply chain. last year, cogs was $7.47 million and inventory was $1.47 million. this year, cogs is $8.65 million and inventory investment is $1.64 million.a) what was its weeks of supply last ) what is its weeks of supply this ) is mattress wholesalers making progress in its inventory reduction effort? since the number of weeks that cover the supply has mattress wholesalers is making in its inventory reduction effort.

You are considering the purchase of one of two machines used in your manufacturing plant. machine 1 has a life of two years, costs $20,000 initially, and then $4,000 per year in maintenance costs. machine 2 costs $25,000 initially, has a life of three years, and requires $3,500 in annual maintenance costs. either machine must be replaced at the end of its life with an equivalent machine. using eac which is the better machine for the firm