The following is a summary of information presented on the financial statements of a company on december 31, 2019. account 2019 2018 net sales revenue $600,000 $504,000 cost of goods sold 456,000 405,000 gross profit $144,000 $99,000 selling expenses 51,000 54,000 net income before income tax expense $93,000 $45,000 income tax expense 39,000 23,000 net income $54,000 $22,000 with respect to net income, a horizontal analysis reveals (round your answer to two decimal places.)

If temper company, a manufacturer of mattresses, was considering moving its production facilities to china but decided against it because the additional costs of shipping the mattresses back to the u.s. would offset the cost savings associated with moving the production facilities, the increased costs associated with shipping would be an example ofanswers: learning-curve economies.diseconomies of scale.economies of scale.competitive advantages.

If you miss two payments on a credit card what is generally the penalty

Sye chase started and operated a small family architectural firm in 2016. the firm was affected by two events: (1) chase provided $25,000 of services on account, and (2) he purchased $2,800 of supplies on account. there were $250 of supplies on hand as of december 31, 2016. record the two transactions in the accounts. record the required year-end adjusting entry to reflect the use of supplies and the required closing entries. post the entries in the t-accounts and prepare a post-closing trial balance.