Apple inc., formerly called apple computer inc., is a multinational corporation founded by steve jobs and steve wozniak. their vision was to "change the way people viewed computers." they wanted to make computers small enough to carry from work to home that was user friendly to people who had not used a computer before. april 1, 1976, they created apple i in job’s garage. they sold them without a keyboard, monitor, or casing; which was later added in 1977 when the company became incorporated. by apple ii, they had revolutionized the computer industry by introducing first-ever color graphics. apple computer was the manufacturer of personal computers for more than three decades. jobs left the company in 1985 and returned in 1996 after his company next, was bought by apple to with improvements. with this move, the following year he became the company’s permanent ceo. job’s created a new corporate viewpoint of recognizable products with simple designs, starting with the original imac in 1998.

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.