At the end of year 1, voss company had $8,000 of inventory. during year 2 the following events occurred: (1) voss company purchased $10,000 of inventory with cash. (2) sold $15,000 of inventory for $20,000 cash to customers. (3) at the end of the year, a physical count of the inventory, it found only $1,000 of inventory on hand. what would voss company report for cost of goods sold on the year 2 income statement?

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

If a team of three workers, each making the u.s. federal minimum wage, produced these 12 rugs, what would the total labor cost be? don't forget that these workers would be working overtime.

Young owners of a sole proprietorship will likely not find financial support available from?