The Horton Corporation accepted the delivery on August 15, 2017 of merchandise that it had purchased on account. As of August 31, Horton, which uses the periodic method, had not recorded the transaction or included the merchandise in its inventory. What is the impact of this on their August 31, 2017 balance sheet?

Garfield corporation is considering building a new plant in canada. it predicts sales at the new plant to be 50,000 units at $5.00/unit. below is a listing of estimated expenses. category total annual expenses % of annual expense that are fixed materials $50,000 10% labor $90,000 20% overhead $40,000 30% marketing/admin $20,000 50% a canadian firm was contracted to sell the product and will receive a commission of 10% of the sales price. no u.s. home office expenses will be allocated to the new facility. the contribution margin ratio for garfield corporation is