Stan’s Market used the perpetual method to record the following events involving a recent purchase of inventory: Received goods for $119000, terms 2/15, n/30. Returned $2000 of the shipment for credit. Paid $400 freight on the shipment. Paid the invoice within the discount period. As a result of these events, the company’s inventory: a) increased by $114660.
b) increased by $117400.
c) increased by $115052.
d) increased by $115060.

Overspeculation and a decrease in consumer confidence are both leading factors of: ?

If a hotel has 100 rooms, and each room takes 25 minutes to clean, how many housekeepers working 8-hour shifts does the hotel need at 50 percent occupancy?

Rebel technology maintains its records using cash-basis accounting. during the year, the company received cash from customers, $43,000, and paid cash for salaries, $23,500. at the beginning of the year, customers owe rebel $1,000. by the end of the year, customers owe $6,600. at the beginning of the year, rebel owes salaries of $5,600. at the end of the year, rebel owes salaries of $3,300. determine cash-basis net income and accrual-basis net income for the year.