The trial balance of mendez company at the end of its fiscal year, august 31, 2022, includes these accounts: beginning inventory $18,700; purchases $154,000; sales revenue $190,000; freight-in $8,000; sales returns and allowances $3,000; freight-out $1,000; and purchase returns and allowances $5,000. the ending inventory is $21,000.

Select the statement that indicates tina's company is a partnership. tina jones is a dancer specializing in latin dance styles. she always wanted to have her own dance studio where she could teach dancing to young and old alike. in 2006, she opened her first dance studio, electric diva, in madison triangle. it was a great choice as a business location because it's well-connected by highways to most places in the city. she leased the space for three years. her initial investment included a good sound system, cheerful interior design, and strong flooring. to raise capital for the business, tina turned to her brother-in-law, philip. philip made half the financial investment. he manages the accounts and social media needs of the business. he has a 30% share in trisha's business. together, they expanded the business to three dance studios in the city and plan to open franchises in other cities.

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.

Food goblin supermarkets use both cashiers and baggers to serve customers at check out. during the first 6 hours of each workday (monday-friday), 3 cashiers and 2 baggers serve approximately 23 customers per hour. a cashier and a bagger who require approximately 4 minutes at checkout and 3 minutes at bagging serve each customer. a. how many employees should food goblin supermarket schedule if it requires a 12 percent capacity cushion? food goblin supermarket should schedule nothing cashier(s). (enter your response rounded up to the nearest whole number.)