Following is a list of financial statement items and amounts for vantage service as of 12/31/year 1, the end of its first year in operation. accounts receivable $ 41,300accounts payable 31,300cash 10,130common stock 21,300notes payable 10,260equipment 50,650sales revenue 106,500fuel expense 10,130rent expense 11,200advertising expense 5,130salaries and wages expense 21,300retained earnings ? dividends 19,520required: prepare the income statement for the year ended december 31, year 1. prepare the statement of retained earnings for the year ended december 31, year 1. prepare the balance sheet for the year ended december 31, year 1.

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

In the united states, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. in the united kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. the united kingdom has a comparative advantage in the production of:

Haley photocopying purchases a paper from an out-of-state vendor. average weekly demand for paper is 150 cartons per week for which haley pays $15 per carton. in bound shipments from the vendor average 1000 cartoons with an average lead time of 3 weeks. haley operates 52 weeks per year; it carries a 4-week supply of inventory as safety stock and no anticipation inventory. the vendor has recently announced that they will be building a faculty near haley photocopying that will reduce lead time to one week. further, they will be able to reduce shipments to 200 cartons. haley believes that they will be able to reduce safety stock to a 1-week supply. what impact will these changes make to haley’s average inventory level and its average aggregated inventory value?