On March 31, 20Y9, the balances of the accounts appearing in the ledger of Royal Furnishings Company, a furniture store, are as follows: Accounts Receivable $170,000 Inventory $975,250 Accumulated Depreciation—Building 736,100 Notes Payable 271,850 Administrative Expenses 532,450 Office Supplies 20,350 Building 2,589,700 Retained Earnings 1,279,250 Cash 175,250 Salaries Payable 7,750 Common Stock 291,850 Sales 6,599,400 Cost of Goods Sold 3,783,300 Selling Expenses 692,000 Dividends 173,200 Store Supplies 92,050 Interest Expense 10,100 a. Prepare a multiple-step income statement for the fiscal year ended March 31, 20Y9.

Aztic inc., a manufacturer of sports goods, plans to expand its operations to various other countries. during market research, it avoids countries where the dominant population is mostly rural. in this case, aztic inc. is assessing the of the countries

Guardian inc. is trying to develop an asset-financing plan. the firm has $450,000 in temporary current assets and $350,000 in permanent current assets. guardian also has $550,000 in fixed assets. assume a tax rate of 40 percent. a. construct two alternative financing plans for guardian. one of the plans should be conservative, with 70 percent of assets financed by long-term sources, and the other should be aggressive, with only 56.25 percent of assets financed by long-term sources. the current interest rate is 12 percent on long-term funds and 7 percent on short-term financing. compute the annual interest payments under each plan.

John is a 45-year-old manager who enjoys playing basketball in his spare time with his teenage sons and their friends. at work he finds that he is better able to solve problems that come up because of his many years of experience, but while on the court, he finds he is not as good keeping track of the ball while worrying about the other players. john's experience is: