Shankar Company uses a perpetual system to record inventory transactions. The company purchases inventory on account on February 2 for $22,000. In addition to the cost of inventory, the company also pays $420 for freight charges associated with the purchase on the same day. Record the purchase of inventory on February 2, including the freight charges. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) 1. Record the purchase of inventory on account.
2. Record the payment of freight charges in cash.

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

Perform a goal seek analysis to find a packing weight that will bring the shipping weight of the retro fit clothing set down to 39.75 lbs. use cell i9 as the cell to set, 39.75 as the target value, and cell f5 as the changing cell. keep the values generated by the goal seek analysis as the value for cells f5, i9, and i10.

What are the advantages and disadvantages for an individual who accepts a job as a human resource manager in a firm that is in the midst of a retrenchment corporate strategy? a reactor business strategy?