High step shoes had annual revenues of $187,000, expenses of $104,700, and dividends of $18,800 during the current year. the retained earnings account before closing had a balance of $299,000. the entry to close the income summary account at the end of the year, after revenue and expense accounts have been closed, is:

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

Why might a business based on a fad be a good idea? question 2 options: fads bring in the most customers. some fads are longer lasting than expected. fads have made some business owners incredibly wealthy. fads can take a business in a new direction.

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