Data for shelby company for the current year is as follows:
sales revenue $10,000
cost of goods sold:
beginning merchandise inventory $3,000
net cost of purchases 7,000
cost of goods available for sale 10,000
less: ending merchandise inventory 2,000
cost of goods sold 8,000
gross profit $2,000
assume that the ending merchandise inventory was accidentally understated by $300. what are the correct amounts for cost of goods sold and gross profit?

Neon light company of kansas city ships lamps and lighting appliances throughout the country. ms. neon has determined that through the establishment of local collection centers around the country, she can speed up the collection of payments by one and one-half days. furthermore, the cash management department of her bank has indicated to her that she can defer her payments on her accounts by one-half day without affecting suppliers. the bank has a remote disbursement center in florida. a. if neon light company has $2.90 million per day in collections and $1.18 million per day in disbursements, how many dollars will the cash management system free up?

Andy owns islander surfboard inc. in the past, andy has always given his employees bonuses during the holidays if they reached certain sales goals. this year, even though the company is thriving, he decided to cut bonuses from employees and award them to himself instead. what ethical theory of leadership is andy following?

Afamily wishes to save for future college expenses. which financial tool should the family invest in?