The following selected accounts were taken from the financial records of los olivos distributors at december 31, 2019. all accounts have normal balances. cash $ 33,340 accounts receivable 47,700 note receivable, due 2020 9,500 merchandise inventory 35,700 prepaid insurance 2,350 supplies 1,410 equipment 43,500 accumulated depreciation, equipment 23,500 note payable to bank, due 2020 35,000 accounts payable 13,050 interest payable 350 sales 535,000 sales discounts 3,200 cost of goods sold 348,540 accounts receivable at december 31, 2018, was $52,550. merchandise inventory at december 31, 2018, was $58,500. based on the account balances above, calculate the following: the gross profit percentage. working capital. the current ratio. the inventory turnover. the accounts receivable turnover. all sales were on credit.

What are the main advantages and disadvantages of organizing a firm as a c corporation? the advantages are: (select all the choices that apply.) a. there is no limit on the number of owners a c corporation may have, thus allowing the corporation to raise substantial amounts of capital. b. the life of the business can continue beyond the death of any of the owners. c. the corporation can use the assets of the owners to pay for corporate liabilities. this attracts smaller investors to the corporation. d. the liability of the owners is limited to the amount of their investment in the firm. the disadvantages are: (select all the choices that apply.) a. income to a c corporation is subject to double taxation, once at the corporate level and again when received by the owners in the form of a dividend. b. the life of the business usually ends with the death of any of the owners. c. the c corporation is more complicated and more expensive to set up than other business entities. d. corporate liabilities can be passed on to the share

Considered alone, which of the following would increase a company's current ratio? a. an increase in net fixed assets. b. an increase in accrued liabilities. c. an increase in notes payable. d. an increase in accounts receivable. e. an increase in accounts payable.

David consumes two things: gasoline (g) and bread (b). david's utility function is u(g, b) = 10g^0.25 b^0.75. use the lagrange technique to solve for david's optimal choices of gasoline and bread as a function of the price of gasoline, p_g, the price of bread, p_b, and his income m. with recent decrease in the price of gasoline (maybe due to external shock such as shale gas production) does david increase his consumption of gasoline? for david, how does partial differential g/partial differential p_g depend on his income m? that is, how does david's change in gasoline consumption due to an increase in the price of gasoline depend on his income level? to answer these questions, find the cross-partial derivative, |partial differential^2 g/partial differential m partial differential p_g.