Morgan manufacturing recently sold goods that cost $35,000 for $45,000 cash. the journal entries to record this transaction would include:

a. a credit to work-in-process inventory for $35,000.
b. a debit to sales revenue for $45,000.
c. a credit to profit on sale for $10,000.
d. a debit to finished-goods inventory for $35,000.
e. a credit to sales revenue for $45,000.

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

Which two of the following are benefits of consumer programs