Robinson Corporation manufactures automobile parts. Account balances at the end of the year are: Manufacturing overhead allocated $1,400,000 Manufacturing overhead actual $1,495,000 What would be the correct journal entry to close out the overhead accounts assuming that the write-of to cost of goods sold approach is used? Debit Credit A) Cost of goods sold $95,000 Manufacturing overhead allocated $1,400,000 Manufacturing overhead actual $1,495,000 B) Manufacturing overhead actual $1,495,000 Finished goods $95,000 Manufacturing overhead allocated $1,400,000 C) Manufacturing overhead actual $1,495,000 Cost of goods sold $95,000 Manufacturing overhead allocated $1,400,000

1. the political environment in india has proven to be critical to company performance for both pepsico and coca-cola india. what specific aspects of the political environment have played key roles? could these effects have been anticipated prior to market entry? if not, could developments in the political arena have been handled better by each company? 2. timing of entry into the indian market brought different results for pepsico and coca-cola india. what benefits or disadvantages accrued as a result of earlier or later market entry? 3. the indian market is enormous in terms of population and geography. how have the two companies responded to the sheer scale of operations in india in terms of product policies, promotional activities, pricing policies, and distribution arrangements? 4. “global localization” (glocalization) is a policy that both companies have implemented successfully. give examples for each company from the case.

Eliza works for a consumer agency educating young people about advertisements. instead of teaching students to carefully read advertisement claims, she encourages them to develop a strong sense of self and to keep their life goals and dreams separate from commercial products. why might eliza's advice make sense?

Connors academy reported inventory in the 2017 year-end balance sheet, using the fifo method, as $154,000. in 2018, the company decided to change its inventory method to lifo. if the company had used the lifo method in 2017, the company estimates that ending inventory would have been in the range $130,000-$135,000. what adjustment would connors make for this change in inventory method?