1. To confirm your understanding of the spreadsheet’s design, answer the following questions with respect to last year: a. How is the percentage in cell B3 calculated? Why do you think specifying the sales mix percentages for all products is important? b. How are the amounts in cells B7, B8, and B9 calculated? c. How are the amounts in cells Q7, Q8, and Q9 calculated? d. How is the amount in cell Q11 calculated? e. How are the percentages in cells R8 and R9 calculated? f. How is the amount in cell S9 calculated?

Acompany using the perpetual inventory system purchased inventory worth $540,000 on account with credit terms of 2/15, n/45. defective inventory of $40,000 was returned 2 days later, and the accounts were appropriately adjusted. if the company paid the invoice 20 days later, the journal entry to record the payment would be

Google started as one of many internet search engines, amazon started as an online book seller, and ebay began as a site where people could sell used personal items in auctions. these firms have grown to be so large and dominant that they are facing antitrust scrutiny from competition regulators in the us and elsewhere. did these online giants grow by fairly beating competition, or did they use unfair advantages? are there any clouds on the horizon for these firms -- could they face diseconomies of scale or diseconomies of scope as they continue to grow? if so, what factors may limit their continued growth?

Large public water and sewer companies often become monopolies because they benefit from although the company faces high start-up costs, the firm experiences average production costs as it expands and adds more customers. smaller competitors would experience average costs and would be less