Sanchez Company engaged in the following transactions during Year 1: Started the business by issuing $11,700 of common stock for cash. The company paid cash to purchase $7,200 of inventory. The company sold inventory that cost $4,600 for $9,150 cash. Operating expenses incurred and paid during the year, $4,100. Sanchez Company engaged in the following transactions during Year 2: The company paid cash to purchase $10,000 of inventory. The company sold inventory that cost $8,800 for $15,750 cash. Operating expenses incurred and paid during the year, $5,100. Note: Sanchez uses the perpetual inventory system. What is the amount of retained earnings as of December 31, Year 2? Question 8 options: $1,850. $2,300. $7,100. $11,000.

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100

Upon completion of the northwest-corner rule, which source-destination cell is guaranteed to be occupied? a. top-leftb. the cell with the lowest shipping costc. bottom-leftd. top-righte. bottom-right

How an absolute advantage might affect a country's imports and exports?