Suppose the following items were taken from the balance sheet of nike, inc. 1. cash $2,291.1 7. inventory $2,357.0 2. accounts receivable 2,883.9 8. income taxes payable 86.3 3. common stock 2,874.2 9. equipment 1,957.7 4. notes payable 342.9 10. retained earnings 5,818.9 5. buildings 3,759.9 11. accounts payable 2,815.8 6. mortgage payable 1,311.5 (c) to what extent does nike rely on debt versus equity financing?

Amanda works as an industrial designer

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.

Data for hermann corporation are shown below: per unit percent of sales selling price $ 125 100 % variable expenses 80 64 contribution margin $ 45 36 % fixed expenses are $85,000 per month and the company is selling 2,700 units per month. required: 1-a. how much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,000 and monthly sales increase by $20,000? 1-b. should the advertising budget be increased?