The following selected transactions relate to liabilities of chicago glass corporation for 2016. chicago's fiscal year ends on december 31.
1.
on january 15, chicago received $7,600 from henry construction toward the purchase of $72,000 of plate glass to be delivered on february 6.
2.
on february 3, chicago received $7,300 of refundable deposits relating to containers used to transport glass components.
3.
on february 6, chicago delivered the plate glass to henry construction and received the balance of the purchase price.
4.
first quarter credit sales totaled $760,000. the state sales tax rate is 4% and the local sales tax rate is 2%.
required:
prepare journal entries for the above transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

Which of the following differentiates cost accounting and financial accounting? a. the primary users of cost accounting are the investors, whereas the primary users of financial accounting are the managers. b. cost accounting measures only the financial information related to the costs of acquiring fixed assets in an organization, whereas financial accounting measures financial and nonfinancial information of a company's business transactions. c. cost accounting measures information related to the costs of acquiring or using resources in an organization, whereas financial accounting measures a financial position of a company to investors, banks, and external parties. d. cost accounting deals with product design, production, and marketing strategies, whereas financial accounting deals mainly with pricing of the products.

Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same

With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals