A completed worksheet for The King Group is given below.
The King Group
Worksheet
Month Ended December 31, 2019

Trial Balance Adjustments Adjusted Trial Income Balance Sheet
Balance Statement
Account Name Debit Credit Debit Credit Debit Credit Debit Credit Debit Credit Cash 93,000 93,000 93,000 Accounts-
Receivable 12,600 12,600 12,600 Supplies 7,200 (a)3,000 4,200 4,200
Prepaid-
Advertising 28,800 (b)3,600 25,200 25,200 Equipment 75,000 75,000 75,000 Accumulated-
Depreciation—
Equipment (c)3,000 3,000 3,000 Accounts-
Payable 12,600 12,600 12,600 Delva King,-
Capital 138,000 138,000 138,000 Delva King,-
Drawing 9,000 9,000 9,000
Fees Income 92,100 92,100 92,100
Supplies Expense (a)3,000 3,000 3,000
Advertising Expense (b)3,600 3,600 3,600
Depreciation-
Expense—
Equipment (c)3,000 3,000 3,000
Salaries-
Expense 15,000 15,000 15,000
Utilities-
Expense 2,100 2,100 2,100
Totals 242700 242700 9600 9,600 245700 245700 26700 92100 219,000 153,600
Net Income 65,400 65,400
92,100 92,100 219,000 219,000

Required:
Record the adjusting entries in the general journal transactions.

Island novelties, inc., of palau makes two products—hawaiian fantasy and tahitian joy. each product's selling price, variable expense per unit and annual sales volume are as follows:

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

What is the relationship among market segmentation, target markts, and consumer profiles?