Tian Company has provided the following information:

Cash sales, $450,000
Credit sales, $1,350,000
Selling and administrative expenses, $330,000
Sales returns and allowances, $90,000
Gross profit, $1,360,000
Increase in accounts receivable, $55,000
Bad debt expense, $33,000
Sales discounts, $43,000
Net income, $1,030,000

How much are Tian's net sales?

A. $307,000.
B. $252,000.
C. $440,000.
D. $340,000.

Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?

Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget. the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead. a total of 119,300 units, using 478,000 direct labor hours, were produced during the year. actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.

Investors who put their own money into a startup are known as a. mannequins b. obligators c. angels d. borrowers