Barker Pet supply uses the conventional retail method to determine its ending inventory at cost. Assume the beginning inventory at cost and retail price were $796,800 and $980,700 respectively, purchases during the current year at cost and retail price were $3,205,800 and $4,158,300 respectively, freight-in on these purchases totaled $191,700, sales during the current year totaled $4,056,000, and net markups and markdowns were $6,000 and $288,900 respectively. Compute the ending inventory under conventional retail inventory method.

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

Jennifer purchased a house in a brand new development in the outskirts of town. when her house was built, the nearest fire department was nearly 20 miles away. as her neighborhood developed, the density of the community called for a new fire department 1.5 miles away. what effect will the new fire station have on her homeowners insurance premium? a. a new fire department will be more demanding on local taxes. her annual premium will go up. b. the location of a fire department has no bearing on the value of her house. her annual premium will stay the same. c. the new fire department will reduce the risk of financial loss in her home. her annual premium should decrease. d. with a fire department so close (less than 5 miles), financial risk on jennifer’s home practically disappears. she will not need to pay insurance anymore.

Cash flow is often a problem for small businesses. how can an entrepreneur increase cash flow? a) locate lower-priced suppliers. b) forego sending in estimated tax payments to the irs c) shorten the terms on a bank loan to pay it off more quickly d) sell more low-margin items.