Sanchez Company engaged in the following transactions during Year 1: Started the business by issuing $11,700 of common stock for cash. The company paid cash to purchase $7,200 of inventory. The company sold inventory that cost $4,600 for $9,150 cash. Operating expenses incurred and paid during the year, $4,100. Sanchez Company engaged in the following transactions during Year 2: The company paid cash to purchase $10,000 of inventory. The company sold inventory that cost $8,800 for $15,750 cash. Operating expenses incurred and paid during the year, $5,100. Note: Sanchez uses the perpetual inventory system. What is the amount of retained earnings as of December 31, Year 2? Question 8 options: $1,850. $2,300. $7,100. $11,000.

Asavings account that pays interest every 3 months is said to have a interest period

Henry crouch's law office has traditionally ordered ink refills 55 units at a time. the firm estimates that carrying cost is 35% of the $11 unit cost and that annual demand is about 240 units per year. the assumptions of the basic eoq model are thought to apply. for what value of ordering cost would its action be optimal? a) for what value of ordering cost would its action be optimal?

Verizon communications, inc., provides the following footnote relating to its leasing activities in its 10-k report. the aggregate minimum rental commitments under noncancelable leases for the periods shown at december 31, 2010, are as follows: years (dollars in millions) capital leases operatingleases 2011 $97 $1,898 2012 74 1,720 2013 70 1,471 2014 54 1,255 2015 42 1,012 thereafter 81 5,277 total minimum 418 $ 12,633 rental commitments less interest and (86) executory costs present value of 332 minimum lease payments less current (75) installments long-term obligation $257 at december 31, 2010 (a) confirm that verizon capitalized its capital leases using a rate of 7.4 %. (b) compute the present value of verizon's operating leases, assuming an 7.4% discount rate and rounding the remaining lease term to 3 decimal places. (use a financial calculator or excel to compute. do not round until your final answers. round each answer to the nearest whole number.)