An electronics firm is currently manufacturing an item that has a variable cost of $ 0.45 per unit and a selling price of $ 7.45 per unit. fixed costs are $ 15 comma 000. current volume is 30 comma 000 units. the firm can substantially improve the product quality by adding a new piece of equipment at an additional fixed cost of $ 5 comma 600. variable cost would increase to $ 0.60 and the selling price would be revised to $ 7.55 with the expectation that the volume would be 50 comma 000 units as a result of a higher-quality product.

Bayside began 2014 with an inventory t-account debit balance of $155,000. inventory purchases during the year amounted to $75,000. there were no inventory-related write-downs or losses. what is its december 31, 2014, inventory account balance?

When cell phones were first entering the market, they were relatively large and reception was undependable. all cell phones were essentially the same. but as the technology developed, many competitors entered, introducing features unique to their phones. today, cell phones are only a small fraction of the size and weight of their predecessors. consumers can buy cell phones with color screens, cameras, internet access, daily planners, or voice activation (and any combination of these features). the history of the cell phone demonstrates what marketing trend?

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?