Artemis inc. began the year with $260,000 inventory at cost which had a retail value of $396,000. during the year purchases were made at a cost of $1,370,000 which would be $2,200,000 retail and the freight-in on these purchases totaled $86,000. sales during the current year totaled $2,000,000 with net markups of $48,000 and markdowns of $72,000.
what is the ending inventory value at cost under the conventional retail method?
a. $371,228.
b. $378,092.
c. $386,804.
d. $572,000.

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.

According to this excerpt, a key part of our national security strategy is

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)