Hull Company reported the following income statement information for the current year: Sales $ 419,000 Cost of goods sold: Beginning inventory $ 145,500 Cost of goods purchased 282,000 Cost of goods available for sale 427,500 Ending inventory 153,000 Cost of goods sold 274,500 Gross profit $ 144,500 The beginning inventory balance is correct. However, the ending inventory figure was overstated by $29,000. Given this information, the correct gross profit would be:

Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.

Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.

Atennis club charges a monthly membership fee of $150 and charges it members $10 per hour to use a court. there's also $500 fee to become a member. stella joined the tennis club last spring, and she has been a member for 5 months. she has been playing 10 hours of tennis each month. stella values an hour of her time at $20. during a boring afternoon meeting, stella thinks about reserving a court to work on her serve for an hour tonight. what's stella's opportunity cost of working on her serve for an hour?