Korey is planning to open a comic book store. his store will cost $12,500 to open and will come with a $8,000 total annual operational cost. if his store makes $12,000 in profit during the first year, and profits increase by 6% each year from then, how long will it take for korey to see an overall profit in his business (where total profits exceed total expenses)? 2007-15-01-00-00_files/i013.jpg

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

In the 1970s, kmart used blue light specials to encourage customers to flock to a particular department having a temporary sale. a spinning blue light activated for approximately 30 seconds, and then an in-store announcement informed shoppers of the special savings in the specific department. over time, loyal kmart shoppers learned to flock to the department with the spinning blue light before any announcement of special savings occurred. if kmart was employing classical conditioning techniques, what role did the spinning blue light play?

Randall's, inc. has 20,000 shares of stock outstanding with a par value of $1.00 per share. the market value is $12 per share. the balance sheet shows $42,000 in the capital in excess of par account, $20,000 in the common stock account, and $50,500 in the retained earnings account. the firm just announced a 5 percent (small) stock dividend. what will the balance in the retained earnings account be after the dividend?