Costco Wholesale Corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at locations across the U. S. as well as in Canada, the United Kingdom, Japan, Australia, South Korea, Taiwan, Mexico and Puerto Rico. As of its fiscal year-end 2008, Costco had approximately 53.5 million members. Selected fiscal-year information from the company's balance sheets follows. ($ thousands). Selected Balance Sheet Data 20092008
Merchandise inventories $5,039$4,879
Deferred membership income (liability) 748 692
(a) During fiscal 2008, Costco collected $1,562 cash for membership fees. Use the financial statement effects template to record the cash collected for membership fees.
(b) In 2008, Costco recorded $63,503 in merchandise costs (that is, cost of goods sold). Determine the value of merchandise that Costco purchased during fiscal-year 2008. Assume all of Costco's purchases are on credit. Record this transaction in the financial statement effects template

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool.

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.