The following selected transactions relate to liabilities of chicago glass corporation for 2016. chicago's fiscal year ends on december 31.
1.
on january 15, chicago received $7,600 from henry construction toward the purchase of $72,000 of plate glass to be delivered on february 6.
2.
on february 3, chicago received $7,300 of refundable deposits relating to containers used to transport glass components.
3.
on february 6, chicago delivered the plate glass to henry construction and received the balance of the purchase price.
4.
first quarter credit sales totaled $760,000. the state sales tax rate is 4% and the local sales tax rate is 2%.
required:
prepare journal entries for the above transactions. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)

After successfully completing your corporate finance class, you feel the next challenge ahead is to serve on the board of directors of schenkel enterprises. unfortunately, you will be the only person voting for you. the company has 375,000 shares outstanding, and the stock currently sells for $40, if there are four seats in the current election, how much will it cost you to buy a seat?

Costco wholesale corporation operates membership warehouses selling food, appliances, consumer electronics, apparel and other household goods at 471 locations across the u.s. as well as in canada, mexico and puerto rico. as of its fiscal year-end 2005, costco had approximately 21.2 million members. selected fiscal-year information from the company's balance sheets follows. ($ millions). selected balance sheet data 2005 2004 merchandise inventories $4,015 $3,644 deferred membership income (liability) 501 454 (a) during fiscal 2005, costco collected $1,120 cash for membership fees. use the financial statement effectstemplate to record the cash collected for membership fees. (b) in 2005, costco recorded $46,347 million in merchandise costs (that is, cost of goods sold). record thistransaction in the financial statement effects template. (c) determine the value of merchandise that costco purchased during fiscal-year 2005. use the financial statementeffects template to record these merchandise purchases. assume all of costco's purchases are on credit.

Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration