Amber’s flower company was started in 2014 when it acquired $80,000 cash from the issue of common stock. the following data summarize the company’s first three years’ operating activities. assume that all transactions were cash transactions. 2014 2015 2016 purchases of inventory $ 40,000 $ 55,000 $ 95,000 sales 75,000 88,000 146,000 cost of goods sold 38,000 49,000 82,000 selling and administrative expenses 29,000 35,000 42,000 required prepare an income statement (use multistep format) and balance sheet for each fiscal year. (hint: record the transaction data for each accounting period in the accounting equation before preparing the statements for that year.)

Standardization is associated with which of the following management orientations? a) ethnocentric orientation b) polycentric orientation c) regiocentric orientation d) geocentric orientation

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

Which of the following situations is most likely to change a buyer's market into a seller's market? a. a natural disaster that drives away a lot of the population. b. the price of building materials suddenly going up. c. the government buys up a lot of houses to build a new freeway. d. a factory laying off a lot of workers in the area.