Account current year prior year current assets $76,200 $60,000 a/r $59,400 $44,000 mdse. inventory $51,200 $40,000 current liabilities $82,500 $55,000 longminusterm liabilities $38,000 $30,000 common stock (5,000 shares) $47,880 $42,000 retained earnings $18,420 $17,000 net sales revenue $618,000 $515,000 cogs $478,140 $385,000 gross profit $139,860 $130,000 selling/general expenses $47,860 $50,000 net income before taxes $92,000 $80,000 income tax expense $23,000 $20,000 net income $69,000 $60,000 with respect to selling/general expenses, what would a horizontal analysis report? a. there was a 4.28% decrease from prior to current year. b. there was a 4.28% increase from prior to current year. c. the current ratio is 0.44. d. selling/general expenses are 108.27% of net sales revenue.

Betty contracted with scooby’s skate store to deliver a pair of skates to jake for his birthday. scooby’s owner was going on a trip and delegated the delivery of the skates to brian. brian failed to make delivery.can jake sue brian for breach of contract, as he was not a party to the original contract? explain your answer. brian was not a party to the original contract. why would a court hold him responsible for failing to make delivery? if you do not think a court would hold him responsible, explain your answer. can jake sue scooby’s skates for breach of contract? explain your answer.

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?

Adecision is made at the margin when each alternative considers