On January 1, 2020, Oriole Company had inventory of $53,500. At December 31, 2020, Oriole had the following account balances.

Freight-in $5,000
Purchases 509,000
Purchase discounts 7,700
Purchase returns and allowances 3,500
Sales revenue 809,000
Sales discounts 5,900
Sales returns and allowances 11,500

At December 31, 2020, Oriole determines that its ending inventory is $63,500.

a. Compute Christel Madan’s 2020 gross profit.
b. Compute Christel Madan’s 2020 operating expenses if net income is $142,000 and there are no nonoperating activities.

Which stage of group development involves members introducing themselves to each other?

Sanibel autos inc. merged with its competitor vroom autos inc. this allowed sanibel autos to use its technological competencies along with vroom autos' marketing capabilities to capture a larger market share than what the two entities individually held. what type of integration does this scenario best illustrate? a. vertical b. technological c. horizontal d. perfect

On january 8, the end of the first weekly pay period of the year, regis company's payroll register showed that its employees earned $22,760 of office salaries and $70,840 of sales salaries. withholdings from the employees' salaries include fica social security taxes at the rate of 6.20%, fica medicare taxes at the rate of 1.45%, $13,260 of federal income taxes, $1,450 of medical insurance deductions, and $860 of union dues. no employee earned more than $7,000 in this first pay period. required: 1.1 calculate below the amounts for each of these four taxes of regis company. regis’s merit rating reduces its state unemployment tax rate to 3% of the first $7,000 paid to each employee. the federal unemployment tax rate is 0.60