Sanchez Company engaged in the following transactions during Year 1: Started the business by issuing $12,100 of common stock for cash. The company paid cash to purchase $7,400 of inventory. The company sold inventory that cost $4,800 for $9,650 cash. Operating expenses incurred and paid during the year, $4,300. Sanchez Company engaged in the following transactions during Year 2: The company paid cash to purchase $10,400 of inventory. The company sold inventory that cost $9,000 for $16,250 cash. Operating expenses incurred and paid during the year, $5,300. Note: Sanchez uses the perpetual inventory system. What is the amount of retained earnings as of December 31, Year 2

Which statement about the cost of the options is true? she would save $1,000 by choosing option b. she would save $5,650 by choosing option a. she would save $11,200 by choosing option b. she would save $11,300 by choosing option a.

Catherine de bourgh has one child, anne, who is 18 years old at the end of the year. anne lived at home for seven months during the year before leaving home to attend state university for the rest of the year. during the year, anne earned $6,000 while working part time. catherine provided 80 percent of anne's support and anne provided the rest. which of the following statements regarding whether anne is catherine's qualifying child for the current year is correct? a.anne is a qualifying child of catherine.b.anne is not a qualifying child of catherine because she fails the gross income test.c.anne is not a qualifying child of catherine because she fails the residence test.d.anne is not a qualifying child of catherine because she fails the support test.

Acompany that adapts its product mix to meet the needs of a new market is using which of the following global marketing strategies market development diversification strategy product development undiversified