Bargain Buckets offers an unconditional return policy within…

Bargain Buckets offers an unconditional return policy within 60 days. It normally expects 8% of sales at retail selling prices to be returned before the return period expires. Assume Bargain Buckets records total sales of $12.0 million for the current period with associated Cost of Goods sold of $6,000,000. What amount of net sales should it record for this period?

An entrepreneur is considering the purchase of a coin-operat…

An entrepreneur is considering the purchase of a coin-operated laundry. The current owner claims that over the past 5 years, the mean daily revenue was $675 with a population standard deviation of $75. A sample of 30 days reveals a daily mean revenue of $625. If you were to test the null hypothesis that the daily mean revenue was $675, which test would you use?

As of December 31, 2018, Shrute Farms has outstanding 5,000…

As of December 31, 2018, Shrute Farms has outstanding 5,000 shares of $100 par value, 5% preferred stock,  25,000 shares of $1 par value common stock and $635,000 of retained earnings.  At year- end 2019, the company declares and paid the regular $5 per share cash dividend on preferred stock and  a $2.25 per share cash dividend on common stock.  Assuming the company made $75,000 for the 2019 fiscal year, what is the retained earnings balance after the dividend is paid?