Requlred: Calculate the increase or decrease in the operating income in both alternatives.

Prepare a schedule showing the change in revenues and expenses and the impact on the company’s overall net operating income that would result if the North Store were closed.   Assuming that the store space can’t be subleased, what recommendation would you make to the management of Superior Markets, Inc.?   Disregard requirement 2. Assume that if the North Store were closed, at least one-fourth of its sales would transfer to the East Store, due to strong customer loyalty to Superior Markets. The East Store has enough capacity to handle the increased sales. You may assume that the increased sales in the East Store would yield the same gross margin as a percentage of sales as present sales in that store. What effect would these factors have on your recommendation concerning the North Store? Show all computations to support your answer.

Assume that the ending inventory of a merchandising firm is overstated by $40,000. a. By how much and in what direction (overstated or understated) will the firms cost of goods be misstated? b. If this error is not corrected, what effect will it have on the subsequent period's operating income? c. If this error is not corrected, what effect will it have on the total operating income of the two periods (the period in which there is an error and the subsequent period) combined?

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My text book is  Hospitality Industry Financial Accounting (4th edition). I am in chapter 10 -- INVENTORY now.  Problem 10 asks me to do two following works: Indicate the effects of the following errors on cost of goods sold and net income. 1. Beginning inventory is understated by $10,000. 2. Ending inventory is overstated by $25,000. 3. Beginning inventory is overstated by $30,000 and ending inventory is understated by $10,000. 4. Ending inventory is understated by $5,000 and beginning inventory is understated by $5,000

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Journal entries for recording revenue and costs for service provider. For a traditional inventory-carrying companies, recording journal entries for revenue and costs is something like the following: Dr. Cash  $100    Cr. Revenue  $100 Dr. Cost of goods sold  $50   Cr. Inventory  $50 How does the journal entry work for service companies such as SaaS firms that do not carry inventory?