Marketing-mix modeling focuses on baseline sales or long term effects instead of incremental growth

Noninventory goods were purchased and delivered on June 15. Several security interests exist in these goods. Which of the following security interests has priority over the others?

A. Security interest in future goods attached June 10. B. Security interest attached June 15. C. Security interest perfected June 20. D. Purchase money security interest perfected June 24.

The Retained Earnings account has a credit balance of $17,000 before closing entries are made. If total revenues for the period are $55,200, total expenses are $39,800, and dividends are $9,000, what is the ending balance in the Retained Earnings account after all closing entries are made?

A) $23,400. B) $15,400. C) $32,400. D) $17,000. E) $32,400.