1. Which of the following describes how a merchandise income statement is different from a service income statement?

1. The revenue from a merchandise business is reported as fees earned.
2. The program and production expenses are subtracted from gross profit to arrive at operating income.
3. Depreciation and amortization expenses are added to the cost of goods sold.
4. A merchandise business shows a gross profit line.

2) Which of the following statements is false?

1. The accounting equation is reflected in the balance sheet.
2. The balance sheet is classified to categorize the various items within the statement.
3. Classifying items help the user see where a company gets its resources.
4. Classifying items on a balance sheet helps show the company's earnings potential.

3)Which of the following statements is true?

1. The sale of goods and services results in expenses.
2. The costs of operating a company are called revenue.
3. A company must generate net income in order to be sustainable.
4. The income statement reports the financial position of a company at a specific point in time.

4) Which statement summarizes and explains the changes in retained earnings during the accounting period?

1. Balance Sheet
2. Income Statement
3. Retained Earnings Statement
4. Trial Balance

Discuss how the company could reduce the problem of customers terminating their pay-TV service after only three months.

What is the most useful source of information on customers generated by any company? Identify all the possible data available on that source.

What is the most useful source of information on customers generated by any company? Identify all the possible data available on that source.

​Other things held constant, which of the following actions would increase the amount of cash on a company's balance sheet?

Question 11 options:

. As businesses try to survive in the current crisis, Route 22 Honda sought to estimate the satisfaction score from 915 who have purchased a car or truck in 2019.  The company goal is to achieve an average satisfaction score of at least 80 on a scale of 0-100. A random sample of 80 customers had an average satisfaction score of 82.7 and a sample deviation of 6.7

a.       Construct a 95% confidence interval to estimate the actual average satisfaction score form customers in 2019.

b.      Based on this sample, can the manager conclude that Route 22 Honda reached its goal?

2.       2. The state of Florida wanted to estimate the proportion of voters who intend to vote in the presidential election.  A pilot sample of 50 voters found that 36 of them intend to vote in the election. Determine the additional number of voters that need to be sampled to construct a 95% interval with a margin of error equal to 0.05 to estimate the proportion.

3.      3. Apple claims that the average wait time for a customer calling Apple Care support line is 175 seconds.  A random sample of 40 customers had an average wait time of 187 seconds.  Assume the population standard deviation for wait time is 50 seconds

a.       Using a 95% confidence interval, does this sample support Apple’s claim?

alpha lumber co. has the following short-run total costs:
total explicit cost=$40,000
total implicit cost=$20,000
how profitable (economic profit, normal profit or economic loss) is the company in each of the following cases:
A. Total revenue=$65,000
B. Total revenue=$60,000
C. Total revenue=$55,000

journalze into T accounts, having trouble. ive already made them into a perpetual inventory system

Winters Hardware Store completed the following merchandising transactions in the month of May. At the beginning of May, Winters’ ledger showed Cash of $10,400 and Common Stock of $10,400.

The primary goal of a publicly-owned firm interested in serving its stockholders should be to