Bank reconciliation refers to looking at your bank statement and your personal register and making sure they match up with no discrepancies. In this case, there were discrepancies, $150 worth so John had to look and see what was missing and making sure they both equaled the same amount. From the numbers given, John's bank account was reconciled $150.
Consumer surplus is the difference between the maximum
amount the consumer is willing to pay for the price of the good and the price
that was actually paid by the consumer or commonly known as the current market
price. The price that the consumer is willing to pay is determined by the
demand curve in the market.
An hypothesis is set to address a problem, value hypothesis should promote things like product features, pricing, customer feedback.
<h3>What is customer feedback?</h3>
Customer feedback are review of a product or service that is rendered or purchase by a customer.
It gives a clue of satisfaction derived from the product.
Therefore, value hypothesis should promote things like product features, pricing, customer feedback.
Learn more on customer feedback here
brainly.com/question/1286522
Answer:
The operating income will increase by $13,000.
Explanation:
Giving the following information:
Sales revenue
Total= $490,000
Luxury= $360,000
Sporty= $130,000
Variable expenses:
Total= $355,000
Luxury= $235,000
Sporty= $120,000
Contribution margin
Total= $135,000
Luxury= $125,000
Sporty= $10,000
Fixed expenses:
Total= $78,000
Luxury= $39,000
Sporty= $39,000
Operating income (loss):
Total= $57,000
Luxury= $86,000
Sporty= $(29,000)
New Income Statement:
Sales= 360,000
Variable costs= 235,000 (-)
Contribution margin= 125,000
Fixed costs= 39,000 + 16,000= 55,000
Operating income= 70,000
The operating income will increase by $13,000.