If one of the choices are recession that is what I'd choose. But you didn't put choices...Hope I helped ;)
Answer and Explanation:
Answer and explanation attached
Answer:
First recognize which are expenses and incomes:
Salaries and wages expenses (E)
Supplies Expense (E)
Service revenue (E)
Rent revenue (E)
Depreciation expense (E)
Income statement:
Sales
Service Revenue 67,700
Rent revenue 9,700
Costs
Sales and wages (59,100)
Gross Margin 18,300
Operating expenses
Supplies (16,800)
Depreciation (4,000)
Operating Income (2,500)
Income before Tax (2,500)
Income Tax (875)
Answer: B
Explanation: consumers buy product to maximize SATISFACTION and not for profit motive. They are expected to buy at the point where price of commodity = marginal utility of the commodity I.e PX = MUx
Answer:
Reporting results
Explanation:
Here reports involve various things like
1. Which of the trucks were parked as on June 30, 2011 at night
2. Figure out the ownership whether it is with the regional delivery service or not
3. Figure out the physical condition of the truck as per the guidelines prescribed
4. Analyze and evaluate the blue book for find out the fair value as per the blue book
These four things should be involved