Using the income statement for sentinel travel service shown in practice exercise 1-4b, prepare a statement of owner’s equity for the current year ended august 31, 2014. barb schroeder, the owner, invested an additional $36,000 in the business during the year and withdrew cash of $18,000 for personal use. barb schroeder, capital as of september 1, 2013, was $380,000.

Which are the best examples of costs that should be considered when creating a project budget?

Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false

The cook corporation has two divisions--east and west. the divisions have the following revenues and expenses: east west sales $ 603,000 $ 506,000 variable costs 231,000 300,000 traceable fixed costs 151,500 192,000 allocated common corporate costs 128,600 156,000 net operating income (loss) $ 91,900 $ (142,000 ) the management of cook is considering the elimination of the west division. if the west division were eliminated, its traceable fixed costs could be avoided. total common corporate costs would be unaffected by this decision. given these data, the elimination of the west division would result in an overall company net operating income (loss)