Using the information presented below, prepare an income statement and the balance sheet from the adjusted trial balance of gin yang, culinary academy. gin yang, culinary academy adjusted trial balance december 31 cash $ 5,200 accounts receivable 1,100 prepaid insurance 1,200 office supplies 320 office equipment 3,000 accumulated depreciation–office equipment $ 1,800 buildings 75,000 accumulated depreciation–buildings 26,000 land 135,000 salaries payable 1,285 property taxes payable 3,200 interest payable 3,850 unearned tuition revenue 3,300 notes payable 85,000 gin yang, capital stock 35,000 gin yang, dividends 5,000 tuition revenue 92,855 salaries expense 13,000 utilities expense 1,400 property taxes expense 1,975 insurance expense 1,300 office supplies expense 325 depreciation expense–office equipment 1,120 depreciation expense–buildings 4,850 interest expense 2,500 $252,290 $252,290 totals required: use a spreadsheet to prepare the: income statement balance sheet

Label each scenario with the term that best describes it. use the midpoint method when applicable. marcel duchamp was a famous artist prior to his death, and was known for his dada artwork, including works such as "soft toilet". all of his original sculptures and paintings go on sale. paul owns a tim horton's, a famous donut and coffee franchise. he is willing to sell as many maple glazed donuts as customers want at a price of $1.00 each, but he refuses to sell any donuts for any price lower than $1.00 . the price of facial tissues rises from $2.85 per box to $3.15 . as a result, p& g increases production from 15 million boxes to 25 million boxes of facial tissue. with the school semester starting for both high school and college, papermate chooses to increase production of pens from 38 million to 42 million after global prices of writing instruments increase from $1.90 a package to $2.10 a package. bright ideas increases its production of lightbulbs by 15% after a 400% increase in the price of fluorescent bulbs.labels: elastic supply; perfectly inelastic supply; perfectly elastic supply; inelastic supply; unit-elastic supply.

Match the given situations to the type of risks that a business may face while taking credit. 1. beta ltd. had taken a loan from a bank for a period of 15 years, but its sales are gradually showing a decline. 2. alpha ltd. has taken a loan for increasing its production and sales, but it has not conducted any research before making this decision. 3. delphi ltd. has an overseas client. the economy of the client’s country is going through severe recession. 4. delphi ltd. has taken a short-term loan from the bank, but its supply chain logistics are not in place. a. foreign exchange risk b. operational risk c. term of loan risk d. revenue projections risk

True tomato inc. makes organic ketchup. to promote its products, this firm decided to make bottles in the shape of tomatoes. to accomplish this, true tomato worked with its bottle manufacture to create a set of unique molds for its bottles. which of the following specialized assets does this example demonstrate? (a) site specificity (b) research specificity (c) physical-asset specificity (d) human-asset specificity