Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companyâs planning budget for May appears below: Puget Sound Divers Planning Budget For the Month Ended May 31
Budgeted diving-hours (q) 250
Revenue ($440.00q) $110,000
Expenses:
Wages and salaries ($11,900 + $128.00q) 43,900
Supplies ($5.00q) 1,250
Equipment rental ($2,400 + $23.00q) 8,150
Insurance ($3,900) 3,900
Miscellaneous ($510 + $1.50q) 885
Total expense 58,085
Net operating income $51,915

During May, the companyâs actual activity was 240 diving-hours. Write down its flexible budget for that level of activity.

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

As more people migrated west during the gold rush, what do you think happened to the demand curve in most western markets, holding all else constant? a. there was no shift, nor any increase or decrease in quantity demanded. b. there was no shift, but there was a decrease in quantity demanded. c. the demand curve shifted to the left. d. the demand curve shifted to the right. e. there was no shift, but there was an increase in quantity demanded.

You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?