The income statement for the month of june, 2015 of camera obscura enterprises contains the following information: revenues $7,000 expenses: salaries and wages expense $3,000 rent expense 1,500 advertising expense 800 supplies expense 300 insurance expense 100 total expenses 5,700 net income $1,300 the entry to close the expense accounts includes a a. debit to salaries and wages expense for $3,000. b. credit to rent expense for $1,500. c. credit to income summary for $5,700. d. debit to income summary for $1,300.

Which change is illustrated by the shift taking place on this graph? an increase in demanda decrease in demandan increase in supplya decrease in supply

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting

Bcorporation, a merchandising company, reported the following results for october: sales $ 490,000 cost of goods sold (all variable) $ 169,700 total variable selling expense $ 24,200 total fixed selling expense $ 21,700 total variable administrative expense $ 13,200 total fixed administrative expense $ 33,600 the contribution margin for october is: