Marwick’s pianos, inc., purchases pianos from a large manufacturer for an average cost of $1,503 per unit and then sells them to retail customers for an average price of $3,400 each. the company’s selling and administrative costs for a typical month are presented below: costs cost formula selling: advertising $ 952 per month sales salaries and commissions $ 4,816 per month, plus 3% of sales delivery of pianos to customers $ 63 per piano sold utilities $ 665 per month depreciation of sales facilities $ 5,003 per month administrative: executive salaries $ 13,501 per month insurance $ 719 per month clerical $ 2,535 per month, plus $35 per piano sold depreciation of office equipment $ 904 per month during august, marwick’s pianos, inc., sold and delivered 60 pianos.
required:
1. prepare a traditional format income statement for august.
2. prepare a contribution format income statement for august. show costs and revenues on both a total and a per unit basis down through contribution margin.

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

Based on the supply and demand theory, why do medical doctors earn higher wages than child-care workers?

Complete the sentences. upper a decrease in current income taxes the supply of loanable funds today because it a. decreases; increases disposable income, which decreases saving b. has no effect on; doesn't change expected future disposable income c. decreases; decreases expected future disposable income d. increases; increases disposable income, which encourages greater saving upper a decrease in expected future income a. increases the supply of loanable funds today because households with smaller expected future income will save more today b. has no effect on the supply of loanable funds c. decreases the supply of loanable funds because it decreases wealth d. decreases the supply of loanable funds today because households with smaller expected future income will save less today