Johnson waterworks company provides plumbing services. the company is a sole proprietorship. transactions during the first year of operations are provided below. a) the owner, mitchell johnson, contributed $14,000 cash in exchange for capital b) paid $1,100 for equipment to be used for plumbing repairs. c) borrowed $14,000 from a local bank and deposited the money in the checking account. d) paid $600 in rent for the year. e) paid $300 for plumbing supplies to be used on various jobs next year. completed a plumbing repair for a law firm and received $3,400. calculate the amount of total assets at the end of the first year. assume the plumbing supplies of $300 are left at the end of the year. oa. $28,000 o b. $1,100 oc. $1,400 d. $30,800

What would be the input, conversion and output of developing a new soft drink

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P8-4b dropping unfavorable division based on the following analysis of last year's operations of groves, inc., a financial vice president of the company believes that the firm's total net income could be increased by $160,000 if its design division were discontinued. (amounts are given in the thousands of dollars.) required provide answers for each of the following independent situations: a. assuming that total fixed costs and expenses would not be affected by discontinuing the design division, prepare an analysis showing why you agree or disagree with the vice president. b. assume that the discontinuance of the design division will enable the company to avoid 30% of the fixed portion of cost of services and 40% of the fixed operating expenses allocated to the design division. calculate the resulting effect on net income. c. assume that in addition to the cost avoidance in requirement (b), the capacity released by discontinuance of the design division can be used to provide 6,000 new services that would have a variable cost per service of $60 and would require additional fixed costs totaling $68,000. at what unit price must the new service be sold if groves is to increase its total net income by $180,000?