Kelfour enterprises has divided its operations into two divisions. relevant accounting data for each division is as follows
divisions sales operating assets operating income
western division $150,000 $100,000 15,000
eastern division $300,000 150,000 16,500
based on this information
multiple choice
the eastern division is outperforming the western division because it has more operating income.
the eastern division is outperforming the western division because it has more operating assets.
the eastern division is outperforming the western division because it has more sales revenue.
none of the answers is correct.

Richardson hired j.c. flood company, a plumbing contractor, to correct a stoppage in the sewer line of her house. the plumbing company's 'snake' device, used to clear the line leading to the main sewer, became caught in the underground line. to release it, the company excavated a portion of the sewer line in richardson's backyard. in the process, the company discovered numerous leaks in a rusty, defective water pipe that ran parallel with the sewer line. to meet public regulations, the water pipe, of a type no longer approved for such service, had to be replaced either then or later, when the yard would have to be excavated again. the plumbing company proceeded to repair the water pipe. though richardson inspected the company's work daily and did not express any objection to the extra work involved in replacing the water pipe, she refused to pay any part of the total bill after the company completed the entire operation. j.c. flood company then sued richardson for the costs of labor and material it had furnished. (c) for what, if anything, should richardson be liable? explain."

At the end of year 2, retained earnings for the baker company was $3,550. revenue earned by the company in year 2 was $3,800, expenses paid during the period were $2,000, and dividends paid during the period were $1,400. based on this information alone, retained earnings at the beginning of year 2 was:

Why is efficiency an important economic goal?