The following is a partial trial balance for the green star corporation as of december 31, 2018:

credits

sales revenue $1,350,000
interest revenue $34,000
gain on sale of investments $54,000

debits

cost of goods sold $730,000
selling expenses $180,000
general and administrative expenses $79,000
interest expense $44,000
income tax expense $134,000
100,000 shares of common stock were outstanding throughout 2018.

required:

1. prepare a single-step income statement for 2018, including eps disclosures.
2. prepare a multiple-step income statement for 2018, including eps disclosures.

Which of the following is a characteristic that can be used to guide the design of service systems? a. services cannot be inventoried. b. services are all similar. c. quality work means quality service. d. services businesses are inherently entrepreneurial. e. even service businesses have internal services.

"jake’s roof repair has provided the following data concerning its costs: fixed cost per month cost per repair-hour wages and salaries $ 20,900 $ 15.00 parts and supplies $ 7.70 equipment depreciation $ 2,800 $ 0.35 truck operating expenses $ 5,720 $ 1.60 rent $ 4,690 administrative expenses $ 3,850 $ 0.50 for example, wages and salaries should be $20,900 plus $15.00 per repair-hour. the company expected to work 2,600 repair-hours in may, but actually worked 2,500 repair-hours. the company expects its sales to be $47.00 per repair-hour. required: compute the company’s activity variances for may."

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable