These financial statement items are for Cullumber Company at year-end, July 31, 2022.

Salaries and wages payable $ 3,900

Salaries and wages expense 59,100

Supplies expense 16,800

Equipment 17,000

Accounts payable 4,100

Service revenue 67,700

Rent revenue 9,700

Notes payable (due in 2025) 3,300

Common stock 16,000

Cash 35,100

Accounts receivable 11,300

Accumulated depreciation—equipment 7,600

Dividends 4,000

Depreciation expense 4,000

Retained earnings (beginning of the year) 35,000

a. Prepare an income statement for the year. Vaughn Manufacturing did not issue any new stock during the year.

If delta airlines were to significantly change its fare structure and flight schedule to enhance its competitive position in response to aggressive price cutting by southwest airlines, this would be an example ofanswers: explicit collusion.tacit collusion.competitive dynamics.a harvest strategy.

The amberssen specialty company is a chain of twelve retail stores that sell a variety of imported gift items, gourmet chocolates, cheeses, and wines in the toronto area. amberssen has an is staff of three people who have created a simple but effective information system of networked point-of-sale registers at the stores and a centralized accounting system at the company head- quarters. harry hilman, the head of amberssens is group, has just received the following memo from bill amberssen, sales director (and son of amberssen’s founder). harry—it’s time amberssen specialty launched itself on the internet. many of our competitors are already there, selling to customers without the expense of a retail storefront, and we should be there too. i project that we could double or triple our annual revenues by selling our products on the internet. i’d like to have this ready by - giving, in time for the prime holiday gift-shopping season. bill after pondering this memo for several days, harry scheduled a meeting with bill so that he could clarify bill’s vision of this venture. using the standard con- tent of a system request as your guide, prepare a list of questions that harry needs to have answered about this project.

If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?