Adcock Company paid $6,600 cash to rent office space for a one-year period beginning on August 1, 2016. On December 31, 2016, Adcock Company adjusted its accounting records to reflect the months that it had used. Use the horizontal model to determine which of the following statements is correct after recording both of these transactions. a. Total assets decreases by $6,600.b. Net income decreases by $6,600.c. Retained earnings decreases by $2,750 after the temporary account balances are closed. d. Cash flow from operating activities decreases by $2,750.

"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."