Nicole Mackisey is thinking of forming her own spa business, Nicole's Getaway Spa (NGS).Nicole expects that she and two family members will each contribute $10,000 to the business and receive 1,000 shares each. Nicole forecasts the following amounts for the first year of operations, ending December 31, 2015:Cash on hand and in the bank $2,150Amounts due from customers from spa treatments 1,780Building and equipment 70,000Amounts owed to beauty supply outlets for spa equipment 4,660Notes payable to a local bank 38,870Cash dividends 2,000Sales revenues 40,000Wages 24,000Supplies used up 7,000Office expenses 5,000Income taxes 1,600Required:1. Based on Nicole's estimates, prepare a forecast Income Statement for Nicole's Getaway Spa for the year ended December 31, 2015.2. Prepare a forecast Statement of Retained Earnings for Nicole's Getaway Spa for the year ended December 31, 2015.3. Prepare a forecast Balance Sheet for Nicole's Getaway Spa at December 31, 2015.4. As of December 31, 2015, would most of the financing for assets come from creditors or stockholders?

Which of the following best describes how the federal reserve bank banks during a bank run? a. the federal reserve bank regulates exchanges to prevent the demand for withdrawals from rising above the required reserve ratio. b. the federal reserve bank acts as an insurance company that pays customers if their bank fails. c. the federal reserve bank has the power to take over a private bank if customers demand too many withdrawals. d. the federal reserve bank can provide a short-term loan to banks to prevent them from running out of money. 2b2t

The following account balances at the beginning of january were selected from the general ledger of fresh bagel manufacturing​ company: work in process inventory ​$0 raw materials inventory $ 29 comma 000 finished goods inventory $ 40 comma 900 additional​ data: 1. actual manufacturing overhead for january amounted to $ 62 comma 600. 2. total direct labor cost for january was $ 63 comma 600. 3. the predetermined manufacturing overhead rate is based on direct labor cost. the budget for the year called for $ 255 comma 000 of direct labor cost and $ 382 comma 500 of manufacturing overhead costs. 4. the only job unfinished on january 31 was job no.​ 151, for which total direct labor charges were $ 5 comma 700 ​(1 comma 000 direct labor​ hours) and total direct material charges were $ 14 comma 400. 5. cost of direct materials placed in production during january totaled $ 123 comma 300. there were no indirect material requisitions during january. 6. january 31 balance in raw materials inventory was $ 35 comma 200. 7. finished goods inventory balance on january 31 was $ 35 comma 400. what is the cost of goods manufactured for​ january

Over the past decade, brands that were once available only to the wealthy have created more affordable product extensions, giving a far broader range of consumers a taste of the good life. jaguar, for instance, launched its x-type sedan, which starts at $30,000 and is meant for the "almost rich" consumer who aspires to live in luxury. by marketing to people who desire a luxurious lifestyle, jaguar is using: