Scott quit a $30,000-a-year job with a local heating and air conditioning firm to go into business for himself.

Scott’s accounting profit is ___________.Answer Question 2Scott quit a $30,000-a-year job with a local heating and air conditioning firm to go into business for himself. After his first year in business, his accountant showed him an income statement, which indicated Scott’s firm had a profit of $40,000. During this year Scott had drawn a salary of $20,000.Scott’s entrepreneurial profit is ________________ .Answer Question 3Sarah’s Toy Factory manufactures dolls and has the following information: The average doll has a sales price of $18; raw materials for the doll are $4; production labor costs $8 per hour and it takes 30 minutes to assemble one doll. Operating expenses are as follows: salaries, $10,000 per month; insurance, $1,200 per quarter; rent, $3,000 per month; and utilities, $1,000 per month.The monthly fixed expenses are _______________. Answer Question 4Sarah’s Toy Factory manufactures dolls and has the following information: The average doll has a sales price of $18; raw materials for the doll are $4; production labor costs $8 per hour and it takes 30 minutes to assemble one doll. Operating expenses are as follows: salaries, $10,000 per month; insurance, $1,200 per quarter; rent, $3,000 per month; and utilities, $1,000 per month.The contribution margin for each doll is ___________ . Answer Question 5Sarah’s Toy Factory manufactures dolls and has the following information: The average doll has a sales price of $18; raw materials for the doll are $4; production labor costs $8 per hour and it takes 30 minutes to assemble one doll. Operating expenses are as follows: salaries, $10,000 per month; insurance, $1,200 per quarter; rent, $3,000 per month; and utilities, $1,000 per month.The number of dolls that must be sold each month in order to break even is ___________. (Round your answer to a whole number because you can’t sell part of a doll.)Answer Question 6Sarah’s Toy Factory manufactures dolls and has the following information: The average doll has a sales price of $18; raw materials for the doll are $4; production labor costs $8 per hour and it takes 30 minutes to assemble one doll. Operating expenses are as follows: salaries, $10,000 per month; insurance, $1,200 per quarter; rent, $3,000 per month; and utilities, $1,000 per month.The dollars in sales that the firm needs to break even is ____________ . (Round your answer to the nearest whole dollar.) Answer Question 7Sarah’s Toy Factory manufactures dolls and has the following information: The average doll has a sales price of $18; raw materials for the doll are $4; production labor costs $8 per hour and it takes 30 minutes to assemble one doll. Operating expenses are as follows: salaries, $10,000 per month; insurance, $1,200 per quarter; rent, $3,000 per month; and utilities, $1,000 per month.The firm’s goal is to make $100,000 profit per month. The number of dolls that must be sold to achieve that goal is _____________. (Round your answer to a whole number.) Answer Question 8James builds brick walls for custom homes. His annual sales are $300,000, and his net income is $18,000. He has assets of $100,000 invested in this business.The net profit margin for James is ____________.Answer Question 9James builds brick walls for custom homes. His annual sales are $300,000, and his net income is $18,000. He has assets of $100,000 invested in this business.The asset turnover for James is ___________ .Answer Question 10James builds brick walls for custom homes. His annual sales are $300,000, and his net income is $18,000. He has assets of $100,000 invested in this business. The return on investment for James is _____________ .Answer Question 11 Use the Income Statement for Ultimate Image Corporation (shown below) to answer questions 11 through 13.Ultimate Image CorporationIncome StatementFiscal Year Ended:Dec. 31, 2011Dec. 31, 2010Total revenue1,789,654703,904Cost of goods sold478,963275,963Gross profit1,310,691427,941Operating expenses65,98757,896Operating income1,244,704370,045Interest and taxes544,444289,635Net Income700,26080,410Earnings per Share$14.01$1.61(50,000 shares outstanding)The degree of operating leverage (DOL) is _______________ .Answer Question 12The degree of financial leverage (DFL) is _____________ . (Use the Income Statement for Ultimate Image Corp. found in question 7 to calculate your answer.) Answer Question 13 The degree of combined leverage (DCL) is _____________ . (Use the Income Statement for Ultimate Image Corp. found in question 7 to calculate your answer.) Answer

Give us your instructions.
Select the type of service you need: writing, calculations, or programming. We’ve created an intuitive order form that tells you what information to enter and where, so make sure to fill out each required field. Also, make your requirements as specific as possible. Don’t rush! Take your time and explain everything in detail how it works.

Proceed to checkout and enter your credit card details or PayPal login, how to pay. Follow the payment provider’s instructions to confirm the transaction.
Now your order is in our system! We’ll start processing it right away.