Question 1:
This business was founded to provide temporary housing for some of those homeless kids. The money collected by the people who run it supports the program.

Not-for-profit
For-profit
Question 2:
This business was founded to sell textbooks to schools. The books are free to the students. When the company takes in more money than it has spent, that extra money is paid out to the people who own the company.

Not-for-profit
For-profit
Question 3:
This business is owned by doctors who provide free physical exams to people who cannot afford insurance. The business collects money from the government for each physical they provide. If they collect more money than they need to pay the bills and expenses, the excess cash goes to the doctors.

Not-for-profit
For-profit
Question 4:
This organization collects leftover food from restaurants and volunteers deliver the food to people who need it. This company receives money from the state to provide this service. If there is leftover money after paying all expenses, that money is used to improve the way food is delivered and on other things that help the business accomplish its goals.

Not-for-profit

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

The gilbert instrument corporation is considering replacing the wood steamer it currently uses to shape guitar sides. the steamer has 6 years of remaining life. if kept, the steamer will have depreciaiton expenses of $650 for five years and $325 for the sixthyear. its current book value is $3,575, and it can be sold on an internet auction site for$4,150 at this time. if the old steamer is not replaced, it can be sold for $800 at the endof its useful life. gilbert is considering purchasing the side steamer 3000, a higher-end steamer, whichcosts $12,000 and has an estimated useful life of 6 years with an estimated salvage value of$1,500. this steamer falls into the macrs 5-year class, so the applicable depreciationrates are 20.00%, 32.00%, 19.20%, 11.52%, 11.52%, and 5.76%. the new steamer is fasterand allows for an output expansion, so sales would rise by $2,000 per year; the newmachine's much greater efficiency would reduce operating expenses by $1,900 per year. to support the greater sales, the new machine would require that inventories increase by$2,900, but accounts payable would simultaneously increase by $700. gilbert's marginalfederal-plus-state tax rate is 40%, and its wacc is 15%.a. should it replace the old steamer? b. npv of replace = $2,083.51

Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.