Here are incomplete financial statements for Donavan, Inc. Calculate the missing amounts. DONAVAN, INC.
Balance Sheet

Assets

Cash
$ 14,100

Inventory
17,100

Buildings
37,900

Total assets

$69,100

Liabilities and Stockholders' Equity

Liabilities

Accounts payable
$ 5,200

Stockholders' Equity

Common stock
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(a)
Retained earnings
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(b)
Total liabilities and stockholders' equity

$69,100

DONAVAN, INC.
Income Statement

Revenues

$85,800

Cost of goods sold
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(c)
Salaries and wages expense
10,400

Net Income

$
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(d)
DONAVAN, INC.
Retained Earnings Statement

Beginning retained earnings
$19,100

Add: Net income

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(e)
Less: Dividends

4,710

Ending retained earnings
$34,100

Afinancial institution, the thriftem bank, is in the process of formulating its loan policy for the next quarter. a total of $12 million is allocated for that purpose. being a full-service facility, the bank is obligated to grant loans to different clientele. the following table provides the types of loans, the interest rate charged by the bank, and the possibility of bad debt as estimated from past experience. type of loaninterest rateprobability of bad debtpersonal.140.10car.130.07home.1 20.03farm.125.05commercial.100.02 bad debts are assumed unrecoverable and hence produce no interest revenue either. competition with other financial institutions in the area requires that the bank allocate at least 40% of the total funds to farm and commercial loans. to assist the housing industry in the region, home loans must equal at least 50% of the personal, car, and home loans. the bank also has a stated policy specifying that the overall ratio for bad debts on all loans may not exceed .04. formulate this problem as a linear program. define your variables clearly and write all the constraints explaining the significance of each.

Costs of production that do not change when output changes. question 17 options: total revenuefixed incometotal costfixed cost

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.