Which best describes the difference between a checking statement and a checking agreement?
a. A statement shows you all of the deposits and withdrawals from your account, and an
O agreement shows you the terms of the account, such as fee structure and minimum
requirements
b. A statement shows you the terms of the account, such as fee structure and minimum
requirements, and an agreement shows you all of the deposits and withdrawals from
your account
c. A statement can be downloaded from your online banking account, while an
agreement must be obtained in person at a bank branch
d. A statement must be obtained in person at a bank branch, while an agreement can be
downloaded from your online banking account

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor. required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)