Consider the following information: Rent Revenue: $5,000
Rent Receivable: $2,000
Interest Revenue: $2,000
Interest Receivable: $1,000
Rent Expense: $4,000
Insurance Expense: $1,200
Insurance Payable: $1,200
Salaries Expense: $3,000
Salaries Payable: $500
Which of the following states the amount of net profit or loss for this company?
a) Net Loss of $2,900.
b) Net Profit of $100.
c) Net Profit of $1,200.
d) Net Loss of $1,200.

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

Norton manufacturing expects to produce 2,900 units in january and 3,600 units in february. norton budgets $20 per unit for direct materials. indirect materials are insignificant and not considered for budgeting purposes. the balance in the raw materials inventory account (all direct materials) on january 1 is $38,650. norton desires the ending balance in raw materials inventory to be 10% of the next month's direct materials needed for production. desired ending balance for february is $51,100. what is the cost of budgeted purchases of direct materials needed for january? $58,000 $65,200 $26,550 $25,150

Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance