For each of the following questions, indicate which financial statement would most likely be used to provide the information. use the following abbreviations: income statement (i), statement of retained earnings (r), balance sheet (b), and statement of cash flows (c). what were the company’s net sales for the year? what assets does the company have? how much cash was generated by operating activities? why did the company’s retained earnings change during the year? how much in total debt does the company have? how well did the company perform during the year? did the company declare a dividend during the year? how much cash did the company generate and spend during the year? what is the company’s financial position at the end of the year? lo 4

When consumers discard their gasoline-powered automobiles for electric-powered ones, this partially reflects the of gasoline?

Refers to the way we conduct ourselves

In the fall, jay thompson decided to live in a university dormitory. he signed a dorm contract under which he was obligated to pay the room rent for the full college year. one clause stated that if he moved out during the year, he could sell his dorm contract to another student who would move into the dormitory as his replacement. the dorm cost was $5000 for the two semesters, which jay had already paid a month after he moved into the dorm, he decided he would prefer to live in an apartment. that week, after some searching for a replacement to fulfill his dorm contract, jay had two offers. one student offered to move in immediately and to pay jay $300 per month for the eight remaining months of the school year. a second student offered to move in the second semester and pay $2500 to jay. jay estimates his food cost per month is $500 if he lives in the dorm and $450 if he lives in an apartment with three other students. his share of the apartment rent and utilities will be $404 per month. assume each semester is 4.5 months long. disregard the small differences in the timing of the disbursements or receipts. what is the cost of the cheapest alternative?