The following items are taken from the financial statements of the bonita service for the year ending december 31, 2018: accounts payable $ 17700 accounts receivable 10700 accumulated depreciation – equipment 28000 advertising expense 21300 cash 15100 common stock 41300 dividends 14200 depreciation expense 12200 insurance expense 2900 note payable, due 6/30/19 70700 prepaid insurance (12-month policy) 5800 rent expense 17200 retained earnings (1/1/18) 57500 salaries and wages expense 31400 service revenue 135700 supplies 4000 supplies expense 6100 equipment 21 what is the amount that would be reported for stockholders’ equity at december 31, 2018?

Aprice ceiling is “binding” if the price ceiling is set below the equilibrium price. suppose that the equilibrium price is $5. if a price ceiling is set at $6, this will not affect the market in any way since $5 remains a legally allowable price (since $5 < $6). a price ceiling of $6 is called a “non-binding” price ceiling. on the other hand, if the price ceiling is set at $4, the price ceiling is “binding” because the natural equilibrium price is $5 but that is no longer allowed. what happens when there is a binding price ceiling? at a price below the equilibrium price, quantity demanded exceeds quantity supplied. there is a shortage. normally, price increases eliminate shortages by increasing quantity supplied and decreasing quantity demanded. in this case, however, price increases are not allowed past the price ceiling. we therefore predict that the observed market price will be right at the price ceiling and there will be a permanent shortage. the observed quantity bought and sold will be dictated by the quantity supplied at the price ceiling. although consumers would like to buy more, there are no more units for sale

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $

Communication comes in various forms. which of the following is considered an old form of communication? a) e-mail b) letter c) skype d) texting