Hector Company reports the following: July August September Sales $ 23,000 $ 31,000 $ 35,000 Purchases 13,800 18,600 23,000 Payments for purchases are made in the month after purchase. Selling expenses are 15% of sales, administrative expenses are 10% of sales, and both are paid in the month of sale. Rent expense of $2,500 is paid monthly. Depreciation expense is $1,600 per month. Prepare a schedule of budgeted cash payments for August and September.

Will you use single-entry bookkeeping or double-entry bookkeeping? explain why.

Need with my trade theory homework. i doubt what i wrote was right.consider a monopolistically competitive market for soft drinks in which n symmetric firms face the following demand function: q=s(1/n-b(p-(p with the straight line on which implies the marginal revenue functionmr=p-(q/sb)finally, suppose firms face the total cost functiontc=900,000+100qsuppose the market size, s, is 27,000,000, and the elasticity parameter b is 0.003.diagram the price and the average total cost in the market as a function of the number of firms. what are the equations for each curve, and why does each curve slope up or down? label the equilibrium number of firms and the equilibrium price in the diagram. why is this the equilibrium?

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?