Roth Service Co. experienced the following transactions for Year 1, its first year of operations: Provided $110,000 of services on account. Collected $89,000 cash from accounts receivable. Paid $41,000 of salaries expense for the year. Roth adjusted the accounts using the following information from an accounts receivable aging schedule: Number of Days Past DueAmountPercent Likely to Be Uncollectible Allowance Balance Current$9,500 0.01 0-30 4,000 0.05 31-60 2,500 0.10 61-90 2,000 0.30 Over 90 days 3,000 0.50 Required Organize the transaction data in accounts under an accounting equation. Prepare an income statement for Roth Service Co. for Year 1. What is the net realizable value of the accounts receivable at December 31, Year 1

Should the government be downsized? which functions should be cut back? which ones should be expanded?

Maker-bot corporation has 10,000 shares of 10%, $90 par value, cumulative preferred stock outstanding since its inception. no dividends were declared in the first two years. if the company pays $400,000 of dividends in the third year, how much will common stockholders receive?

At a student café, there are equal numbers of two types of customers with the following values. the café owner cannot distinguish between the two types of students because many students without early classes arrive early anyway (i.e., she cannot price-discriminate). students with early classes students without early classes coffee 70 60 banana 51 101 the marginal cost of coffee is 10 and the marginal cost of a banana is 40. the café owner is considering three pricing strategies: 1. mixed bundling: price bundle of coffee and a banana for 161, or just a coffee for 70. 2. price separately: offer coffee at 60, price a banana at 101. 3. bundle only: coffee and a banana for 121. do not offer goods separately. assume that if the price of an item or bundle is no more than exactly equal to a student's willingness to pay, then the student will purchase the item or bundle. for simplicity, assume there is just one student with an early class, and one student without an early class. price strategy revenue from pricing strategy cost from pricing strategy profit from pricing strategy 1. mixed bundling $ $ $ 2. price separately $ $ $ 3. bundle only $ $ $ pricing strategy yields the highest profit for the café owner.