All its landscaping work requires rainier to use landscaping equipment. its land- scaping equipment has the capacity to do 10,000 hours of landscaping work. it cur- rently anticipates getting orders that would utilize 9,000 hours of equipment time from existing customers. rainier charges $80 per hour for landscaping work. cost information for the current expected activity level is as follows: revenues ($80 * 9,000 hours) variable landscaping costs (including materials and labor), which vary with the number of hours worked ($50 per hour * 9,000 hours) fixed landscaping costs variable marketing costs (5% of revenue) fixed marketing costs total costs operating income $720,000 450,000 108,000 36,000 72,000 666,000 $ 54,000 rainier has received an order for landscaping work from victoria corporation at $60 per hour that would require 2,000 hours of equipment time. variable landscaping costs for the victoria corporation order are $50 per hour and variable marketing costs are 5% of revenues. rainier can either

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)

For each of the following cases determine the ending balance in the inventory account. (hint: first, determine the total cost of inventory available for sale. next, subtract the cost of the inventory sold to arrive at the ending balance.)a. jill’s dress shop had a beginning balance in its inventory account of $40,000. during the accounting period jill’s purchased $75,000 of inventory, returned $5,000 of inventory, and obtained $750 of purchases discounts. jill’s incurred $1,000 of transportation-in cost and $600 of transportation-out cost. salaries of sales personnel amounted to $31,000. administrative expenses amounted to $35,600. cost of goods sold amounted to $82,300.b. ken’s bait shop had a beginning balance in its inventory account of $8,000. during the accounting period ken’s purchased $36,900 of inventory, obtained $1,200 of purchases allowances, and received $360 of purchases discounts. sales discounts amounted to $640. ken’s incurred $900 of transportation-in cost and $260 of transportation-out cost. selling and administrative cost amounted to $12,300. cost of goods sold amounted to $33,900.a& b. cost of goods avaliable for sale? ending inventory?

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.