Mrs. meadows opened a biscuit shop called the biscuit bakery. the business was not incorporated. whenever she ordered supplies, she was careful to sign the contract in the name of the business, not personally: the biscuit bakery by daisy meadows. unfortunately, she had no money to pay her flour bill. when the vendor threatened to sue her, mrs. meadows told him that he could only sue the business because all the contracts were in the business’s name. will mrs. meadows lose her dough?

Paying attention to the purpose of her speech, which questions can she eliminate? a. 1 and 2 b. 3 c. 2 and 4 d. 1-4

Engberg company installs lawn sod in home yards. the company’s most recent monthly contribution format income statement follows: amount percent of sales sales $ 80,000 100% variable expenses 32,000 40% contribution margin 48,000 60% fixed expenses 38,000 net operating income $ 10,000 required: 1. compute the company’s degree of operating leverage. (round your answer to 1 decimal place.) 2. using the degree of operating leverage, estimate the impact on net operating income of a 5% increase in sales. (do not round intermediate calculations.) 3. construct a new contribution format income statement for the company assuming a 5% increase in sales.

Shelby bought her dream car, a 1966 red convertible mustang, with a loan from her credit union. if shelby paid 5.1% and the bank earned a real rate of return of 3.5%, what was the inflation rate over the life of the loan?