Johnson waterworks corporation provides plumbing services. transactions during the first year of operations are provided below.
a) received $14,000 cash and issued common stock to mitchell johnson.
b) paid $1,300 for equipment to be used for plumbing repairs.
c) borrowed $15,000 from a local bank and deposited the money in the checking account.
d) paid $300 in rent for the year.
e) paid $400 for plumbing supplies to be used on various jobs next year.
f) completed a plumbing repair for a law firm and received $3,200.
calculate the amount of total assets at the end of the first year. assume the plumbing supplies of $400 are left at the end of the year.
a. $3,400
b. $20,200
c. $10,000
d. $12,000

You are the manager in charge of global operations at bankglobal – a large commercial bank that operates in a number of countries around the world. you must decide whether or not to launch a new advertising campaign in the u. s. market. your accounting department has provided the accompanying statement, which summarizes the financial impact of the advertising campaign on u. s. operations. in addition, you recently received a call from a colleague in charge of foreign operations, and she indicated that her unit would lose $8 million if the u. s. advertising campaign were launched. your goal is to maximize bankglobal’s value. should you launch the new campaign? explain. pre-advertising campaign post-advertising campaign total revenues $18,610,900 $31,980,200 variable cost tv airtime 5,750,350 8,610,400 ad development labor 1,960,580 3,102,450 total variable costs 7,710,930 11,712,850 direct fixed cost depreciation – computer equipment 1,500,000 1,500,000 total direct fixed cost 1,500,000 1,500,000 indirect fixed cost managerial salaries 8,458,100 8,458,100 office supplies 2,003,500 2,003,500 total indirect fixed cost $10,461,600 $10,461,600