Identify Account Type nd Financial Statement on which it appears.

Account Types

Asset

Liability

Equity

Income

Expense

Financial Statements

Balance Sheet

Profit and Loss

Accounts

1. Design Income

2. Savings

3. Accounts Receivable (A/R)

4. Rent or Lease

5. Prepaid Expenses

6. Notes Payable

7. Inventory Asset

8. Opening Balance Equity

9. Utilities

10. Undeposited Funds

11. Accounts Payable (A/P)

12. MasterCard

13. Visa

14. Loan Payable

15. Sales of Product Income

16. Legal and Professional Fees

17. Advertising

18. Meals and Entertainment

19. Retained Earnings

20. Checking

21. Landscaping Services

22. Pest Control Services

23. Cost of Goods Sold

24. Automobile: Fuel

25. Bank Charges

26. Interest EarnedIdentify Account Type nd Financial Statement on which it appears.

Account Types

Asset

Liability

Equity

Income

Expense

Financial Statements

Balance Sheet

Profit and Loss

Accounts

1. Design Income

2. Savings

3. Accounts Receivable (A/R)

4. Rent or Lease

5. Prepaid Expenses

6. Notes Payable

7. Inventory Asset

8. Opening Balance Equity

9. Utilities

10. Undeposited Funds

11. Accounts Payable (A/P)

12. MasterCard

13. Visa

14. Loan Payable

15. Sales of Product Income

16. Legal and Professional Fees

17. Advertising

18. Meals and Entertainment

19. Retained Earnings

20. Checking

21. Landscaping Services

22. Pest Control Services

23. Cost of Goods Sold

24. Automobile: Fuel

25. Bank Charges

26. Interest Earned

The A corporation has an operating profit margin of 20%, operating expenses of $500,000, and financing costs of $15,000. Therefore Select one: a. ) the corporation's gross profit margin is equal to 20% because gross profit is not affected by operating expenses or financing costs O b, the corporation's gross profit margin is less than 20%. c. the corporation's net profit margin is greater than 20%. O d. the corporation's gross profit margin is greater than 20%.The A corporation has an operating profit margin of 20%, operating expenses of $500,000, and financing costs of $15,000. Therefore Select one elop a, ) the corporation's gross profit margin is equal to 209% hecause gross profit is not affected by operating expenses or financing costs to the corporation's net profit margin is greater than 20%. c. the corporation's gross profit margin is less than 2040. de the corporation's gross profit margin is greater than 2040.The following graph shows the demand (), marginal revenue (MR), marginal cost (MC), and average total cost (ATC) curves of a monopolistic competitor. Place the grey point (star symbol) on the graph to indicate the profit-maximizing price and quantity for this monopolistic competitor. If the monopolistic competitor is making a profit, use the green rectangle (triangle symbols) to shade in the area representing its profit. On the other hand, if the monopolistic competitor is suffering a loss, use the purple rectangle (diamond symbols) to shade in the area representing its loss. 100 90 Monopolistic Competition Outcome 80 70 Profit 60 50 PRICE (Dollars) ATC 40 Loss 30 D 20 MC MR 0 10 20 30 40 50 60 70 80 90 100 QUANTITY (Units)