Answer:
B), C) and F)
Explanation:
Microeconomics refers to the study of individuals, households, firm behavior for making the decision and distribution of resources. It is useful for the markets that offered goods and services and also handle an individual and economic issues
Therefore in the given case, the microeconomics covered in B, C and F options
, is putting together this year's financial statements. He has gathered the following balance sheet information: The firm had a cash balance of $23,015, accounts payable of $163,257, common stock of $311,900, retained earnings of $512,159, inventory of $214,500, goodwill and other assets equal to $78,656, net plant and equipment of $714,100, and short-term notes payable of $21,115. It also had accounts receivable of $141,258 and other current assets of $11,223. How much long-term debt does Blossom Automotive have?
Answer:
Blossom Automotive have long-term debt of $174,321.
Explanation:
This can be estimated using the following accounting equation:
Total Assets = Shareholders' equity + Total liabilities ............... (1)
Where;
Total Assets = cash balance + inventory + goodwill and other assets + net plant and equipment + accounts receivable + other current assets = $23,015 + $214,500 + $78,656 + $714,100 + $141,258 + $11,223 = $1,182,752
Shareholders' equity = common stock + retained earnings = $311,900 + $512,159 = $824,059
Short-term liabilities = accounts payable + short-term notes payable = $163,257 + $21,115 = $184,372
Total liabilities = Short-term liabilities + long-term debt = $184,372 + long-term debt
Substituting the relevant values into equation (1) and solve for long-term debt, we have:
$1,182,752 = $824,059 + $184,372 + long-term debt
long-term debt = $1,182,752 - $824,059 - $184,372
long-term debt = $174,321
Therefore, Blossom Automotive have long-term debt of $174,321.
Self confidence is the most important quality for
Answer:
It can help you get more things done since you are certain of what you can and cannot do. This means that you can use your strengths to your advantage and at the same time, improve on your weaknesses
Explanation:
Answer:
building new relationships
Explanation:
Note that common skills are listed toward the top, and less common skills are listed toward the bottom.
According to O*NET, what are common skills needed by Foresters? Check all that apply.
speaking
troubleshooting
monitoring
equipment maintenance
O complex problem-solving
coordination
repairing
critical thinking
Answer:
1,3,5,6,8
Explanation:
Answer:
Speaking, Monitoring, Complex problem-solving, coordination, and critical thinking.
why it is important to business administration student to study and know the basic principles of income taxation?
The benefit principle of taxation is based on two ideas. The first and foremost is that those who benefit from services should be the ones who pay for them. Secondly, people should pay taxes in proportion to the amount of services or benefits they receive.
Explanation:
HOPE IT HELP U MAKE
Although the benefit principle of taxes is founded on two notions, it is critical for business administration students to learn and understand the fundamental principles of income taxation. The first and most important point is that people who gain from services should pay for them. Second, taxation should be proportional to the amount of benefits or services received.
An income tax is generally a tax levied on persons or corporations (taxpayers) based on their earnings or profits (often referred to as taxable income). In most cases, income tax is calculated as the result of a tax rate multiplied by the taxable income.
Taxation rates may differ depending on the taxpayer's attributes and the source of income.
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The risk premium for exposure to exchange rates is 7%, and the firm has a beta relative to exchange rates of 0.4. The risk premium for exposure to the consumer price index is -6%, and the firm has a beta relative to the CPI of 0.8. If the risk-free rate is 3%, what is the expected return on this stock?
Answer: 1%
Explanation:
From the question, we are informed that the risk premium for exposure to exchange rates is 7%, and the firm has a beta relative to exchange rates of 0.4.
We are further told that the risk premium for exposure to the consumer price index is -6%, and the firm has a beta relative to the CPI of 0.8. When the risk-free rate is 3%, the expected return on this stock will be:
= 0.03 + 0.4(0.07) + 0.8(-0.06)
= 0.03 + 0.028 - 0.048
= 0.058 - 0.048
= 0.01
= 1%
The highest amount a firm can charge for its products is most directly affected by:______.
a. expected retaliation from competitors.b. the cost of substitute products.c. variable costs of production.d. customers' high switching costs.
Answer:
Option B, the cost of substitute products, is the right answer,
Explanation:
Option “B” is the correct answer because if the price of substitute goods is lower then the consumer will go for that commodity. While, if the prices of substitutes are higher then the consumer will not prefer the substitute goods. So the company or firm takes the price of substitutes into consideration before deciding the price of goods. If a firm charges the price that is costlier for the consumer and the consumer is able to find the lower price of substitute goods then the demand for the main commodity will fall and the demand for substitute will increase.
The highest charge of firm on his product can be directly affected B: he cost of substitute products.
A substitute product can be regarded as goods that serves the same purpose that another product serves in the marketin competitive market, there are some factors that affect how much a firm can charge, availability of substitute product is one of them,
If a firm charge so high on its product, the consumer will just switch to similar product that serve same purpose and this will reduce the sales rate.
Therefore, option B is correct
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Moody's bond ratings are based primarily on an issuer's:___________.
a. capitalization
b. expected trading volume of a bond issue
c. financial strength
d. expected marketability of a bond issue
Answer:
The answer is C.
Explanation:
Moody's bond ratings are based on financial strength of the issuer i.e its ability to pay a bond's principal and interest as and when due.
Moody's rating scale are as follows: Aaa, Aa, A, Baa, Ba, B, Caa, Ca, C.
The best rating is Aaa which is similar to Standard and Poor's, AAA.
These ratings help to know the issuer (corporation, nations etc.) that are worthy to be given bonds.
I will cash app any money you need.
Discuss three challenges of working as a chef in a country club. What can you do to minimize these challenges?
Answer:
1 annoying customers
2 dirty dishes
3 fast orders
Explanation:
1 try to make sure the dish is correct
2 make sure all dishes r clean before opening
3 pre make usual meal orders
Tha tabacoo compaines have paid billions because of smoking.a. Trueb. False
Answer:
a. True
Explanation:
As per the data collected as on April 15, 2019 which reflects the tax day in the united states. On this date, the five greatest companies who deals in tobacco pay $9 billion to the state governments each and every year to settle out the legal proceeding for the year 1998 in order to compensate the states for the tobacco-related cost illness like - cancer, heart disease, etc
Therefore according to the above information, the given statement is true
New entrants to an industry are more likely when:a. differentiation among existing competitors is highb. access to distribution channels is limitedc. switching costs for consumers are lowd. capital requirements to enter the industry are highe. expected retaliation from existing competitors is high
Answer:
c. switching costs for consumers are low
Explanation:
New entrants to an industry are when new firms enter into an industry.
When it is easy for consumers to change product, it would be easy for consumers to switch to a new product. This would create a market for the new entrant.
On December 31, 2021, Gardner Company holds debt securities classified as HTM with a face amount of $100,000 and a carrying value of $95,000. The bonds have an effective interest rate of 6% and pay interest of $2,500 semi-annually on June 30 and December 31. The journal entry to record the interest payment on December 31, 2021 includes (Select all that apply.)
Answer:
there are no options, but the journal entry should be:
Dr Cash 2,500
Dr Investment in bonds 350
Cr interest revenue 2,850
Explanation:
Since the bonds' carrying value is less than the face value, it means that Gardner Company purchased them at a discount. When the bonds were purchased, the investment in bonds account's balance was not $100,000 (the par value), instead it was recorded at the lower amount at which they were purchased. As coupon payments are received, the discount on the bonds is amortized and their carrying value should increase until it reaches par value on maturity date.
Having unnecessary fluff in your comments can _____.
a.
Cause your message to be unclear
b.
Make your audience energized
c.
Make your comments more concise
d.
Show off your education
Answer:
A. Cause your message to be unclear
Explanation:
The correct answer is Having unnecessary fluff in your comments can Cause your message to be unclear
When Jeannie, a technical writer, specializes in simplifying that are highly complex with the information. so that She can make the most difficult, dense, and also that confusing material easily that is understandable. when Jeannie was hired by Jackson, who was fascinated by nuance, subtlety, and also hidden meanings. the Jackson is always found everything to have a deeper, a more complex, or that is ambiguous meaning. When Jeannie and also that Jackson worked together, it was a big disaster. Then They are engaged in a mental tug of war with each of them and it is pulling in opposite with the directions. Although they are liked with each other and also that they are compromised to accommodate the other, then they were never able to reach a happy medium and also that it could not succeed with the work together.Learn more about:
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Which 3 statements regarding Bank Rules are true? (Select all that apply)
A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions
B) Bank rules can be copied, edited, or deleted
C) You can automatically add transactions to the register using Bank Rules
D) There is an additional fee to use Bank Rules in QuickBooks Online
E) Only an Accountant user can set up Bank Rules in QuickBooks Online
Answer:
A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions
B) Bank rules can be copied, edited, or deleted
C) You can automatically add transactions to the register using Bank Rules
Explanation:
Bank rules help in the creation of transactions that are imported from the bank feed automatically.
The three statements regarding Bank Rules that are true are:
A) Bank rules can be prioritized Bank Rules are only included in QuickBooks Online Plus or Advanced subscriptions
B) Bank rules can be copied, edited, or deleted
C) You can automatically add transactions to the register using Bank Rules
The true statement about the Bank Rules includes that:
they can be prioritized and only included in QuickBooks Online Plus or Advanced subscriptions they can be copied, edited, or deletedone can automatically add transactions to the register using Bank Rules
The Bank rules in this context entails the set of rules which help in the creation of transactions that are imported from the bank feed automatically.
Hence, the three statements regarding Bank Rules that are true includes:
they can be prioritized and only included in QuickBooks Online Plus or Advanced subscriptions they can be copied, edited, or deletedone can automatically add transactions to the register using the Bank RulesTherefore, the Option A, B and C is correct.
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What is Target's net amount of property, plant and equipment? Millions except footnotes 30-Jan-10Assets Cash and cash equivalents, including marketable securities of $1 ,617 and $302 $2,200 Credit card receivables, net of allowance of $1 ,016 and $1 ,010 6,966Inventory 7,179Other current assets 2,079Total current assets 18,424Property and equipment Land 5,793Buildings and improvements 22,152Fixtures and equipment 4,743Computer hardware and software 2,575Construction-in-progress 502Accumulated depreciation (10,485)Property and equipment, net 25,280Other noncurrent assets 829Total assets $44,533
please find full question attached Answer:
property plant and equipment calculated before depreciation expense/accumulated depreciation
Explanation:
Please find attachment for explanation
Use the percent-of-sales method to prepare a pro forma income statement for the year ended December 31, 2015, for Hennesaw Lumber, Inc. Hennesaw Lumber, Inc. estimates that its sales in 2015 will be $4,500,000. Interest expense is to remain unchanged at $105,000 and the firm plans to pay cash dividends of $150,000 during 2015. Hennesaw Lumber, Inc.'s income statement for the year ended December 31, 2014 is shown below. From your preparation of the pro forma income statement, answer the following multiple choice question. Income Statement Hennesaw Lumber, Inc. For the Year Ended December 31, 2014 Sales Revenue $4,200,000 Less: Cost of goods sold 3,570,000 Gross profits $ 630,000 Less: Operating expenses 210,000 Operating profits $ 420,000 Less: Interest expense 105,000 Net profits before taxes $ 315,000 Less: Taxes (40%) 126,000 Net profits after taxes $ 189,000 Less: Cash dividends 120,000 To: Retained earnings $ 69,000 The pro forma net profits after taxes for 2015 are ________.
Answer:
207,000
Explanation:
We can find the net profit after tax under the percent of sales method as follows. workings are explained as in order to estimate the net profit after tax we need to estimate the variable cost according to estimated sales.
Sales $4,500,000
Cost of Goods Sold ($3,825,000)
((3,570,000/4,200,000) x 4,500,000)
Gross Profit $675,000
Operating Expenses ($225,000 )
(( 210,000 / 4,200,000) x 4,500,000 )
Operating Profits $450,000
Interest Expense ($105,000 )
Net Profit before Taxes $345,000
Taxes ( 40 %) ($138,000 )
Net Profit after Taxes 207,000
Hanover Corporation, a U.S. corporation, incurred $306,000 of interest expense during the current year. Hanover manufactures inventory that is sold within the United States and abroad. The total tax book value of its production assets is $20,200,000. The total tax book value of its foreign production assets is $5,100,000. What amount of interest expense is apportioned to the company's foreign source income for foreign tax credit purposes, assuming the interest expense is fully deductible
Answer:
Interest expense apportioned to foreign = $77,257.35
Explanation:
Total Interest expense = $306,000
Production assets = $20,200,000
Foreign production assets = $5,100,000
Ratio of foreign assets to total assets = $5,100,000 / $20,200,000 * 100
Ratio of foreign assets to total assets = 25.2475%
Interest expense apportioned to foreign = $306,000 * 25.2475%
Interest expense apportioned to foreign = $77,257.35.
Terapin Company engages in the following external transactions for November. 1. Purchase equipment in exchange for cash of $23,400. 2. Provide services to customers and receive cash of $6,800. 3. Pay the current month's rent of $1,300. 4. Purchase office supplies on account for $1,000. 5. Pay employee salaries of $2,100 for the current month. Required:Record the transactions. Terapin uses the following accounts: Cash, Supplies, Equipment, Accounts Payable, Service Revenue, Rent Expense, and Salaries Expense.
Answer:
Journal Entries
Journal 1 :
Equipment $23,400 (debit)
Cash $23,400 (credit)
Being Purchase of Equipment
Journal 2 :
Cash $6,800 (debit)
Service Revenue $6,800 (credit)
Being Service rendered for Cash
Journal 3 :
Salaries Expense $2,100 (debit)
Cash $2,100 (credit)
Being Salaries expense paid
Explanation:
Narrations have been provided to explain the transaction. Remember to use the account titles provided in accounting for the transactions.
Suppose this monopolist can price discriminate across its customers and sets 2 prices in the market. Let P M represent the standard (single price) monopoly price (or list price ) and Q M the standard monopoly quantity. Suppose the monopolist knows that customers with reservation prices less than P M will always use a coupon to receive a discount price P D , while customers with reservation prices greater than or equal to P M always pay the higher list price P M . This set-up is precisely the one we considered in class and in homework. The monopolist will choose a discount price of ____ and sell ____ units of the good in the discount market.
Answer:
hello your question is incomplete attached below is the missing part
answer: Pd = 1658 , Qd = 42
Explanation:
The monopolist will choose a discount price of ( Pd ) = 1658 and sell 42 units of the good in the discount market
since the standard price is at $1800 and the Qm ( standard monopoly quantity) is at 200 for the Monopoly to be profitable the amount of good to be sold to customers with reservation prices greater than or equal to standard price should be greater than the good offered at discount price and also the discount price after using a coupon should be lower than the standard price (Pm)
The market rewards investors for bearing ____________ risk.a. diversifiableb. undiversifiablec. unsystematicd. total
Answer:
B
Explanation:
According to the capital asset price model: Expected rate of return = risk free + beta x (market rate of return - risk free rate of return)
systemic risk or undiversifiable is measured by beta . It is the risk that cannot be eliminated by diversifying portfolio
unsystemic risk or diversifiable is risk specific to a business and it can be eliminated by diversifying portfolio
The cost of a purchased building includes all of the following except:________. a. closing costs. b. real estate broker's commission. c. remodelling costs. d. All of these are included.
Answer:
B because the broker pays their part of comission if I'm correct
If you rent a car, you can (1) return it with a full gas tank, (2) return it without filling it and pay $5.20/gallon, or (3) accept a fixed price of $55 for gas. The local price is $3.30/gallon for gasoline, and you expect this car to get 25 miles per gallon. The car has a 16-gallon tank. What choice should you make if you expect to drive: (a)150 miles
Answer:
(1) return it with a full gas tank
Explanation:
To find the best choice you have to evaluate each alternative. First, you need to find the amount of gallons you would use if you drive 150 miles:
1 gallon → 25 miles
x → 150 miles
x=(150*1)/25=6 gallons
(1) return it with a full gas tank:
local price for gasoline: $3.30/gallon
$3.30*6=$19.8
(2) return it without filling it and pay $5.20/gallon
$5.20*6=$31.2
According to this, return it with a full gas tank would cost $19.8, return it without filling it would cost $31.2 and the other option would be to accept a fixed price of $55 for gas. Considering this information, the choice that you should make if you expect to drive 150 miles is return it with a full gas tank because it is the cheapest option.
he Foundational 15 [LO1-1, LO1-2, LO1-3, LO1-4, LO1-5, LO1-6] [The following information applies to the questions displayed below.] Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 6.00 Direct labor $ 3.50 Variable manufacturing overhead $ 1.50 Fixed manufacturing overhead $ 4.00 Fixed selling expense $ 3.00 Fixed administrative expense $ 2.00 Sales commissions $ 1.00 Variable administrative expense $ 0.50 Foundational 1-1 Required: 1. For financial accounting purposes, what is the total amount of product costs incurred to make 10,000 units?
Answer:
Total product cost= $150,000
Explanation:
Giving the following information:
10,000 units:
Direct materials $ 6.00
Direct labor $ 3.50
Variable manufacturing overhead $ 1.50
Fixed manufacturing overhead $ 4.00
The product cost is the sum of direct material, direct labor, and total overhead.
First, we need to calculate the total fixed overhead:
Fixed overhead= 4*10,000= $40,000
Now, the total product cost:
Total product cost= 10,000*(6 + 3.5 + 1.5) + 40,000
Total product cost= $150,000
Decision Point: Choosing Your Data Collection Method Having chosen to use a survey to obtain descriptive data on eSports attitudes, you now need to decide how to contact consumers. You want to gather a large quantity of data fairly quickly, while not incurring high costs. How will you collect this data
Answer:
telephone interview, email
Explanation:
Since the researcher requires an inexpensive way or method of collecting data for the research, the best method would be through telephone interview or email. Using this method the researcher would not need to interview the respondents in person or give questionnaires in person which would require that the researcher travel or transport himself to the destination or destinations of the respondents in trying to collect data for his research
Social media:_____.
a. cannot be compared to traditional advertising in any meaningful way.
b. is thought of by most people as any tool or service that assist conversation.
c. has less sophisticated ways of measuring how marketers meet and interact with consumers than traditional advertising.
d. offer more one-to-one ways to meet consumers than traditional marketing media.
Answer:
d. offer more one-to-one ways to meet consumers than traditional marketing media.
Explanation:
Social media gives the opportunity to meet and communicate with consumers more easy. One can contact a consumer by sending a direct message. This opportunity is not available with traditional media such as newspapers, radios and television adverts.
Social media also makes it easy to find potential customers. A marketer can send a message advertising ones products
The Fabricating Department started the current month with a beginning Work in Process inventory of $10,500. During the month, it was assigned the following costs: direct materials, $76,500; direct labor, $24,500; and factory overhead, 60% of direct labor cost. Also, inventory with a cost of $111,500 was transferred out of the department to the next phase in the process. The ending balance of the Work in Process Inventory account for the Fabricating Department is:
Answer:
Ending work in process = $14,700
Explanation:
The production process is divided into different stages and includes Raw materials (unprocessed input), Work in process (a combination of processed and unprocessed input), and Finished goods.
In this scenario the work in process started out as $10,500
There was an addition of direct materials
Work in process will increase to 10,500 + 76,500 = $87,000
Other additions are direct labour and factory overhead
Direct labour = $24,500
Factory overhead = 0.6 * 24,500 = $14,700
Inventory cost will be deducted
Ending work in process = 87,000 + 24,500 + 14,700 - 111,500 = $14,700
The initial solution to a transportation problem can be generated several ways, so long as:_______.
A) it minimizes cost
B) it ignores cost
C) all supply and demand conditions are satisfied
D) degeneracy does not exist
E) all cells are filled
Answer:
c
Explanation:
because why wouldnt u pay
The initial solution to a transportation problem can be generated several ways, so long as: all supply and demand conditions are satisfied. Thus option (C) is correct.
What is transportation?Transportation is the movement of goods from one location to another. The main motive of transportation is to supply goods from the producers to the consumers for consumption.
For example, one location might be the place where we have source raw materials (like Kuwait for oil) or where we have source goods from a manufacturing facility ( like in California).
We will transport these goods through these goods through different modes like waterways or railways to the end consumers like in Mexico or India. We call such a location a node in the supply chain. There is then a series of such nodes or locations to finally get to the end customer.
The initial solution to a transportation problem can be generated several ways, so long as: all supply and demand conditions are satisfied. Therefore, option (C) is correct.
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The Florida real estate market is a market that is categorized in which two ways? (Select two answers.) The Florida real estate market is a market that is categorized in which two ways? (Select two answers.)
Answer:
by location by commodityExplanation:
Location in real estate means simply where the property is located, in this case it would be what county in Florida, city and finally neighborhood. As the location is more attractive or strategic (e.g. beachfront) the price of real estate increases.
Commodities in real estate refers to the additional services provided to real estate buyers, e.g. condo with a gym, furnished homes
You are considering a stock investment in one of two firms (LotsofDebt, Inc. and LotsofEquity, Inc.), both of which operate in the same industry. LotsofDebt, Inc. finances its $34.25 million in assets with $32.25 million in debt and $2.00 million in equity. LotsofEquity, Inc. finances its $34.25 million in assets with $2.00 million in debt and $32.25 million in equity. Calculate the debt ratio. (Round your answers to 2 decimal places.) Calculate the equity multiplier. (Round your answers to 2 decimal places.)
Answer:
Debt ratio
94.16%
5.84%
Equity multiplier
17.13%
1.06%
Explanation:
The debt ratio can be calculated as follows
Lots of debt incorporation= total liability/total assets.
= 32.25/34.25
= 0.9416×100
= 94.16%
Lots of equity incorporation= 2.00/34.25
= 0.05839 × 100
= 5.84%
The eqiuty multiplier can be calculated as follows
Lots of debt incorporation= equity/multiplier
= 34.25/2.00
= 17.13%
Lots of equity incorporation= equity/multiplier
= 34.25/32.25
= 1.06%
Which of the following is ethics most closely related to?
A) Values
B) Locus of control
C) Myers-Briggs type Indicator
D) Personality
E) Ability
Ethics most closely related to the values. Thus, the correct option is A). Values.
What is ethics?Ethics is a structure of moral principles. It refers to the guidelines for conduct, which basically address the questions of morality.
Ethical value is the degree of importance, which serve to distinguish between good and bad, right and wrong, moral and immoral.
Basically, ethics is concerned with what is good for individuals and society as moral philosophy.
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Transactions Amy Austin established an insurance agency on March 1 of the current year and completed the following transactions during March: Opened a business bank account with a deposit of $50,000 from personal funds. Purchased supplies on account, $4,000. Paid creditors on account, $2,300. Received cash from fees earned on insurance commissions, $13,800. Paid rent on office and equipment for the month, $5,000. Paid automobile expenses for the month, $1,150, and miscellaneous expenses, $300. Paid office salaries, $2,500. Determined that the cost of supplies on hand was $2,700; therefore, the cost of supplies used was $1,300. Billed insurance companies for sales commissions earned, $12,500. Withdrew cash for personal use, $3,900. Required: 1. Indicate the effect of each transaction and the balances after each transaction. For those boxes in which no entry is required, leave the box blank. For those boxes in which you must enter subtractive or negative numbers use a minus sign. (Example: -300) Assets
Answer:
Opened a business bank account with a deposit of $50,000 from personal funds.
Assets (Bank) = +$50,000
Stockholder's equity (capital) = +$50,000
Purchased supplies on account, $4,000.
Assets (supplies) = +$4,000
Liabilities (Accounts Payable) = +$4,000
Paid creditors on account, $2,300.
Assets (cash) = -$2,300
Liabilities (Accounts Payable) = -$2,300
Received cash from fees earned on insurance commissions, $13,800.
Assets (cash) = +$13,800
Service Revenue = +$13,800
Paid rent on office and equipment for the month, $5,000.
Assets (cash) = -$5,000
Expenses (Operating Expenses) = +$5,000
Paid automobile expenses for the month, $1,150, and miscellaneous expenses, $300.
Assets (cash) = -$1,450
Expenses (Operating Expenses) = -$1,150
Expenses (Miscellaneous Expenses) = -$300
Paid office salaries, $2,500.
Assets (cash) = -$2,500
Liabilities (Wages Payable) = -$2,500
Determined that the cost of supplies on hand was $2,700; therefore, the cost of supplies used was $1,300.
Supplies expense = +$1,300
Billed insurance companies for sales commissions earned, $12,500.
Service Revenue = +$12,500
Assets (Accounts Receivable) = +$12,500
Withdrew cash for personal use, $3,900.
Assets (Bank) = -$3,900
Expenses (Personal Expense) = +$3,900
