Adrian owns an older used car that is valued at about $1,000.

Solution

1.Hotel’s cost structure          Indications in percentage(%)

Revenue                                     $ 2,000,000                          (100)

Less: Variable expenses            $ 1,300,000                            65

                                                    --------------------

Contribution margin                       $700,000                            

Less: Fixed expenses                   $560,000                            28

                                                    ---------------------

Net income                                       $140,000                            7

2.Revenue declines by 30 percent

Revenue                                     $ 1,400,000                    

Less: Variable expenses               $910,000                                                                                    

                                                   ---------------------

Contribution margin                       $490,000                  

Less: Fixed expenses                   $392,000                          

                                                    ---------------------

Net income                                       $98,000          

3.Operating leverage factor when revenue is $2,000,000    

       Operating leverage =    Contribution/ Net income

                                             

4.Operating leverage factor when increase in revenue by 25 percent  

increase in revenue by 25 percent=

increase in contribution by 25 percent=

increase in net income by 25 percent  =                                                  

       Operating leverage =    Contribution/ Net income

                                         

After evaluating the email, it's clear that it lacks formal tone and is missing a proper subject line. The email opens rather bluntly and unprofessionally. It also includes negative expressions, such as "unfortunately I cannot buy extra license." Here’s a revised version: To: staff computer users From: Anna He Wong <ahwong(at the rate)csb.com> Subject: Informing about the Adobe Creative Cloud access request. Dear staff, This email serves to notify you that we cannot procure additional access to the Adobe Creative Cloud for personal use due to high costs and the expensive nature of access codes. I extend my apologies to those who sought this privilege. The cloud suite offers numerous features, and I would be happy to demonstrate it if you contact the Document Production Department. Keep in mind that this software operates on a subscription basis and requires unique access keys, which cannot be used on more than one computer. I appreciate your understanding regarding this matter, and if additional access were granted, it might not be beneficial for our business. Thank you for your cooperation. Best regards, Anna He Wong Document Production Manager.

Response:

cash   110,000 debit

  land                   100,000 credit

  gain from disposal  10,000 credit

--to document the land sale--

accounts payable 80,000 debit

               cash               80,000 credit

--to record the settlement of debts--

gain from disposal 10,000 debit

                Morgan           7,500 credit

                Halsted          2,500 credit

--to allocate gains from sale--

Morgan 22,500

Halsted    7,500

   Cash                30,000

--to dissolve the partnership--

Clarification:

ratio 3:1 (3+1=4)

Morgan  15,000 share of 3/4 = 75%

Halsted   5,000 share of 1/4 = 25%

a gain of 10,000 from the sale is shared as follows

Morgan 10,000 x 75% =  7,500

Halsted 10,000 x 25% =   2,500

Next, we close the accounts against cash