vinodbaji0

Hi, I'm a beginning accounting student and need a little help with the steps of this problem. It's asking me to calculate the net income and to make a retained earnings statement.  

Retained earnings, January 1   $153,400 Service revenue   472,000 Total expenses   206,500 Dividends   76,700

A hotel has two wings, an east wing and a west wing. Each wing has four ‘room service maids’ working seven-hour shifts to service the rooms each day. The east wing has 40 standard rooms,12 deluxe rooms and 5 suites. The west wing has 50 standard rooms and 10 deluxe rooms. The standard times for servicing rooms are as follows: standard rooms 20 standard minutes, deluxe rooms 25 standard  minutes, and suites 40 standard  minutes. In addition, an allowance of 5 standard  minutes per room is given for any miscellaneous jobs such as collecting extra items for the room or dealing with customer requests. What is the productivity of the maids in each wing of the hotel? What other factors might also influence the productivity of the maids?

Maine Lobster Market (MLM) provides fresh seafood products to customers. It allows customers to pay with cash, an in-house credit account, or a credit card. The credit card company charges Maine Lobster Market a 4% fee, based on credit sales using its card. From the following transactions, prepare journal entries for Maine Lobster Market.

Aug. 5

Pat paid $800 cash for lobster. The cost to MLM was $480.

Aug. 10

Pat purchased 30 pounds of shrimp at a sales price per pound of $25. The cost to MLM was $18.50 per pound and is charged to Pat’s in-store account.

Aug. 19

Pat purchased $1,200 of fish with a credit card. The cost to MLM is $865.

I would like the answer to this problem please

Your friend loves coffee! She buys a medium Dunkin' Donuts iced coffee every day Monday-Friday for $ 2.49. How much does your friend spend on coffee in a year? Show your work!