Answer these questions about your spreadsheet output.

What was the unit cost of the ending inventory?

Answer these questions about your completed spreadsheet:

What would the interest be on the loan?

Answer these questions about your updated spreadsheet.

What arithmetic is done in cell D22?

Answer these questions about your completed spreadsheet. Which job offered the highest total employee benefits? How much higher?

Answer these questions about your updated spreadsheet.

What arithmetic is done in cell D23?

Answer these questions about your spreadsheet output.

What was the value of the ending inventory?

Select one of Applications Tasks $4-7$ and develop a spreadsheet that could be used to answer the questions about population or investment growth over time. Use the spreadsheet to answer those questions.

Answer these questions about your completed spreadsheet:

What was the reconciled balance?

Answer these questions about your completed spreadsheet. Which job benefits package do you think is better?

Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of$5,000 for his shop, and spends $20,000 per year on materials. He has$40,000 of his own funds invested in equipment (pottery wheels, kilns, and so forth) that could earn him $4,000 per year if alternatively invested. He has been offered$15,000 per year to work as a potter for a competitor. He estimates his entrepreneurial talents are worth $3,000 per year. Total annual revenue from pottery sales is$72,000. Calculate the accounting profit and the economic profit for Gomez’s pottery firm.

A partial solution for this problem is given below. Complete the blanks, and then finish the rest of the puzzle. Be sure to justify your statements.

Fill in the blanks. When you construct and use a table to solve a problem, you are using a ________ approach.

Big loss. Ford Motor Company's profit for 2008 was $-\$ 14.6$ billion. Find the rate in dollars per minute (to the nearest dollar) at which Ford was "making" money in 2008.

The net income or net loss is calculated on the _____.

A. balance sheet.

B. statement of owner's equity.

C. income statement.

D. annual profit report.