The Income Statement for the Month of June, 2015 of Camera

question 14

Multiple Choice

The income statement for the month of June, 2015 of Camera Obscura Enterprises contains the following information: $\begin{array}{lr}\text { Revenues }&&\$7,000\\\text { Expenses: }\\\text { Salaries and Wages Expense } & \$ 3,000 \\\text { Rent Expense } & 1,500 \\\text { Advertising Expense } & 800 \\\text { Supplies Expense } & 300 \\\text { Insurance Expense } & 100\\\text { Total expenses }&&5,700\\\text { Net income }&&\$1,300\end{array}$ At June 1, 2015, Camera Obscura reported retained earnings of $35,000. The company had no dividends during June. At June 30, 2015, the company will report retained earnings of

• A) $29,300.
• B) $35,000.
• C) $36,300.
• D) $42,000.

Master the use of Excel's Auto Fill options to efficiently fill data series and apply formatting.

Recognize and apply the correct method to keep cell references constant using absolute referencing.

Understand the concept of sensitivity or what-if analysis in Excel.

Identify and correct common error indicators in Excel, such as ###### or #NAME?.

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Definitions:

Indian Communities

Groups or populations of Indigenous peoples with common cultural, linguistic, or ancestral ties, often living in specific geographic areas.

Spanish Missionary Period

The era from the late 15th to the 18th centuries when Spanish missionaries established missions to convert Native Americans to Christianity.

French and Indian War

A conflict between France and Britain from 1754 to 1763 in North America, part of the greater Seven Years' War, with Native American tribes playing key roles on both sides.

African Religions

Traditional religions practiced in various parts of Africa, often characterized by belief in a supreme being, ancestral worship, and spirituality connected to nature.