Jan showed the following financial items in 2007 and 2008: ...

[Davideckstein7]

Jan showed the following financial items in 2007 and 2008:
 
  2007 2008
  Salary 22,000 20,000
  Payroll taxes 4,000 3,500
  Other inflexible expenses 11,000 11,000
  Flexible expenses 6,000 5,300
 
  In relation to 2007's savings, Jan's savings in 2008
  A)
 
  decreased by 800.
  B)
 
  decreased by 200.
  C)
 
  increased by 200.
  D)
 
  increased by 800.

Question 2

Siskiyou, Inc. has total current assets of 1,200,000; total current liabilities of 500,000; long-term
  assets of 800,000; and long-term debt of 600,000. How much is the firm's total equity?
 
  A) 1,200,000 B) 900,000 C) 800,000 D) 2,000,000

[zogaridan]

Answer to Question 1

D

Answer to Question 2

B