Please answer this 3 Accounting Question

ignore question 1 And 3 please explain question 4

Question 3 Mount Snow operates a mountain ski resort. The company is planning its lift ticket pricing for the coming ski season. Investors would like to earn a 16% return on the company's $109 375 000 of assets. The company primarily incurs fixed costs to groom the runs and operate the lifts. Mount Snow projects fixed costs to be $35 000 000 for the ski season. The resort serves about 700 000 skiers and snowboarders each season. Variable costs are about $12 per guest. Currently, the resort has such a favourable reputation among skiers and snowboarders that it has some control over the lift ticket prices. Required (a) Would Mount Snow emphasise target pricing or cost-plus pricing. Why? (b) If other resorts in the area charge $83 per day, what price should Mount Snow charge? Question 4 | Your friend James Smith, knowing that you are a 'top gun' accounting student, has asked you to prepare a balance sheet and a statement of comprehensive income from the following information. Amount ($) 1236 132000 932 32400 3200 9560 Items Salaries expense Cash sales Insurance expense Cost of supplies used to make cash sales Equipment Electricity and telephone expense Accounts payable Bank overdraft Wages expense Land and buildings Vehicles Mortgage on land Tax payable Shareholder's equity 14020 2300 38900 125000 23230 23000 5000 58138 Required Prepare an Income Statement and balance sheet. Question 1 ABC book store is selling business books, magazines and stationeries. The following transactions were occurred in February 2020 (GST inclusive). Feb. 6 7 8 10 13 Purchased books from Book Depository $880, terms 2/7, n/30. Paid freight on February 6 purchase $44. Sold inventory to customers $990, terms n/30. The inventory cost $600. Returned $99 books to Book Depository. Paid Book depository in full. Required Prepare the journal entries to record the transactions