USE THE FOLLOWING TO ANSWER THE QUESTION

COMPANY A B C B

Sales $ 40,000 $ 60,000 $ 50,000 $ 90,000

Cost Of Goods $ 24,000 $ 36,000 $ 30,000 $ 67,500

Gross Margin $ 16,000 $ 24,000 $ 20,000 $ 22,500

Operating Expenses $ 4,800 $ 5,400 $ 5,000 $ 6,300

Net Income $ 11,200 $ 18,600 $ 15,000 $ 16,200

1. Based on common-sized income statement, Which of the companies spent, Relative sale, the most on operating expenses?

A) Company A

B) Company B

C) Company C

D) Company D

2. The April 30, 2006 bank statement for Tuttle's Corporation shows an ending balance of $ 34,451. The unadjusted cash account balance was $28,350. The accountant for tuttles gathered the

following information :

1. Aprils deposit in transit was $4,240
2. The bank statement reports a service charge of $ 39
3. A credit memo included in the bank statement shows interest earned of $ 95
4. Outstanding checks totaled $ 10,935
5. The bank statement included a $ 650 NSF check deposited in April

3.What is the true balance as of April 30, 2006?

A) 27,106

B) 27,756

C) 31,901

D) 31,996