Holmes company produces a product that can either be sold as is or processed further. holmes has already spent $86,000 to produce 2,400 units that can be sold now for $67,500 to another manufacturer. alternatively, holmes can process the units further at an incremental cost of $260 per unit. if holmes processes further, the units can be sold for $395 each. compute the incremental income if holmes processes further.

Jordan, inc. sells fireworks. the company’s marketing director developed the following cost of goods sold budget for april, may, june, and july. april may june july budgeted cost of goods sold $62,000 $72,000 $82,000 $88,000 jordan had a beginning inventory balance of $3,000 on april 1 and a beginning balance in accounts payable of $14,600. the company desires to maintain an ending inventory balance equal to 15 percent of the next period’s cost of goods sold. jordan makes all purchases on account. the company pays 65 percent of accounts payable in the month of purchase and the remaining 35 percent in the month following purchase. required prepare an inventory purchases budget for april, may, and june. determine the amount of ending inventory jordan will report on the end-of-quarter pro forma balance sheet. prepare a schedule of cash payments for inventory for april, may, and june. determine the balance in accounts payable jordan will report on the end-of-quarter pro forma balance sheet.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false