Do it! review 20-6 gator corporation manufactures several types of accessories. for the year, the gloves and mittens line had sales of $486,000, variable expenses of $362,000, and fixed expenses of $146,000. therefore, the gloves and mittens line had a net loss of $22,000. if gator eliminates the line, $44,000 of fixed costs will remain. prepare an analysis showing whether the company should eliminate the gloves and mittens line. (enter negative amounts using either a negative sign preceding the number e. g. -45 or parentheses e. g. ( continue eliminate net income increase (decrease) sales $ $ $ variable costs contribution margin fixed costs net income / (loss) $ $ $ the analysis indicates that gator should the gloves and mittens line.

When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

Define the marginal rate of substitution between two goods (x and y). if a consumer’s preferences are given by u(x,y) = x3/4y1/4, compute the consumer’s marginal rate of substitution as a function of x and y. calculate the mrs if the consumer has chosen to consumer 48 units of x and 16 units of y. show your work. (use the back of the page if necessary.