Ribaudo corporation has provided the following financial data from its balance sheet and income statement: year 2 year 1 cash $74,000 $130,000 accounts receivable $255,000 $240,000 inventory $173,000 $180,000 total current assets $564,000 $610,000 total assets $1,350,000 $1,330,000 accounts payable $170,000 $160,000 total liabilities $633,000 $620,000 total stockholders' equity $717,000 $710,000 sales (all on account) $1,290,000 cost of goods sold $700,000 the company's operating cycle for year 2 is closest to: 95.9 days 75.3 days 162.0 days 9.2 days

Jaynet spends $50,000 per year on painting supplies and storage space. she recently received two job offers from a famous marketing firm – one offer was for $95,000 per year, and the other was for $120,000. however, she turned both jobs down to continue a painting career. if jaynet sells 35 paintings per year at a price of $6,000 each: a. what are her accounting profits? b. what are her economic profits?

Bridge building company estimates that it will incur $1,200,000 in overhead costs for the year. additionally, the company estimates 50,000 direct labor hours will be spent building custom walking bridges for the year at a total direct labor cost of $600,000. what is the predetermined overhead rate for bridge building company if direct labor costs are to be used as an allocation base?

Magic realm, inc., has developed a new fantasy board game. the company sold 15,000 games last year at a selling price of $20 per game. fixed expenses associated with the game total $182,000 per year, and variable expenses are $6 per game. production of the game is entrusted to a printing contractor. variable expenses consist mostly of payments to this contractor.required: 1-a. prepare a contribution format income statement for the game last year.1-b. compute the degree of operating leverage.2. management is confident that the company can sell 58,880 games next year (an increase of 12,880 games, or 28%, over last year). given this assumption: a. what is the expected percentage increase in net operating income for next year? b. what is the expected amount of net operating income for next year? (do not prepare an income statement; use the degree of operating leverage to compute your answer.)