Bee company is a honey wholesaler. an income statement and other data for the second quarter of the year are given below: bee company income statement for the quarter ended june 30 sales $ 960,000 cost of goods sold 420,000 gross margin 540,000 selling and administrative expenses: selling $ 200,000 administrative 75,000 275,000 net operating income $ 265,000 other data: average selling price $60 per unit selling expenses fixed selling expenses plus 8% of sales administrative expense fixed administrative expenses plus $2 per unit bee company's cost formula for total selling and administrative expenses, with "x" equal to the number of units sold would be: multiple choice y = $123,200 + $4.80x y = $123,200 + $6.80x y = $275,000 + $4.80x y = $166,200 + $6.80x

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.