The following data from the just completed year are taken from the accounting records of mason company:
sales $ 660,000
direct labor cost $ 80,000
raw material purchases $137,000
selling expenses $108,000
administrative expenses $40,000
manufacturing overhead applied to work in process $204,000
actual manufacturing overhead costs $220,000

inventories begining of year end of year
raw materials 8000 1000
work in process 5000 20,000
finished good 70,000 25,000

prepare an income statement.

8. agreement and disagreement among economists suppose that bob, an economist from a university in arizona, and cho, an economist from a public television program, are arguing over saving incentives. the following dialogue shows an excerpt from their debate: cho: i think it's safe to say that, in general, the savings rate of households in today's economy is much lower than it really needs to be to sustain an improvement in living standards. bob: i think a switch from the income tax to a consumption tax would bring growth in living standards. cho: you really think households would change their saving behavior enough in response to this to make a difference? because i don't. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? rent ceilings reduce the quantity and quality of available housing. immigrants receive more in government benefits than they contribute in taxes. having a single income tax rate would improve economic performance.

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?