The following cost and inventory data are taken from the accounting records of mason company for the year just completed:
costs incurred:
direct labor cost $ 86,000
purchases of raw materials $ 134,000
manufacturing overhead $ 209,000
advertising expense $ 49,000
sales salaries $ 108,000
depreciation, office equipment $ 220,000
beginning of the year end of the year inventories:
raw materials $ 8,200 $ 10,200
work in process $ 5,800 $ 20,700
finished goods $ 74,000 $ 25,800
required :
1) prepare a schedule of cost of goods manufactured. assume all raw materials used in production were direct materials.

Consider the following scenarios. use what you have learned to decide if the goods and services being provided are individual, public, or merit goods. for each case, state what kind of good has been described and explain your answer using the definitions of individual, public, and merit goods. (6 points each) 1. from your window, you can see a city block that's on fire. you watch city firefighters rescue people and battle the flames to save the buildings. 2. while visiting relatives, you learn that your cousins attend a nearby elementary school that is supported financially by local property tax revenue. 3. you see a squadron of military jets flying overhead. 4. you find out that your aunt works for a defense manufacturing company that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. 5. your class visits a local jail run by a private, profit-making company that detains county criminals and is paid with tax revenue.

During which of the following phases of the business cycle does the real gdp fall? a. trough b. expansion c. contraction d. peak

Retirement investment advisors, inc., has just offered you an annual interest rate of 4.4 percent until you retire in 40 years. you believe that interest rates will increase over the next year and you would be offered 5 percent per year one year from today. if you plan to deposit $13,000 into the account either this year or next year, how much more will you have when you retire if you wait one year to make your deposit?