Movers company manufactures sneakers. the production of their new sneaker for the coming three months is budgeted as follows:
august 30,000
september 50,000
october 35,000
each sneaker requires 2 hours of direct labor time. direct labor wages average $15 per hour. monthly overhead averages $10 per direct labor hour plus fixed overhead of $4,500. what is the direct labor cost budgeted for september?
a.$1,400,000
b.$1,500,000
c.$750,000
d.$625,000
e.$820,000

Colah company purchased $1.8 million of jackson, inc. 8% bonds at par on july 1, 2018, with interest paid semi-annually. when the bonds were acquired colah decided to elect the fair value option for accounting for its investment. at december 31, 2018, the jackson bonds had a fair value of $2.08 million. colah sold the jackson bonds on july 1, 2019 for $1,620,000. the purchase of the jackson bonds on july 1. interest revenue for the last half of 2018. any year-end 2018 adjusting entries. interest revenue for the first half of 2019. any entry or entries necessary upon sale of the jackson bonds on july 1, 2019. required: 1. prepare colah's journal entries for above transaction.

Quick computing currently sells 12 million computer chips each year at a price of $19 per chip. it is about to introduce a new chip, and it forecasts annual sales of 22 million of these improved chips at a price of $24 each. however, demand for the old chip will decrease, and sales of the old chip are expected to fall to 6 million per year. the old chips cost $10 each to manufacture, and the new ones will cost $14 each. what is the proper cash flow to use to evaluate the present value of the introduction of the new chip? (enter your answer in millions.)

The answer here, x=7, is not in the interval that you selected in the previous part. what is wrong with the work shown above?