Martinez products manufactures a line of desk chairs. martinez's production operations are divided into two departments long dash department 1 and department 2. the company uses a process costing system. martinez incurred the following costs during the year to produce 25 comma 700 chairs: department 1 $ 862 comma 500 department 2 $ 291 comma 000 if martinez sells 23 comma 000 chairs during the year, what will be the cost per chair produced? (round your answer to two decimal places.)

The master manufacturing company has just announced a tender offer for its own common stock. master is offering to buy up to 100% of the company's stock at $20 per share contingent on at least 64% of the outstanding shares being tendered. after the announcement of the offer, the stock closed on the nyse up 2.50 at $18.75. a customer has 100 shares of master stock in his cash account. the customer tells you that he wishes to "cash out" his position. you should recommend that the customer: