Beamish Inc., which produces a single product, has provided the following data for its most recent month of operations: Number of units produced 1,000 Variable costs per unit: Direct materials $ 50 Direct labor $ 47 Variable manufacturing overhead $ 2 Variable selling and administrative expense $ 8 Fixed costs: Fixed manufacturing overhead $ 31,000 Fixed selling and administrative expense $ 69,000 There were no beginning or ending inventories. The absorption costing unit product cost was: g

What preforms the best over the long term? a) bonds b) mutual funds c) stocks d) certificate of deposit

Selected data for stick’s design are given as of december 31, year 1 and year 2 (rounded to the nearest hundredth). year 2 year 1 net credit sales $25,000 $30,000 cost of goods sold 16,000 18,000 net income 2,000 2,800 cash 5,000 900 accounts receivable 3,000 2,000 inventory 2,000 3,600 current liabilities 6,000 5,000 compute the following: 1. current ratio for year 2 2. acid-test ratio for year 2 3. accounts receivable turnover for year 2 4. average collection period for year 2 5. inventory turnover for year 2

Right medical introduced a new implant that carries a five-year warranty against manufacturer’s defects. based on industry experience with similar product introductions, warranty costs are expected to approximate 2% of sales. sales were $8 million and actual warranty expenditures were $42,750 for the first year of selling the product. what amount (if any) should right report as a liability at the end of the year?