Assume the following for Katelynn’s Coaster Company for the year ended 12/31/12:Direct Materials $3 per unit Direct Labor $4 per unit Variable Overhead$2 per unit Variable Selling $1 per unit Sales Price $15 per unit, 1800 units sold in 2012 Fixed Selling $1,000 for the period, based on 2,000 units producedFixed OH $3,000 for the period, based on 2,000 units produced Required: a. Prepare Income Statements under direct and absorption costing b. Reconcile the Operating Incomes between direct and absorption costing

What is private equity investing? who participates in it and why? how is palamon positioned in the industry? how does private equity investing compare with public market investing? what are the similarities and differences between the two? why is palamon interested in teamsystem? does it fit with palamon’s investment strategy? how much is 51% of teamsystem’s common equity worth? use both a discounted cash flow and a multiple-based valuation to justify your recommendation. what complexities do cross-border deals introduce? what are the specific risks of this deal? what should louis elson recommend to his partners? is it a go or not? if it is a go, what nonprice terms are important? if it’s not a go, what counterproposal would you make?