The following information is available: January 1, 2013, 2013 December 31, 2013

Raw materials inventory $ 26,000 $30,000

Work in process inventory 13,500 22,200

Finished goods inventory 30,000 21,000

Materials purchased $170,000

Direct labor 220,000

Manufacturing overhead 180,000

Sales 800,000

Compute the gross profit??

Select one:
a. 233700
b. 566300
c. 557300
d. None of them

What does the phrase limited liability mean in a corporate context?

When the federal reserve buys bonds from or sells bonds to member banks, it is called monetary policy reserve ratio interest rate adjustment open market operations

A$100 million interest rate swap has a remaining life of 10 months. under the terms of the swap, the six-month libor is exchanged semi-annually for 12% per annum. the six-month libor rate in swaps of all maturities is currently 10% per annum with continuous compounding. the six-month libor rate was 9.6% per annum two months ago. what is the current value of the swap to the party paying floating? what is its value to the party paying fixed?