Acme Company purchases precious metal (Pd) at a cost of $42 per ounce. Acme can resell Pd as is for $45 per ounce or it can process it into gadgets. It takes one ounce of Pd to make one gadget, which Acme can sell for $75 per unit. In addition to the cost of Pd, Acme incurs $16 of additional variable costs to make and sell one gadget. The monthly traceable fixed costs related to producing and selling gadgets include $119,000 of salaries paid to managers, as well as $21,000 of depreciation expense on production equipment that has no resale value. How many gadgets does Acme need to sell each month to break-even on processing Pd into gadgets as opposed to merely reselling Pd as is?

Acme Company is considering an investment in labor-saving equipment that has an internal rate of return of 12%. The project has a 5-year useful life but no salvage value. Annual net cash inflows from the project are $100,000 per year in each of the 5 years. Acme uses a 14% discount rate to make capital budgeting decisions. What of the following statements is true?

Acme Company is a wholesaler that makes all inventory sales and inventory purchases on account. All of Acme’s accounts payable relate to inventory purchases. During the current month, Acme collects $135,000 of cash from its customers and its accounts receivable balance increases by $4,000. Acme also pays $109,000 of cash to its suppliers of inventory and its accounts payable balance increases by $7,500. Acme’s merchandise inventory balance does not increase or decrease during the month. What is Acme’s gross margin? Round to the nearest whole dollar amount and do not enter a dollar sign or a decimal point (e.g., enter 89, not $89.00).

Perch, ver A

Acme Company produces and sells three products—P, Q and R. Total annual customer demand is 3,000 units for Product P, 2,000 units for Product Q, and 2,400 units for Product R. The contribution margin per unit is $78 for Produce P, $84 for Product Q, and $70 for Product R. It takes 3.0 machine hours to produce one unit of Product P, 3.5 machine hours to produce one unit of Product Q, and 2.5 machine hours to produce one unit of Product R. Acme’s current capacity is 14,000 machine hours per year. What is the maximum amount that Acme should be willing to pay per machine hour to acquire an additional 1,000 machine hours of capacity?

Acme Company purchases precious metal (Pd) at a cost of $42 per ounce. Acme can resell Pd as is for $45 per ounce or it can process it into gadgets. It takes one ounce of Pd to make one gadget, which Acme can sell for $75 per unit. In addition to the cost of Pd, Acme incurs $16 of additional variable costs to make and sell one gadget. The monthly traceable fixed costs related to producing and selling gadgets include $98,000 of salaries paid to managers, as well as $21,000 of depreciation expense on production equipment that has no resale value. How many gadgets does Acme need to sell each month to break-even on processing Pd into gadgets as opposed to merely reselling Pd as is?

In Strickland v. Washington, the Supreme Court ruled that people accused in capital cases have the right to representation that meets an “objective standard of __________________.”

Which strategy recommends reserving prison space for violent offenders that have not been deterred by other sanctions?

What is the strategy of building new facilities to meet the demand for prison space?

The first two decades of the 1900s is called the Age of _______________.