Smith Corporation reported the following results from last y…

Smith Corporation reported the following results from last year’s operations: Sales $ 11,000,000 Variable expenses 8,200,000 Contribution margin 2,800,000 Fixed expenses 2,360,000 Net operating income $ 440,000 Average operating assets $ 5,000,000 The company’s minimum required rate of return is 10%. Last year’s residual income was closest to:

Johnson Manufacturing has provided the following data for it…

Johnson Manufacturing has provided the following data for its most recent year of operation: Selling price per unit $ 47 Manufacturing costs:   Variable manufacturing cost per unit produced:   Direct materials $ 10 Direct labor $ 6 Variable manufacturing overhead $ 5 Fixed manufacturing overhead per year $130,000 Selling and administrative expenses:   Variable selling and administrative expense per unit sold $ 5 Fixed selling and administrative expense per year $ 63,000 Units in beginning inventory 0 Units produced during the year 10,000 Units sold during the year 9,000 Units in ending inventory 1,000 The net operating income (loss) under variable costing is closest to:

The following are budgeted data:   April May June…

The following are budgeted data:   April May June Sales in units 15,300 20,600 18,300 Production in units 18,300 19,300 17,200 One pound of material is required for each finished unit. The inventory of materials at the end of each month should equal 20% of the following month’s production needs. Purchases of raw materials for May would be budgeted to be:

Brown Company reported the following results from last year’…

Brown Company reported the following results from last year’s operations: Sales $ 16,800,000 Variable expenses 12,230,000 Contribution margin 4,570,000 Fixed expenses 3,394,000 Net operating income $ 1,176,000 The company’s average operating assets were $7,000,000.Last year’s turnover was closest to:

  Select the choice that correctly uses APA style for in-tex…

  Select the choice that correctly uses APA style for in-text documentation.   The student is summarizing information from an online article, “Why Is There Peace?” The list of references also includes another article published in the same year by the same author, “My Genome, My Self.”   Pinker, S. (2009a, January 7). My genome, my self. The New York Times. https://www.nytimes.com/2009/01/11/magazine/11Genome-t.html   Pinker, S. (2009b, April 1). Why is there peace? Greater Good Magazine. https://greatergood.berkeley.edu/article/item/why_is_there_peace  

  Select the choice that correctly uses APA style for in-tex…

  Select the choice that correctly uses APA style for in-text documentation.   The student is summarizing a section from the following journal article:   Rocca, K. A., Martin, M. M., & Dunleavy, K. N. (2010). Siblings’ motives for talking to each other. The Journal of Psychology, 144, 205–219.