The Minton Company has gathered the following information for a unit of its most popular product: Direct materials$6 Direct labor 3 Overhead (40% variable) 5 Cost to manufacture 14 Desired markup (50%) 7 Target selling price$21 The above cost information is based on 4,000 units. A foreign distributor has offered to buy 1,000 units at a price of $16 per unit. This special order would not disturb regular sales. Variable shipping and other selling expenses would be an additional $1 per unit for the special order. If the special order is accepted, Minton's operating profits will increase by:
A. $1,000.
B. $2,000.
C. $1,600.
D. $4,000.
Answer: D
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Identify the participial phrase in the sentence. I have read several good books describing the Cold War
When a note is to be paid in regular payments but also includes a final payment more than double the regular payments, the note is called:
a. an installment note b. a collateral note c. a payee note d. a maker note e. none of the other choices
When the budget of a government is recorded and Appropriations exceeds Estimated Revenues, the Budgetary Fund Balance account is:
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Stephanie owns a 25% interest in a qualifying S corporation. Stephanie's basis in the stock was $40,000 at the beginning of the year. Stephanie made no capital contributions and received no distributions during the year. Stephanie loaned the S corporation $10,000 this year. The S corporation incurred a $240,000 ordinary loss this year. Stephanie's deduction and carryover of the unused loss are
A)
B)
C)
D)
