Identify the letters that should be capitalized or the words that should have a capital letter. mom and dad are driving to the east coast
Mom
Dad
East
Coast
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A company produces 400 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactures the circuit in-house but is considering outsourcing the circuits at a contract cost of $28 each. Currently, the cost of producing circuits in-house includes variable costs of $26 per circuit and fixed costs of $5000 per month. Assume the company could not reduce any fixed costs by outsourcing and that there is no alternative use for the facilities presently being used to make circuits. If the company outsources, operating income will ________.
A) increase by $11,200 B) decrease by $10,400 C) decrease by $800 D) stay the same
In a Chapter 7 proceeding, if the value of the debtor’s estate does not provide sufficient cash to pay all the creditors, it is given back to the debtor.
Answer the following statement true (T) or false (F)
On January 3, Kostansas Corporation purchased 5,000 shares of Morton, Inc. for $40 per share. These shares represent a 40% ownership in Morton, Inc. Prepare the journal entry Kostansas Corporation should record for the receipt of cash dividends of $2 per share from Morton on July 10.
What will be an ideal response?
Jared analyzed the income statement for his independent label and found that for every dollar of sales, 30 cents were spent on cost of goods sold. The gross profit per dollar was 70 cents. If 20 cents were spent on operating costs and 10 cents on taxes, what is the net profit per dollar?
A. 60 cents B. 40 cents C. 30 cents D. 20 cents