Zantaq Inc. has 5,400 machine hours available each month. The following information on the company's three products is available: Bookcases Chairs Side TablesContribution margin per unit$15.00 $18.00 $7.50 Machine hours per unit 3 2 1 The market demand is limited to 2,000 units of each of the three products. What is the maximum possible contribution margin that Zantaq could make in any month?
A. $51,000.
B. $43,000.
C. $46,500.
D. $81,000.
Answer: C
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If a 6% sales tax is recorded together with sales revenue in the sales account and the balance at the end of the month is $5,300, how much sales tax is payable?
A. $300 B. $280 C. $318 D. $600
Yen Nguyen's monthly net income from all sources less Social Security taxes is $3,000. This income is called ____ income.
A. ordinary B. gross C. disposable D. discretionary E. personal
Government securities money funds are structured to eliminate
A) interest rate risk. B) inflation risk. C) default risk. D) market risk.
Under the payback method and assuming these machines are mutually exclusive, which machine(s) would Dammon Corp. choose?
The Dammon Corp. has the following investment opportunities: Machine A Machine B Machine C ($10,000 cost) ($22,500 cost) ($35,500 cost) Inflows Inflows Inflows year 1 $ 6,000 year 1 $ 12,000 year 1 $ -0- year 2 3,000 year 2 7,500 year 2 30,000 year 3 3,000 year 3 1,500 year 3 5,000 year 4 -0- year 4 1,500 year 4 20,000 A) Machine A B) Machine B C) Machine C D) Machine A and B