Problem 16-50 prepare flexible budget (lo 16-2) odessa, inc., reports the following information concerning operations for the most recent month: actual (based on actual of 540 units) master budget (based on budgeted 600 units) sales revenue $ 88,320 $ 96,000 less manufacturing costs direct labor 13,632 14,400 materials 11,520 13,440 variable overhead 7,872 9,600 marketing 5,088 5,760 administrative 4,800 4,800 total variable costs $ 42,912 $ 48,000 contribution margin $ 45,408 $ 48,000 fixed costs manufacturing 4,665 4,800 marketing 9,984 9,600 administrative 9,561 9,600 total fixed costs $ 24,210 $ 24,000 operating profits $ 21,198 $ 24,000

Money aggregates identify whether each of the following examples belongs in m1 or m2. if an example belongs in both, be sure to check both boxes. example m1 m2 gilberto has a roll of quarters that he just withdrew from the bank to do laundry. lorenzo has $25,000 in a money market account. neha has $8,000 in a two-year certificate of deposit (cd).

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers. b) may not accept the offer because it is considered lavish entertainment. c) must obtain written consent from batts brothers before accepting the offer.

land, a building and equipment are acquired for a lump sum of $ 1,000,000. the market values of the land, building and equipment are $ 300,000, $ 800,000 and $ 300,000, respectively. what is the cost assigned to the equipment? (do not round any intermediary calculations, and round your final answer to the nearest dollar.)