Many corporations allow ceos to use their firm's corporate jet for personal travel. the internal revenue service (irs) requires that the firm report personal use of its corporate jet as taxable executive income, and the securities and exchange commission (sec) requires that publicly traded corporations report the value of this benefit to shareholders. a firm may use any of three valuation techniques. the irs values a ceo's personal flight at or below the price of a first-class ticket. the sec values the flight at the "incremental" cost of the flight: the additional costs to the corporation of the flight. the third alternative is the market value of chartering an aircraft. of the three methods, the first-class ticket is least expensive and the chartered flight is most expensive. what factors (such as fuel) determine the marginal explicit cost to a corporation of an executive's personal flight? explicit costs to a corporation of an executive's personal flight include.

Martinez manufacturing applies overhead based on direct labor hours. the company estimates that their overhead for the year will be $180,000, and that they will use 72,000 direct labor hours. during the year, martinez manufacturing actually used 75,000 direct labor hours and actual overhead costs were $190,000. at the end of the year, manufacturing overhead was: overapplied by $2,500. overapplied by $10,000. underapplied by $2,500. underapplied by $10,000.

Fanning company is considering the addition of a new product to its cosmetics line. the company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. relevant information and budgeted annual income statements for each of the products follow. skin cream bath oil color gel budgeted sales in units (a) 110,000 190,000 70,000 expected sales price (b) $8 $4 $11 variable costs per unit (c) $2 $2 $7 income statements sales revenue (a × b) $880,000 $760,000 $770,000 variable costs (a × c) (220,000) (380,000) (490,000) contribution margin 660,000 380,000 280,000 fixed costs (432,000) (240,000) (76,000) net income $228,000 $140,000 $204,000 required: (a) determine the margin of safety as a percentage for each product. (b) prepare revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume. (c) for each product, determine the percentage change in net income that results from the 20 percent increase in sales. (d) assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? (e) assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

:; )write a paragraph of two to three sentences and describe what will happen to a society that does not have a productive workforce?