Power systems inc. manufactures jet engines for the united states armed forces on a cost-plus basis. the production cost of a particular jet engine is shown below: * direct materials = $200,000* direct labor = 150,000* manufacturing overhead: * supervisor's salary = 20,000* fringe benefits on direct labor = 15,000* depreciation = 12,000* rent = 11,000* total cost = $408,000if production of this engine was discontinued, the production capacity would be idle, and the supervisor would be laid off. the depreciation referred to above is for special equipment that would have no resale value and that does not wear out through use. when asked to bid on the next contract for this engine, the minimum unit price that power systems should bid is: 1) $408,000.2) $365,000.3) $397,000.4) $385,000.

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

Renaldo scanlon is a financial consultant. he earns $30 per hour and works 32.5 hours a week. what is his straight-time pay?

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors