Income statements under absorption costing and variable costing joplin industries inc. manufactures and sells high-quality sporting goods equipment under its highly recognizable j-sports logo. the company began operations on may 1 and operated at 100% of capacity (270,000 units) during the first month, creating an ending inventory of 24,000 units. during june, the company produced 246,000 garments during the month but sold 270,000 units at $300 per unit. the june manufacturing costs and selling and administrative expenses were as follows: number of units unit cost total cost manufacturing costs in june 1 beginning inventory: variable 24,000 $150.00 $ 3,600,000 fixed 24,000 32.80 787,200 total $182.80 $4,387,200 manufacturing costs in june: variable 246,000 $150.00 $36,900,000 fixed 246,000 36.00 8,856,000 total $186.00 $45,756,000 selling and administrative expenses in june: variable 270,000 $ 45.00 $12,150,000 fixed 270,000 3.60 972,000 total $ 48.60 $13,122,000 a. prepare an income statement according to the absorption costing concept for june. joplin industries inc. absorption costing income statement for the month ended june 30 $ cost of goods sold: $ $ $

Arriving and delivering a load of company executives for a business meeting at a destination far from home base requiring an overnight stay, a company’s pilot requested approval from the company finance office to pay to either have the company’s jet brought into the fbo's hangar overnight to protect it from a forecast snowfall or to have it de-iced by the fbo the following morning well-before scheduled departure. the company was under considerable financial pressure at the time, and the pilot’s requests were denied because of the cost. so, early the following morning, the pilot was up on the wing of the jet sweeping off an accumulation of snow and ice with a borrowed push broom in preparation for the scheduled departure with the executives, but slipped and fell to the ground, suffering a broken neck. the business was organized as a limited partnership, owned by 3 limited partners and one general partner. as a cost-saving measure, the company had dropped its workers’ compensation insurance before the accident. analyze the potential liability for the pilot’s injuries of each of the following, showing your reasoning clearly: the company the general partner the limited partners analyze how the outcome would have been different, if the business had been organized as a corporation and observed all of the formalities to legitimize its corporate status. analyze how the outcome would have been different, if the pilot had been covered by workers’ compensation insurance.

6carla would like to buy a dress, a dresser for her bedroom, and a home theater system. she has one month's worth of living expenses in her emergency fund. carla decides to save for the home theater system. did carla make the right decision? why or why not? a. yes; her emergency fund is full and the other items will probably be less expensive. b. yes; she could save more for her emergency fund, but the home theater will be harder to save for. c. no; she should save more for her emergency fund because she has saved less than the recommended amount. d. no; she should have bought the dress and dresser first because she could afford them right away. reset next

Zara, a global retail and apparel manufacturer based in spain that has successfully implemented this idea by having a continuous flow of new products that are typically limited in supply. zara has created a system that draws its clientèle into its stores, on average, 17 times per year as compared to 4 times per year for most stores. how is zara using it to gain competitive advantage? what specific technologies are used by zara to maintain this advantage over its competition?