Rose project is a nongovernmental not-for-profit entity established to runaway children. every year, rose holds a charity benefit at which participants are asked to make pledges. this year, rose received the following pledges: unrestricted $500,000 restricted for counseling programs 200,000 the pledges are legally binding and are expected to be received within the next 12 months. rose estimates that 5% of the pledges will be uncollectible. at what amount should the pledges be reported on rose’s statement of financial position as pledges receivable?

a. $700,000
b. $665,000
c. $475,000
d. $190,000

The law says your employer is responsible for providing you with a safe and healthy workplace. true or false?

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Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.