According to the public choice mode, how do policy makers arrive at their decisions?

the public choice model suggests that

a. policy makers will follow the preferences of the majority.
b. policymakers will take actions that are in the public interest.
c. policymakers will act to maximize government tax revenue.
d. policymakers will act randomly.
e. policymakers will take actions that are likely to result in their being re-elected.

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

The dollar value generated over decades of customer loyalty to your company is known as brand equity. viability. sustainability. luck.

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.