Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows: Average Cost per Unit Direct materials $ 5.15 Direct labor $ 5.30 Variable manufacturing overhead $ 1.95 Fixed manufacturing overhead $ 8.00 Fixed selling expense $ 3.75 Fixed administrative expense $ 1.40 Sales commissions $ 0.60 Variable administrative expense $ 0.55 If the selling price is $26.00 per unit, the contribution margin per unit sold is closest to:

Which of the following statements is correct? a major disadvantage of a partnership relative to a corporation is the fact that federal income taxes must be paid by the partners rather than by the firm itself. in a typical partnership, liability for other partners’ misdeeds is limited to the amount of a particular partner’s investment in the business. true in a limited partnership, the limited partners have voting control, while the general partner has operating control over the business, and the limited partners are individually responsible, on a pro rata basis, for the firm’s debts in the event of bankruptcy. partnerships have more difficulty attracting large amounts of capital than corporations because of such factors as unlimited liability, the need to reorganize when a partner dies, and the illiquidity of partnership interests.

Security prices are set by active market participants. which of the following is not a consequnce of this fact? a. the market price will be set by the buyer who can take best advantage of the asset. b. the price is set by the buyer willing to pay the highest price. c. superior information about an asset can increase its value by reducing its risk. d. market participants have a strong incentive to reveal private information about a security.

Amanda is a certified public accountant. she wants to work as an auditor with a firm in the state of california. which accounting body must she get herself registered with? a. security and exchange commission b. financial institution regulating authority c. state board of accountancy d. government accounting standard board