The following information comes from the accounting records for Chelsea, Inc., for May. Direct materials inventory, May 1 $ 17,300 Direct materials inventory, May 31 15,000 Work-in-process inventory, May 1 9,700 Work-in-process inventory, May 31 5,500 Finished goods inventory, May 1 54,200 Finished goods inventory, May 31 72,000 Direct materials purchased during May 84,200 Direct labor costs, May 59,400 Manufacturing overhead, May 80,900 Required: a. Compute the total prime costs for the month of May. b. Compute the total conversion costs for the month of May. c. Compute the total manufacturing costs for the month of May. d. Compute the cost of goods manufactured for the month of May. e. Compute the cost of goods sold for the month of May.

Emil motycka is considered an entrepreneur because

Which of the following best describes why you need to establish goals for your program?

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above