Hayes manufacturing company's accounting records reflect the following inventories dec. 31, 2018 dec. 31, 2017 raw materials inventory $240,000 $200,000 work in process inventory 190, 000 1 80,000 finished goods inventory 150,000 140,000 during 2018, $500,000 of raw materials were purchased, direct labor costs amounted to $500,000, and manufacturing overhead incurred was $550,000. hayes manufacturing company's total manufacturing costs incurred in 2018 amounted to select one: a. $1,510,000. b. $1,750,000 c. $1,550,000. d. $1,500,000

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?

Afirm is producing at minimum average total cost with its current plant. draw the firm's long-run average cost curve. label it. draw a point on the lrac curve at which the firm cannot lower its average total cost. draw the firm's short-run average total cost curve that is consistent with the point you have drawn. label it. g

In its first year of operations, sunland company recognized $30,000 in service revenue, $8,100 of which was on account and still outstanding at year-end. the remaining $21,900 was received in cash from customers. the company incurred operating expenses of $18,600. of these expenses, $12,880 were paid in cash; $5,720 was still owed on account at year-end. in addition, sunland prepaid $3,270 for insurance coverage that would not be used until the second year of operations. (a) calculate the first year's net earnings under the cash basis of accounting, and the first year's net earnings under the accrual basis of accounting.