The following costs result from the production and sale of 4,900 drum sets manufactured by tight drums company for the year ended december 31, 2017. the drum sets sell for $340 each. the company has a 35% income tax rate. variable production costs plastic for casing $ 171,500 wages of assembly workers 490,000 drum stands 215,600 variable selling costs sales commissions 161,700 fixed manufacturing costs taxes on factory 6,000 factory maintenance 12,000 factory machinery depreciation 72,000 fixed selling and administrative costs lease of equipment for sales staff 12,000 accounting staff salaries 62,000 administrative management salaries 142,000 required: 1. prepare a contribution margin income statement for the company. 2. compute its contribution margin per unit and its contribution margin ratio.

Nell and kirby are in the process of negotiating their divorce agreement. what should be the tax consequences to nell and kirby if the following, considered individually, became part of the agreement? a. in consideration for her one-half interest in their personal residence, kirby will transfer to nell stock with a value of $200,000 and $50,000 of cash. kirby's cost of the stock was $150,000, and the value of the personal residence is $500,000. they purchased the residence three years ago for $300,000.nell's basis for the stock is $ xkirby's basis in the house is $ xb. nell will receive $1,000 per month for 120 months. if she dies before receiving all 120 payments, the remaining payments will be made to her estate. the payments (qualify, do not qualify) as alimony and are (included in, excluded from) nell's gross income as they are received. c. nell is to have custody of their 12-year-old son, bobby. she is to receive $1,200 per month until bobby (1) dies or (2) attains age 21 (whichever occurs first). after either of these events occurs, nell will receive only $300 per month for the remainder of her life.$ x per month is alimony that is (included in, excluded from) nell's gross income, and the remaining $ x per month is considered (child support, property settlement) and is (nontaxable, taxable) to nell.

Andy purchases only two goods, apples (a) and kumquats (k). he has an income of $125 and can buy apples at $5 per pound and kumquats at $5 per pound. his utility function is u(a, k) = 6a + 2k. what is his marginal utility for apples and his marginal utility for kumquats? andy's marginal utility for apples (mu subscript a) is mu subscript aequals 6 and his marginal utility for kumquats (mu subscript k) is

Lee earns $1,482 of interest in 270 days after making a deposit of $15,200. find the interest rate.