Prime industries acquired a 70 percent interest in suburbia company by purchasing 14,000 of its 20,000 outstanding shares of common stock at book value of $210,000 on january 1, 2016. suburbia reported net income in 2016 of $90,000 and in 2017 of $120,000 earned evenly throughout the respective years. prime received $24,000 dividends from suburbia in 2016 and $36,000 in 2017. prime uses the equity method to record its investment. prime should record investment income from suburbia during 2017 of:
a. $210,000
b. $285,000
c. $297,000
d. $315,000

Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities. required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.

As a general rule, when accountants calculate profit they account for explicit costs but usually ignorea. certain outlays of money by the firm. b. implicit costs. c. operating costs. d. fixed costs.