Lanni products is a start-up computer software development firm. it currently owns computer equipment worth $30,000 and has cash on hand of $20,000 contributed by lanni's owners. lanni takes out a bank loan. it receives $50,000 in cash and signs a note promising to pay back the loan over three years. lanni uses the cash from the bank plus $20,000 of its own funds to finance the development of new financial planning software. lanni sells the software product to microsoft, which will market it to the public under the microsoft name. lanni accepts payment in the form of 2,000 shares of microsoft stock. lanni sells the shares of stock for $70 per share and uses part of the proceeds to pay off the bank loan. a-1. prepare its balance sheet just after it gets the bank loan. a-2. what is the ratio of real assets to total assets? (round your answer to 1 decimal place.)b-1. prepare the balance sheet after lanni spends the $70,000 to develop its software product. b-2. what is the ratio of real assets to total assets? c-1. prepare the balance sheet after lanni accepts the payment of shares from microsoft.

Sweeten company had no jobs in progress at the beginning of march and no beginning inventories. the company has two manufacturing departments--molding and fabrication. it started, completed, and sold only two jobs during march—job p and job q. the following additional information is available for the company as a whole and for jobs p and q (all data and questions relate to the month of march): molding fabrication total estimated total machine-hours used 2,500 1,500 4,000 estimated total fixed manufacturing overhead $ 10,000 $ 15,000 $ 25,000 estimated variable manufacturing overhead per machine-hour $ 1.40 $ 2.20 job p job q direct materials $ 13,000 $ 8,000 direct labor cost $ 21,000 $ 7,500 actual machine-hours used: molding 1,700 800 fabrication 600 900 total 2,300 1,700 sweeten company had no underapplied or overapplied manufacturing overhead costs during the month. required: for questions 1-8, assume that sweeten company uses a plantwide predetermined overhead rate with machine-hours as the allocation base. for questions 9-15, assume that the company uses departmental predetermined overhead rates with machine-hours as the allocation base in both departments. 1. what was the company’s plantwide predetermined overhead rate? (round your answer to 2 decimal places.) next

Dakota products has a production budget as follows: may, 16,000 units; june, 19,000 units; and july, 24,000 units. each unit requires 3 pounds of raw material and 2 direct labor hours. dakota desires to keep an inventory of 10% of the next month’s requirements on hand. on may, 1 there were 4,800 pounds of raw material in inventory. direct labor hours required in may would be:

The demand curve determines equilibrium price in a market. is a graphical representation of the relationship between price and quantity demanded. depicts the relationship between production costs and output. is a graphical representation of the relationship between price and quantity supplied.