Cvp computations. garrett manufacturing sold 410,000 units of its product for $68 per unit in 2017. variable cost per unit is $60, and total fixed costs are $1,640,000.required: 1. calculate (a) contribution margin and (b) operating income.2. garrett’s current manufacturing process is labor intensive. kate schoenen, garrett’s production manager, has proposed investing in state-of-the-art manufacturing equipment, which will increase the ­annual fixed costs to $5,330,000. the variable costs are expected to decrease to $54 per unit. ­garrett expects to maintain the same sales volume and selling price next year. how would acceptance of schoenen’s proposal affect your answers to (a) and (b) in requirement 1? 3. should garrett accept schoenen’s proposal? explain.

Goods and services that can be used for the same purpose are and goods and services that are used together are

Miko willingly admits that she is not an accountant by training. she is concerned that her balance sheet might not be correct. she has provided you with the following additional information. 1. the boat actually belongs to miko, not to skysong, inc.. however, because she thinks she might take customers out on the boat occasionally, she decided to list it as an asset of the company. to be consistent, she also listed as a liability of the corporation her personal loan that she took out at the bank to buy the boat. 2. the inventory was originally purchased for $27,500, but due to a surge in demand miko now thinks she could sell it for $39,600. she thought it would be best to record it at $39,600. 3. included in the accounts receivable balance is $11,000 that miko loaned to her brother 5 years ago. miko included this in the receivables of skysong, inc. so she wouldn’t forget that her brother owes her money. (b) provide a corrected balance sheet for skysong, inc.. (hint: to get the balance sheet to balance, adjust stockholders’ equity.) (list assets in order of liquidity.)

The questions of economics address which of the following ? check all that apply