Sobota corporation has provided the following partial listing of costs incurred during august:

marketing salaries 51,700
property taxes, factory 18,900
adminstrative travel 100,800
sales commissions 50,000
indirect labor 45,000
direct materials 168,100
advertising 144,300
depreciation of production equipment 42,200
direct labor 90,800
required:

a. what is the total amount of product cost listed above?

b. what is the total amount of period cost listed above?

The following pertains to smoke, inc.’s investment in debt securities: on december 31, year 3, smoke reclassified a security acquired during the year for $70,000. it had a $50,000 fair value when it was reclassified from trading to available-for-sale. an available-for-sale security costing $75,000, written down to $30,000 in year 2 because of an other-than-temporary impairment of fair value, had a $60,000 fair value on december 31, year 3. what is the net effect of the above items on smoke’s net income for the year ended december 31, year 3?

Amajor advantage of case studies is

Calculate the required rate of return for climax inc., assuming that (1) investors expect a 4.0% rate of inflation in the future, (2) the real risk-free rate is 3.0%, (3) the market risk premium is 5.0%, (4) the firm has a beta of 2.30, and (5) its realized rate of return has averaged 15.0% over the last 5 years. do not round your intermediate calculations.