The Golden Gate Bridge charges $8.20 for passenger cars and a whopping $32.80 for large trucks. Suppose that during the daytime 80% of all vehicles are passenger cars, the others are trucks, and that each car is independent of every other. If 25 vehicles cross the bridge during a particular hour of the day, what is the expected toll revenue for that hour

Highland company produces a lightweight backpack that is popular with college students. standard variable costs relating to a single backpack are given below

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?

Double corporation acquired all of the common stock of simple company for