NEIU Company has no beginning and ending inventories, and reports the following data about its only product: Direct materials used $350,000 Direct labor $175,000 Fixed indirect manufacturing $150,000 Fixed selling and administrative $125,000 Variable indirect manufacturing $100,000 Variable selling and administrative $75,000 Selling price(per unit) $100 Units produced and sold 20,000 NEIU Company uses the full absorption approach to prepare the income statement. What is the gross profit? A) $750,000B) $1,000,000C) $1,150,000D) $1,225,000

Read the following paragraph, and choose the best revision for one of its sentences. dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.

The purchasing agent for a company that assembles and sells air-conditioning equipment in a latin american country noted that the cost of compressors has increased significantly each time they have been reordered. the company uses an eoq model to determine order size. what are the implications of this price escalation with respect to order size? what factors other than price must be taken into consideration?

The uptowner just paid an annual dividend of $4.12. the company has a policy of increasing the dividend by 2.5 percent annually. you would like to purchase shares of stock in this firm but realize that you will not have the funds to do so for another four years. if you require a rate of return of 16.7 percent, how much will you be willing to pay per share when you can afford to make this investment?