A local hardware store rents tools by the hour. It estimates its cost per hour to obtain and maintain a typical tool is $12/hour. It rents the tools for $30 an hour. It is growing concerned about customers not showing up after making a tool reservation. (This store’s hallmark is being very friendly, so it does not want to institute a penalty for a no-show). It is considering adopting an overbooking strategy. If an overbooked guest shows up to rent tools and all the tools are taken, the store has an agreement with another local hardware store where they help each other by providing the tools to each other for cost (or $12). Over the past 20 days, it has found the following no-show pattern. The number represents how many days out of the 15, that many no-shows occurred.

Match each feature with the savings account type

An annuity that goes on indefinitely is called a perpetuity. the payments of a perpetuity constitute a/an series. the equation is: a stock with no maturity is an example of a perpetuity. quantitative problem: you own a security that provides an annual dividend of $170 forever. the security’s annual return is 9%. what is the present value of this security? round your answer to the nearest cent. $

Ida sidha karya company is a family-owned company located on the island of bali in indonesia. the company produces a handcrafted balinese musical instrument called a gamelan that is similar to a xylophone. the gamelans are sold for $860. selected data for the company’s operations last year follow: units in beginning inventory 0 units produced 320 units sold 285 units in ending inventory 35 variable costs per unit: direct materials $ 135 direct labor $ 355 variable manufacturing overhead $ 30 variable selling and administrative $ 15 fixed costs: fixed manufacturing overhead $ 64,000 fixed selling and administrative $ 27,000 the absorption costing income statement prepared by the company’s accountant for last year appears below: sales $ 245,100 cost of goods sold 205,200 gross margin 39,900 selling and administrative expense 31,275 net operating income $ 8,625 required: 1. under absorption costing, how much fixed manufacturing overhead cost is included in the company's inventory at the end of last year? 2. prepare an income statement for last year using variable costing. what is the amount of the difference in net operating income between the two costing methods?