Santana Rey, owner of Business Solutions, decides to diversify her business by also manufacturing computer workstation furniture. Required:
a. Classify the following manufacturing costs of Business Solutions as (a) variable or fixed and (b) direct or indirect.
b. Prepare a schedule of cost of goods manufactured for Business Solutions for the month ended January 31, 2020. Assume the following manufacturing costs: (Please note that the fourth line is to be left blank.)

1. Direct materials: $2,000
2. Factory overhead: $550
3. Direct labor: $900
4. Beginning work in process: none (December 31, 2019)
5. Ending work in process: $540 (January 31, 2020)
6. Beginning finished goods inventory: none (December 31, 2019)
7. Ending finished goods inventory: $360 (January 31, 2020)

c. Prepare the cost of goods sold section of a partial income statement for Business Solutions for the month ended January 31, 2020. (Please note that the third line is to be left blank.)

If a firm plans to issue new stock, flotation costs (investment bankers' fees) should not be ignored. there are two approaches to use to account for flotation costs. the first approach is to add the sum of flotation costs for the debt, preferred, and common stock and add them to the initial investment cost. because the investment cost is increased, the project's expected return is reduced so it may not meet the firm's hurdle rate for acceptance of the project. the second approach involves adjusting the cost of common equity as follows: . the difference between the flotation-adjusted cost of equity and the cost of equity calculated without the flotation adjustment represents the flotation cost adjustment. quantitative problem: barton industries expects next year's annual dividend, d1, to be $1.90 and it expects dividends to grow at a constant rate g = 4.3%. the firm's current common stock price, p0, is $22.00. if it needs to issue new common stock, the firm will encounter a 6% flotation cost, f. assume that the cost of equity calculated without the flotation adjustment is 12% and the cost of old common equity is 11.5%. what is the flotation cost adjustment that must be added to its cost of retaine

Which of the following is not a consideration when determining your asset allocation

Match each item to check for while reconciling a bank account with the document to which it relates.(there's not just one answer)1. balancing account statement2. balancing check registera. nsf feesb. deposits in transitc. interest earnedd. bank errors