Suppose terri has a 25% chance of becoming disabled in any given year. if she does become disabled, she will earn $0. if terri does not become disabled, she will earn her usual salary of $80,000. terri has the opportunity to purchase disability insurance for $20,000 which will pay her her full salary in the event she becomes disabled. terri's utility with the policy is and her expected utility without the policy is

The following cost and inventory data are taken from the accounting records of mason company for the year just completed: costs incurred: direct labor cost $ 90,000 purchases of raw materials $ 134,000 manufacturing overhead $ 205,000 advertising expense $ 45,000 sales salaries $ 101,000 depreciation, office equipment $ 225,000 beginning of the year end of the year inventories: raw materials $ 8,100 $ 10,300 work in process $ 5,900 $ 21,000 finished goods $ 77,000 $ 25,800 required: 1. prepare a schedule of cost of goods manufactured. 2. prepare the cost of goods sold section of mason company’s income statement for the year.