Babymart, inc. manufactures baby cribs and currently has fixed costs of $50,000 and a unit selling price of $315. babymart is expecting the unit variable cost of its baby cribs to increase from $90 to $115 due to an increase in prices by one of the company’s major raw materials suppliers. babymart plans to cut fixed costs by $5,000 but is going to hold the line on the unit selling price of its cribs. babymart currently has monthly net income of $40,000 on sales of 400 cribs. to maintain the same net income, babymart will need to sell an additional cribs per month.
a : 25
b : 10
c : 15
d : 35

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

At april 1, 2019, the food and drug administration is in the process of investigating allegations of false marketing claims by hulkly muscle supplements. the fda has not yet proposed a penalty assessment. hulkly’s fiscal year ends on december 31, 2018. the company’s financial statements are issued in april 2019. required: for each of the following scenarios, determine the appropriate way to report the situation. 1. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 2. management feels an assessment is reasonably possible, and if an assessment is made an unfavorable settlement of $13 million is probable. 3. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is reasonably possible. 4. management feels an assessment is probable, and if an assessment is made an unfavorable settlement of $13 million is probable.

phillips, inc. had the following financial data for the year ended december 31, 2019. cash $ 41,000 cash equivalents 75,000 long term investments 59,000 total current liabilities 149,000 what is the cash ratio as of december 31, 2019, for phillips, inc.? (round your answer to two decimal places.)