The following cost data for the year just ended pertain to sentiments, inc., a greeting card manufacturer: direct material $ 2,200,000 advertising expense 99,000 depreciation on factory building 116,000 direct labor: wages 465,000 cost of finished goods inventory at year-end 115,000 indirect labor: wages 141,000 production supervisor’s salary 46,000 service department costs* 100,000 direct labor: fringe benefits 120,000 indirect labor: fringe benefits 32,000 fringe benefits for production supervisor 11,000 total overtime premiums paid 55,000 cost of idle time: production employees§ 40,000 administrative costs 150,000 rental of office space for sales personnel† 15,000 sales commissions 6,000 product promotion costs 10,000 *all services are provided to manufacturing departments.§cost of idle time is an overhead item; it is not included in the direct-labor wages given above.†the rental of sales space was made necessary when the sales offices were converted to storage space for raw material. required: 1. compute each of the following costs for the year just endeda. total prime costsb. total manufacturing overhead costsc. total conversion costsd. total product costse. total period costs

Gary becker's controversial the economics of discrimination concludes that price discrimination has no effect on final profits. price discrimination benefits monopolies. labor discrimination in hiring results in more efficient allocations of production. discrimination in hiring practices has no effect on final profits. labor discrimination harms firms that practice it due to increased labor costs. price discrimination harms monopolies, which refutes over two centuries of economic theory.

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

Consider 8.5 percent swiss franc/u.s. dollar dual-currency bonds that pay $666.67 at maturity per sf1,000 of par value. it sells at par. what is the implicit sf/$ exchange rate at maturity? will the investor be better or worse off at maturity if the actual sf/$ exchange rate is sf1.35/$1.00