Anongovernmental, not-for-profit organization received a $2 million gift from a donor who specified it to be used to create an endowment fund that would be invested in perpetuity. the income from the fund is to be used to support a specific program in the second year and beyond. an investment purchased with the gift earned $40,000 during the first year. at the end of the first year, the fair value of the investment was $2,010,000. what is the net effect on net assets with donor restrictions at year end?

Aquatic marine stores company manufactures special metallic materials and decorative fittings for luxury yachts that require highly skilled labor. aquatic uses standard costs to prepare its flexible budget. for the first quarter of the year, direct materials and direct labor standards for one of their popular products were as follows: direct materials: 3 pounds per unit; $ 6 per pound direct labor: 4 hours per unit; $ 19 per hour during the first quarter, aquatic produced 5 comma 000 units of this product. actual direct materials and direct labor costs were $ 65 comma 000 and $ 330 comma 000, respectively. for the purpose of preparing the flexible budget, calculate the total standard direct materials cost at a production volume of 5 comma 000 units.