Julio and milania are owners of falcons corporation, an s corporation. they each own 50 percent of falcons corporation. in year 1, julio and milania each received distributions of $15,000 from falcons corporation. falcons corporation (an s corporation) income statement december 31, year 1 and year 2 year 1 year 2 sales revenue $ 300,000 $ 430,000 cost of goods sold (40,000 ) (60,000 ) salary to owners julio and milania (40,000 ) (80,000 ) employee wages (25,000 ) (50,000 ) depreciation expense (20,000 ) (40,000 ) section 179 expense (30,000 ) (50,000 ) interest income (related to business) 12,000 22,500 municipal bond income 1,500 4,000 government fines 0 (2,000 ) overall net income $ 158,500 $ 174,500 distributions $ 30,000 $ 50,000 what amount of ordinary income and separately stated items are allocated to them for year 1 based on the information above?

The sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. suppose firms announce the prices for their products in advance, based on an expected price level of 100 for the coming year. many of the firms sell their goods through catalogs and face high costs of reprinting if they change prices. the actual price level turns out to be 110. faced with high menu costs, the firms that rely on catalog sales choose not to adjust their prices. sales from catalogs will

Symantec corp., located in cupertino, california, is one of the world's largest producers of security and systems management software. the company's consolidated balance sheets for the 2009 and 2008 fiscal years included the following ($ in thousands): current assets: receivables, less allowances of $21,766 in 2009 and $24,089 in 2008 $ 838,010 $ 758,700 a disclosure note accompanying the financial statements reported the following ($ in thousands): year ended 2009 2008 (in thousands) trade accounts receivable, net: receivables $ 859,776 $ 782,789 less: allowance for doubtful accounts (8,938) (8,990) less: reserve for product returns (12,828) (15,099) trade accounts receivable, net: $ 838,010 $ 758,700 assume that the company reported bad debt expense in 2009 of $2,000 and had products returned for credit totaling $3,230 (sales price). net sales for 2009 were $6,174,800 (all numbers in thousands).required: what is the amount of accounts receivable due from customers at the end of 2009 and 2008? what amount of accounts receivable did symentec write off during 2009? what is the amount of symentec’s gross sales for the 2009 fiscal year? assuming that all sales are made on a credit basis, what is the amount of cash symentec collected from customers during the 2009 fiscal year?

Costs of production that do not change when output changes.question 17 options: total revenuefixed incometotal costfixed cost