Shell, Inc. uses the indirect method to prepare the statement of cash flows. Refer to the following section of the comparative balance sheet: Shell, Inc. Comparative Balance Sheet December 31, 2018 and 2017 Increase/(Decrease) $17,000 (23,000) 57,000 $51,000 2018 2017 Cash $42,000 32,000 180,000 $254,000 $25,000 55,000 123.000 $203,000 Accounts Receivable Merchandise Inventory Total Assets The change in Accounts Receivable is shown as a negative cash flow in the adjustments to net income True False

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

What is the state tax rate for a resident of arizona whose annual taxable income is $18,000?

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z