The following income statement was drawn from the records of Munoz Company, a merchandising firm: MUNOZ COMPANY Income Statement For the Year Ended December 31, Year 1 Sales revenue (4,500 units × $170) $ 765,000 Cost of goods sold (4,500 units × $82) (369,000 ) Gross margin 396,000 Sales commissions (5% of sales) (38,250 ) Administrative salaries expense (88,000 ) Advertising expense (34,000 ) Depreciation expense (43,000 ) Shipping and handling expenses (4,500 units × $1) (4,500 ) Net income $ 188,250

Which of the following statements is true regarding the reporting of outside interests and the management of conflicts? investigators are responsible for developing their own management plans for significant financial interests. the institution must report identified financial conflicts of interest to the u.s. office of research integrity. investigators must disclose their significant financial interests related to their institutional responsibilities and not just those related to a particular project. investigators must disclose all of their financial interests regardless of whether they are related to a research project.

Kim davis is in the 40 percent personal tax bracket. she is considering investing in hca(taxable) bonds that carry a 12 percent interest rate. what is her after- tax yield(interest rate) on the bonds?

Which of the following describes a situation of scarcity? a. someone offers free advice about getting into college. b. someone distributes free bottles of water at the beach. c. a child charges friends for a ride on his new bike. d. a person lets the kids in the neighborhood use his pool.