Sabino dropped out of school when he was 17 and started working for a construction company. He earns $11.89 per hour working 40 hours per week. Last year he earned $24,255. Now he wants to earn his GED so he can go to college and become a construction manager, which requires a bachelor’s degree. His potential job earnings are $72,500 annually. Sabino decides to continue working and attend night school. If he completes his degree and begins working as a construction manager at age 30, what will his lifetime earnings be? Include the time he spends working before he becomes a manager and assume he will retire at age 65.

$2,537,500

$2,852,815

$2,683,030

$3,480,000

Dodd corporation uses the weighted-average method in its process costing system. this month, the beginning inventory in the first processing department consisted of 400 units. the costs and percentage completion of these units in beginning inventory were:

Which statement best explains the relationship between points a and b? a. consumption reaches its highest point, and then supply begins to fall. b. inflation reaches its highest point, and then the economy begins to expand. c. production reaches its highest point, and then the economy begins to contract. d. unemployment reaches its highest point, and then inflation begins to decrease.

Solomon chemical company makes three products, b7, k6, and x9, which are joint products from the same materials. in a standard batch of 320,000 pounds of raw materials, the company generates 70,000 pounds of b7, 150,000 pounds of k6, and 100,000 pounds of x9. a standard batch costs $3,840,000 to produce. the sales prices per pound are $10, $14, and $20 for b7, k6, and x9, respectively. (a) allocate the joint product cost among the three final products using weight as the allocation base. (b) allocate the joint product cost among the three final products using market value as the allocation base. (c) allocate the joint product cost among the three final products using weight as the allocation base.