Cyrano hired Roxanne to purchase a yacht. Cyrano did not want seller to know that he was the buyer because he was very rich and he thought that sellers would demand a higher price if they knew who the buyer was. So he instructed Roxanne to inform the sellers that she was acting on her own. Roxanne followed these instructions and she entered into a contract to purchase a yacht from Richard. However, Cyrano did not like the yacht that Roxanne had selected, and he refuses to pay the purchase price. Richard insists that Roxanne herself pay the purchase price. If Richard sues Roxanne to enforce the contract against her, what will be the outcome

Azster inc. recorded sales revenue for the year that ended december 31, 2014 as $67,000. interest revenue of $5,300 and expenses of $14,000 were also recorded for the same period. what is aster’s net profit or loss?

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Walsh company manufactures and sells one product. the following information pertains to each of the company’s first two years of operations: variable costs per unit: manufacturing: direct materials $ 25 direct labor $ 12 variable manufacturing overhead $ 5 variable selling and administrative $ 4 fixed costs per year: fixed manufacturing overhead $ 400,000 fixed selling and administrative expenses $ 60,000 during its first year of operations, walsh produced 50,000 units and sold 40,000 units. during its second year of operations, it produced 40,000 units and sold 50,000 units. the selling price of the company’s product is $83 per unit. required: 1. assume the company uses variable costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 2. assume the company uses absorption costing: a. compute the unit product cost for year 1 and year 2. b. prepare an income statement for year 1 and year 2. 3. reconcile the difference between variable costing and absorption costing net operating income in year 1.