A manufacturer of motorcycle accessories wants to optimize the production schedule for its best-selling motorcycle stand. Below are relevant inputs: 2% of each month's new sales (anticipated new sales) will be returned for a refund (for a reason other than a defect). Assume that these returns will happen in the following month, and that in the month after that, the product can be sold as an "open-box" product. The company assesses holding costs on all items held in stock from month-to-month. This also applies to returns. The cost of holding products is always based on the current month's production cost, even if some of the products being held are returns from the previous month. The company assigns a 5% of monthly production cost to each item held in inventory between months. All demand from anticipated sales must be met on time and production capacity cannot be exceeded. Configure and run solver to find a production schedule that optimizes total costs. Initial inventory 50
Holding cost as % of prod. cost 5%
Returned Products 2%

Month 1 2 3 4 5 6
Production Cost/Unit $95 $105 $100 $80 $75 $95
Production Capacity 540 600 420 420 455 600
Anticipated new sales 400 450 550 600 400 350

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

What additional information about the numbers used to compute this ratio might be useful in you assess liquidity? (select all that apply) (a) the maturity schedule of current liabilities (b) the average stock price for the industry (c) the average current ratio for the industry (d) the amount of current assets that is concentrated in relatively illiquid inventories

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable