On september 30 of the current year, a u. s. company entered into a futures contract to hedge the value of itsinventory. the inventory was reported on the balance sheet at its cost of $250,000 on september 30. ondecember 31, the market value of the inventory had decreased to $175,000. the entity had a gain of$74,500 on the futures contract at december 31. what is the proper accounting for this hedging transactionon the december 31 year-end financial statements, assuming that the hedge is considered to be highlyeffective? a. other comprehensive income will increase by $74,500.b. other comprehensive income will decrease by $500.c. net income will increase by $74,500.d. net income will decrease by $500.

Max fischer is a beekeeper. his annual group insurance costs 11,700. his employer pays 60% of the cost. how much does max pay semimonthly for it?

He taylor company sells music systems. each music system costs the company $100 and will be sold to the public for $250. in year one, the company sells 100 gift cards to customers for $250 each ($25,000 in total). these cards are valid for just one year, and company officials expect them to all be redeemed. in year two, only 96 of the cards are returned. what amount of net income does the company report for year two in connection with these cards? a. $15,000b. $15,400c. $15,500d. $15,800

Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?