Minnesota prostate research labs, inc. (mprl), made an initial public offering of its shares in august 1998. it stated in its prospectus that research on laboratory animals indicated that the lab may have discovered a cure for prostate cancer in humans. mprl pointed out as well that results in animal testing did not necessarily mean that the same positive result would occur in humans. mprl shares initially traded at $10 per share in 1999 and rose to $18in august 2001,when the mprl prostate cancer drug was finally approved for sale to the public. tuttle reviewed the initial prospectus and analysts’ reports on the drug and purchased 10,000 shares at $18 per share on august 18, 2001. in september 2002, an independent study of the four leading prostate medicines indicated that mprls product was as effective as sugar pills in curing prostate cancer and other prostate symptoms. the price of mprl shares plummeted to $6 per share. tuttle is contemplating a rule 10b-5 securities fraud class-action lawsuit against mprl. advise him of his chances of success in this lawsuit and any expenses thathe would be exposed to other than the cost of his attorney.

Problem 2-18 job-order costing for a service company [lo2-1, lo2-2, lo2-3]speedy auto repairs uses a job-order costing system. the company's direct materials consist of replacement parts installed in customer vehicles, and its direct labor consists of the mechanics' hourly wages. speedy's overhead costs include various items, such as the shop manager's salary, depreciation of equipment, utilities, insurance, and magazine subscriptions and refreshments for the waiting room. the company applies all of its overhead costs to jobs based on direct labor-hours. at the beginning of the year, it made the following estimates: direct labor-hours required to support estimated output 10,000fixed overhead cost $ 90,000variable overhead cost per direct labor-hour $ 1.00 required: 1. compute the predetermined overhead rate.2. during the year, mr. wilkes brought in his vehicle to replace his brakes, spark plugs, and tires. the following information was available with respect to his job: direct materials $ 600direct labor cost $ 180direct labor-hours used 2 compute mr. wilkes' total job cost. 3. if speedy establishes its selling prices using a markup percentage of 30% of its total job cost, then how much would it have charged mr. wilkes?

Which of the following is an example of a production quota? a. the government sets an upper limit on the quantity that each dairy farmer can produce. b. the government sets a price floor in the market for dairy products. c. the government sets a lower limit on the quantity that each dairy farmer can produce. d. the government guarantees to buy a specified quantity of dairy products from farmers.

The green fiddle has declared a $5 per share dividend. suppose capital gains are not taxed, but dividends are taxed at 15 percent. new irs regulations require that taxes be withheld at the time the dividend is paid. green fiddle stock sells for $71.50 per share, and the stock is about to go ex-dividend. what will the ex-dividend price be?