Donald, Inc. produces protective covers for cell phones. For last year, the company reported the following: Work in process inventory, January1 $13, 250 Work in process inventory, December 31 28, 250 Finished Goods Inventory, January 1 113,000 Finished Goods Inventory, December 31 85,000 Direct Materials Inventory, January 1 3,450 Direct Materials Inventory, December 31 2,700 Direct Materials Purchased 183,750 Direct Labor 138,000 Plant Depreciation 19,500 Salary, Production Supervisor 47,000 Indirect Labor 68,300 Utilities, Factory 15,700 Sales Commissions 42,000 Salary, Sales Supervisor 75,000 Depreciation, Factory Equipment 32,000 Administrative Expenses 168,000 Supplies (40% used in the factory, 60% used in the sales office) 18,000 Advertising Expense 43,600 Last year, the company produced 89,000 units and sold 90,500 units at $10.50 per unit Required: 1) Determine the cost of goods sold for the last year

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

Refer to the payoff matrix. suppose that speedy bike and power bike are the only two bicycle manufacturing firms serving the market. both can choose large or small advertising budgets. is there a nash equilibrium solution to this game?

Peppy knows a lot about marketing, but not much about the legal or financial aspects of starting a new business. he wants to consult with a lawyer and accountant, but his budget is tight with all of the expenses involved in getting peppy's pizzazzeria up and running. peppy should: trust his basic instincts and try to put it together without the advice of lawyers and accountants. delay talking with a lawyer and accountant until the business has established a positive cash flow for at least one year. immediately hire full-time lawyers and accountants for his staff. consult with a lawyer and accountant even though the budget is tight.