Todrick company is a merchandiser that reported the following information based on 1,000 units sold: sales . . . . . . . . . . . . . . . . . . . . $300,000 beginning merchandise inventory . . . . . . . $20,000 purchases . . . . . . . . . . . . . . . . . $200,000 ending merchandise inventory . . . . . . . . $7,000 fixed selling expense . . . . . . . . . . . . ? fixed administrative expense . . . . . . . . . $12,000 variable selling expense . . . . . . . . . . . $15,000 variable administrative expense . . . . . . . ? contribution margin . . . . . . . . . . . . . $60,000 net operating income . . . . . . . . . . . . $18,000

Suppose the price of frozen yogurt, a substitute for ice cream, increases. what happens to equilibrium price and quantity of ice cream? a. the price and quantity of ice cream both increase b. the price and quantity of ice cream both decrease c. the price of ice cream increases and the quantity decreases d. the price of ice cream decreases and the quantity increases

Oakmont company has an opportunity to manufacture and sell a new product for a four-year period. the company’s discount rate is 18%. after careful study, oakmont estimated the following costs and revenues for the new product: cost of equipment needed $ 230,000 working capital needed $ 84,000 overhaul of the equipment in year two $ 9,000 salvage value of the equipment in four years $ 12,000 annual revenues and costs: sales revenues $ 400,000 variable expenses $ 195,000 fixed out-of-pocket operating costs $ 85,000 when the project concludes in four years the working capital will be released for investment elsewhere within the company. click here to view exhibit 12b-1 and exhibit 12b-2, to determine the appropriate discount factor(s) using tables.

1. regarding general guidelines for the preparation of successful soups, which of the following statements is true? a. thick soups made with starchy vegetables may thin during storage. b. soups should be seasoned throughout the cooking process. c. finish a cream soup well before serving it to moderate the flavor. d. consommés take quite a long time to cool.