Beckam paints makes and sells paint to home improvement stores. beckam's only plant can produce up to 16 million cans of paint per year. current annual production is 12 million cans. fixed manufacturing, selling, and administrative costs total $ 22.8 million per year. the variable cost of making and selling each can of paint is $ 5.70. stockholders expect a 20% annual return on the company's $ 42 million of assets. read the requirements requirement 1. what is beckam's current total cost of making and selling 12 million cans of paint? what is the current cost per can of paint? select the formula labels and enter the amounts to calculate beckam's current total cost and current cost per can of paint. (enter currency amounts in dollars, not in millions. enter unit values as whole numbers, not in millions. round all currency amounts to the nearest whole dollar and round the cost per unit to the nearest cent, $x. xx.)

To make a profit while benefiting humanity is an example of a mission statement that what

When an interest-bearing note comes due and is uncollectible, the journal entry includes debiting

The following balance sheet for the los gatos corporation was prepared by a recently hired accountant. in reviewing the statement you notice several errors. los gatos corporation balance sheet at december 31, 2018 assets cash $ 44,000 accounts receivable 86,000 inventories 57,000 machinery (net) 122,000 franchise (net) 32,000 total assets $ 341,000 liabilities and shareholders' equity accounts payable $ 54,000 allowance for uncollectible accounts 7,000 note payable 59,000 bonds payable 112,000 shareholders' equity 109,000 total liabilities and shareholders' equity $ 341,000 additional information: cash includes a $22,000 restricted amount to be used for repayment of the bonds payable in 2022. the cost of the machinery is $194,000. accounts receivable includes a $22,000 note receivable from a customer due in 2021. the note payable includes accrued interest of $7,000. principal and interest are both due on february 1, 2019. the company began operations in 2013. income less dividends since inception of the company totals $37,000. 52,000 shares of no par common stock were issued in 2013. 200,000 shares are authorized. required: prepare a corrected, classified balance sheet. (amounts to be deducted should be indicated by a minus sign.)