Hanson, inc makes 1,000 units per year of a part called a "prositron" for use in one of its products. data concerning the unit production costs of the prositron follow: direct materials $342 direct labor 80 varible manufacturing oh 48 fixed manufacturing oh 520 total $990 an outside supplier has offered to sell hanson, inc. all of the prositrons it requires. if hanson, inc. decided to discontinue making the prositrons, 10% of the above fixed manufacturing overhead costs could be avoided. required: assume hanson, inc. has no alternative use for the facillities presently devoted to production of the prositrons. if the outside supplier offers to sell the prositrons for $850 each, should hanson, inc accept the offer? fully support your answer with appropriate calculation.

According to the law of demand, there is an inverse relationship between price and quantity demanded. that is, the demand curve for goods and services slopes downward. why?

Trecek corporation incurs research and development costs of $625,000 in 2017, 30 percent of which relate to development activities subsequent to ias 38 criteria having been met that indicate an intangible asset has been created. the newly developed product is brought to market in january 2018 and is expected to generate sales revenue for 10 years. assume that a u.s.–based company is issuing securities to foreign investors who require financial statements prepared in accordance with ifrs. thus, adjustments to convert from u.s. gaap to ifrs must be made. ignore income taxes. required: (a) prepare journal entries for research and development costs for the years ending december 31, 2017, and december 31, 2018, under (1) u.s. gaap and (2) ifrs. (c) prepare the entry(ies) that trecek would make on the december 31, 2017, and december 31, 2018, conversion worksheets to convert u.s. gaap balances to ifrs.

Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period