Flamingo music produces 60,000 cds on which to record music. the cds have the following costs: direct materials $11,000 direct labor 15,000 variable overhead 3,000 fixed overhead 7,000 flamingo could avoid $6,000 in fixed overhead costs if it acquires the cds externally. if cost minimization is the major consideration and the company would prefer to buy the 60,000 units externally, what is the maximum external price that flamingo would expect to pay for the units?

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.