Margaret lindley paid $15,170 of interest on her $301,700 acquisition debt for her home (fair market value of $501,700), $4,170 of interest on her $30,170 home-equity loan, $1,170 of credit card interest, and $3,170 of margin interest for the purchase of stock. assume that margaret lindley has $10,170 of interest income this year and no investment expenses. how much of the interest expense may she deduct this year?

Shelby company produces three products: product x, product y, and product z. data concerning the three products follow (per unit): product x product y product z selling price $ 85 $ 65 $ 75 variable expenses: direct materials 25.50 19.50 5.25 labor and overhead 25.50 29.25 47.25 total variable expenses 51.00 48.75 52.50 contribution margin $ 34.00 $ 16.25 $ 22.50 contribution margin ratio 40 % 25 % 30 % demand for the company’s products is very strong, with far more orders each month than the company can produce with the available raw materials. the same material is used in each product. the material costs $8 per pound, with a maximum of 4,400 pounds available each month. required: a. compute contribution margin per pound of materials used. (round your intermediate calculations and final answers to 2 decimal places.) contribution margin per pound product x $ product y $ product z $ b. which orders would you advise the company to accept first, those for product x, for product y, or for product z? which orders second? third? product x product y product z

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Why should managers invest any excess cash