The massoud consulting group reported net income of $1,390,000 for its fiscal year ended december 31, 2018. in addition, during the year the company experienced a positive foreign currency translation adjustment of $420,000 and had unrealized losses on investment securities of $65,000. the company’s effective tax rate on all items affecting comprehensive income is 40%. each component of other comprehensive income is displayed net of tax.

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Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.