Listed below are year-end account balances (in $ millions) taken from the records of symphony stores. debit credit accounts receivable–trade 730 building and equipment 920 cash–checking 34 interest receivable 30 inventory 16 land 150 notes receivable (long-term) 450 petty cash fund 5 prepaid rent 20 supplies 8 trademark 40 accounts payable–trade 560 accumulated depreciation 80 additional paid-in capital 485 allowance for uncollectible accounts 20 cash dividends payable 30 common stock, at par 15 income tax payable 65 notes payable (long-term) 800 retained earnings 308 deferred revenues 40 totals 2,403 2,403 what would symphony report as total current assets?
a. $843.
b. $823.
c. $1,696.
d. $838.

2. high-glow currently produces 1,000 bicycles per month. the following per unit data apply for sales to regular customers: direct materials $50 direct manufacturing labor 5 variable manufacturing overhead 14 fixed manufacturing overhead 10 total manufacturing costs $79 the plant is experiencing demand shortage and is considering reducing production to 800 bicycles. what is the per unit cost of producing 800 bicycles? a) $79 per unit b) $81.50 per unit c) $74 per unit d) $69 per unit

Profits from using currency options and futures.on july 2, the two-month futures rate of the mexican peso contained a 2 percent discount (unannualized). there was a call option on pesos with an exercise price that was equal to the spot rate. there was also a put option on pesos with an exercise price equal to the spot rate. the premium on each of these options was 3 percent of the spot rate at that time. on september 2, the option expired. go to the oanda.com website (or any site that has foreign exchange rate quotations) and determine the direct quote of the mexican peso. you exercised the option on this date if it was feasible to do so. a. what was your net profit per unit if you had purchased the call option? b. what was your net profit per unit if you had purchased the put option? c. what was your net profit per unit if you had purchased a futures contract on july 2 that had a settlement date of september 2? d. what was your net profit per unit if you sold a futures contract on july 2 that had a settlement date of september 2

Almeda products, inc., uses a job-order costing system. the company's inventory balances on april 1, the start of its fiscal year, were as follows: