Daybook inc. budgeted production of 403,500 personal journals in 20y6. paper is required to produce a journal. assume six square yards of paper are required for each journal. the estimated january 1, 20y6, paper inventory is 40,400 square yards. the desired december 31, 20y6, paper inventory is 38,900 square yards. paper costs $0.40 per square yard. each journal requires assembly. assume that eight minutes are required to assemble each journal. assembly labor costs $13.00 per hour. prepare a cost of goods sold budget for daybook inc. using the information above. assume the estimated inventories on january 1, 20y6, for finished goods and work in process were $28,000 and $16,500, respectively. also assume the desired inventories on december 31, 20y6, for finished goods and work in process were $30,000 and $14,300, respectively. factory overhead was budgeted at $214,600. round your interim calculations to nearest cent, if required.

Identify the accounting assumption or principle that is described below. (a) select the accounting assumption or principle is the rationale for why plant assets are not reported at liquidation value. (note: do not use the historical cost principle.) (b) select the accounting assumption or principle indicates that personal and business record-keeping should be separately maintained. (c) select the accounting assumption or principle assumes that the dollar is the "measuring stick" used to report on financial performance. (d) select the accounting assumption or principle separates financial information into time periods for reporting purposes. (e) select the accounting assumption or principle measurement basis used when a reliable estimate of fair value is not available. (f) select the accounting assumption or principle dictates that companies should disclose all circumstances and events that make a difference to financial statement users.

Your subscription to investing wisely weekly is about to expire. you plan to subscribe to the magazine for the rest of your life, and you can renew it by paying $85 annually, beginning immediately, or you can get a lifetime subscription for $620, also payable immediately. assuming that you can earn 6.0% on your funds and that the annual renewal rate will remain constant, how many years must you live to make the lifetime subscription the better buy?

Kim davis is in the 40 percent personal tax bracket. she is considering investing in hca(taxable) bonds that carry a 12 percent interest rate. what is her after- tax yield(interest rate) on the bonds?