Stone age surfboards is a small manufacturer of two types of popular low-tide surfboards, the graystone and the lava models. the manufacturing process consists of two departments: fabrication and finishing. the fabrication department has 8 skilled workers, each of whom works 9.25 hours per day. the finishing department has 5 workers, each of whom works a 6-hour shift per day. each pair of graystone surfboards requires 2.5 labor hours in the fabrication department and 2 labor hours in finishing. the lava model requires 4.2 labor-hours in fabrication and 3.6 labor-hours in finishing. the company operates 6 days a week. it makes a per unit profit of $40 on the graystone model and $60 on the lava model. what is the total profit generated and the value of slack obtained from the answer report?

Being an expert problem solver is something you're either born with or not. true or false

Chance company had two operating divisions, one manufacturing farm equipment and the other office supplies. both divisions are considered separate components as defined by generally accepted accounting principles. the farm equipment component had been unprofitable, and on september 1, 2018, the company adopted a plan to sell the assets of the division. the actual sale was completed on december 15, 2018, at a price of $600,000. the book value of the division’s assets was $1,000,000, resulting in a before-tax loss of $400,000 on the sale. the division incurred a before-tax operating loss from operations of $130,000 from the beginning of the year through december 15. the income tax rate is 40%. chance’s after-tax income from its continuing operations is $350,000. required: prepare an income statement for 2018 beginning with income from continuing operations. include appropriate eps disclosures assuming that 100,000 shares of common stock were outstanding throughout the year. (amounts to be deducted should be indicated with a minus sign. round eps answers to 2 decimal places.)

Monica needs to assess the slide sequence and make quick changes to it. which view should she use in her presentation program? a. outline b. slide show c. slide sorter d. notes page e. handout