Kevin is the financial manager of levingston bmw. the shop allows employees to purchase up to two vehicles per year at a discount. levingston’s average gross profit percentage is 15 percent. this year kevin purchased a 530 model and a new m3. model fmv dealer cost employee price 530 $63,600 $50,600 $54,300 m3 $71,800 $60,600 $57,600 what amount must kevin include in income? kevin is the financial manager of levingston bmw. the shop allows employees to purchase up to two vehicles per year at a discount. levingston’s average gross profit percentage is 15 percent. this year kevin purchased a 530 model and a new m3. model fmv dealer cost employee price 530 $63,600 $50,600 $54,300 m3 $71,800 $60,600 $57,600 what amount must kevin include in income?

Aborrower takes out a 30-year adjustable rate mortgage loan for $200,000 with monthly payments. the first two years of the loan have a "teaser" rate of 4%, after that, the rate can reset with a 5% annual payment cap. on the reset date, the composite rate is 6%. what would the year 3 monthly payment be?

Aaron corporation, which has only one product, has provided the following data concerning its most recent month of operations: selling price $ 102 units in beginning inventory 0 units produced 4,900 units sold 4,260 units in ending inventory 640 variable costs per unit: direct materials $ 20 direct labor $ 41 variable manufacturing overhead $ 5 variable selling and administrative expense $ 4 fixed costs: fixed manufacturing overhead $ 64,200 fixed selling and administrative expense $ 2,900 the total contribution margin for the month under variable costing is:

Bandar industries berhad of malaysia manufactures sporting equipment. one of the company’s products, a football helmet for the north american market, requires a special plastic. during the quarter ending june 30, the company manufactured 35,000 helmets, using 22,500 kilograms of plastic. the plastic cost the company $171,000. according to the standard cost card, each helmet should require 0.6 kilograms of plastic, at a cost of $8 per kilogram. 1. what is the standard quantity of kilograms of plastic (sq) that is allowed to make 35,000 helmets? 2. what is the standard materials cost allowed (sq x sp) to make 35,000 helmets? 3. what is the materials spending variance? 4. what is the materials price variance and the materials quantity variance?