Stu owns an ice cream parlor that is usually closed during the winter. this winter, however, stu is considering opening his business in february instead of march. if stu opens his store in february, he will earn total revenue of $4,000 for the month, incurring variable costs of $3,500 and fixed costs of $1,500. if the store remains closed during february, stu will earn no revenues and incur fixed costs of $1,500. stu should:
a) open in february because the $4,000 of total revenue exceeds the $3,500 of variable costs.
b) stay closed in february because the $500 of operating profit is insufficient to cover the $1,500 of fixed costs.
c) open in february because the $4,000 of total revenue exceeds the $1,500 of fixed costs.
d) stay closed in february because he will lose $1,000 if he opens.

Cosmetic profits. sally is the executive vice president of big name cosmetics company. through important and material, nonpublic information, she learns that the company is soon going to purchase a smaller chain of stores. it is expected that stock in big name cosmetics will rise dramatically at that point. sally immediately buys a number of shares of her company's stock. she also tells her friend alice about the expected purchase of stores. alice wanted to purchase stock in the company but lacked the funds with which to do so. although she did not have the funds in bank a, alice decided to draw a check on bank a and deposit the check in bank b and then proceed to write a check on bank b to cover the purchase of the stock. she hoped that she would have sufficient funds to deposit before the check was presented for payment. of which of the following offenses, if any, is alice guilty of by buying stock?

The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?

Kinc. has provided the following data for the month of may: inventories: beginning ending work in process $ 17,000 $ 12,000 finished goods $ 46,000 $ 50,000 additional information: direct materials $ 57,000 direct labor cost $ 87,000 manufacturing overhead cost incurred $ 63,000 manufacturing overhead cost applied to work in process $ 61,000 any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. the adjusted cost of goods sold that appears on the income statement for may is: