Smoothit inc is facing a problem with their 4th quarter absorption costing net operating income on december 23rd. the net operating income target is $2,000,000 and the data so far is as follows :
sales revenue : $25,000,000 ($500 per unit)
variable cost of goods sold : $10,000,000 ($200 per unit )
fixed overhead : $12,000,000
fixed selling and adminstrative : $2,000,000
variable selling and admin : 4% commission on sales
smoothit has a policy of having 0 inventories at the end of each quarter. no further sales are possible during the year and all the units that have been produced so far have been sold. the ceo is planning to produce items for inventory to meet net operating income target .
question : how many units need to be produced for inventory to meet net operating income target if sales commission is left unchanged at 4% ?
a) 4,054 b) 30,000 c) 10,000 d) 15,000 e) none

Uestion 7 you hold a portfolio consisting of a $5,000 investment in each of 20 different stocks. the portfolio beta is equal to 1.12. you have decided to sell a coal mining stock (b = 1.00) at $5,000 net and use the proceeds to buy a like amount of a mineral rights company stock (b = 2.00). what is the new beta of the portfolio?

9. tax types: taxes are classified based on whether they are applied directly to income, called direct taxes, or to some other measurable performance characteristic of the firm, called indirect taxes. identify each of the following as a “direct tax,” an “indirect tax,” or something else: a. corporate income tax paid by a japanese subsidiary on its operating income b. royalties paid to saudi arabia for oil extracted and shipped to world markets c. interest received by a u.s. parent on bank deposits held in london d. interest received by a u.s. parent on a loan to a subsidiary in mexico e. principal repayment received by u.s. parent from belgium on a loan to a wholly owned subsidiary in belgium f. excise tax paid on cigarettes manufactured and sold within the united states g. property taxes paid on the corporate headquarters building in seattle h. a direct contribution to the international committee of the red cross for refugee relief i. deferred income tax, shown as a deduction on the u.s. parent’s consolidated income tax j. withholding taxes withheld by germany on dividends paid to a united kingdom parent corporation

When partners own different portions of the business, the terms should be stated clearly in what document? the articles of incorporation the executive summary the business summary the partnership agreement