A company reports the following GAAP income statement: Income Statement (GAAP) ($ in millions) 2019A

Revenue 654
Operating expenses 254
Operating profit 400
Interest expense 14
Other expenses 3
Pretax profit 383
Taxes 77
Net income 306

In addition to the GAAP income statement, the company provided a 2019 non-GAAP disclosure identifying:

$12 million in stock-based compensation expense
$7 million in restructuring expenses
$5 million gain on sale

Assuming the company’s effective tax rate applies to non-GAAP items, estimate 2019 non-GAAP net income:

a. $295 million
b. $317 million
c. $323 million
d. $325 million

Calvin works at a facility which processes apples. it costs the facility $0.68 to make either a jar of applesauce or a bottle of apple juice. due to the nature of the process and contractual agreements, calvin's facility must make and sell three jars of applesauce for every two bottles of apple juice. a jar of applesauce sells for $2.20, and a bottle of apple juice sells for $3.15. if the facility has annual overhead costs of $368,500, not including production costs, how many bottles of apple juice will the facility have sold when it breaks even every year? round to the nearest whole bottle, if necessary.

Alandowner entered into a written agreement with a real estate broker whereby the broker would receive a commission of 10% of the sale price if he procured a "ready, willing, and able buyer" for the landowner's property and if the sale actually proceeded through closing. the broker found a buyer who agreed in writing to buy the property from the landowner for $100,000, the landowner's asking price. the buyer put up $6,000 as a down payment. the agreement between the landowner and the buyer contained a liquidated damages clause providing that, if the buyer defaulted by failing to tender the balance due of $94,000 at the closing date, damages would be 10% of the purchase price. the landowner included that clause because she was counting on using the proceeds of the sale for a business venture that would likely net her at least $10,000. the buyer became seriously ill and defaulted. when he recovered, he demanded that the landowner return his $6,000, and the landowner refused. the broker also demanded the $6,000 from the landowner and was refused. the broker and the buyer filed separate suits against the landowner, with the buyer pleading impossibility of performance. the two cases are consolidated into a single case. how should the court rule as to the disposition of the $6,000?

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?