The following information pertains to Diane Company. Assume that all balance sheet amounts represent both average and ending balance figures. Assume that all sales were on credit. Use this information to answer the question that follow. Assets Cash and short-term investments $38,612 Accounts receivable (net) 27,852 Inventory 27,691 Property, plant, and equipment 265,063 Total assets $359,218 Liabilities and Stockholders' Equity Current liabilities $67,177 Long-term liabilities 88,562 Stockholders' equity—Common 203,479 Total liabilities and stockholders' equity $359,218 Income Statement Net Sales $88,992 Cost of goods sold (35,597) Gross margin 53,395 Operating expenses (27,302) Interest expense (4,450) Net income $21,643 Number of shares of common stock outstanding 6,044 Market price of common stock $35 Total dividends paid $8,900 Cash provided by operations $38,612 Using the data provided for Diane Company, what is the return on total assets? a.8.5% b.9.5% c.7.3% d.7.0%

Suppose the money market is in the liquidity trap and the fed increases the supply of money. individuals would rather hold than because they expect that bond prices can go no

Dollywood corporation accumulates the following data concerning a mixed cost, using miles as the activity level. miles driven total cost january 10,000 $16,500 february 8,000 $14,500 march 9,000 $12,500 april 7,000 $12,000 compute the variable and fixed cost elements using the high-low method

Salty sensations snacks company manufactures three types of snack foods: tortilla chips, potato chips, and pretzels. the company has budgeted the following costs for the upcoming period: 1 factory depreciation $33,782.00 2 indirect labor 84,456.00 3 factory electricity 8,446.00 4 indirect materials 40,356.00 5 selling expenses 26,900.00 6 administrative expenses 17,200.00 7 total costs $211,140.00 factory overhead is allocated to the three products on the basis of processing hours. the products had the following production budget and processing hours per case: budgeted volume (cases) processing hours per case tortilla chips 3,600 0.25 potato chips 5,300 0.11 pretzels 2,300 0.49 total 11,200 required: a. determine the single plantwide factory overhead rate.* b. use the factory overhead rate in (a) to determine the amount of total and per-case factory overhead allocated to each of the three products under generally accepted accounting principles. refer to the amount descriptions list provided for the exact wording of the answer choices for text entries.* * if required, round your answers to the nearest cen