George Caloz & Freres located in Grenchen Switzerland makes prestige high-end custom watches in small lots One of the company s products a platinum diving watch, goes through an etching process The company has observed etching costs as follows over the last six weeks: Week Units Total Etching Cost
1 17 $26
2 11 $20
3 13 $24
4 12 $22
5 14 $25
6 17 $28
84 $145
For planning purposes, management would like to know the amount of variable etching cost per unit and the total fixed etching cost per week.
Required:
1. Prepare a scattergraph plot. (Place etching cost on the vertical axis and units on the horizontal axis.)
2.a. Using the least-square regression method, estimate the variable and fixed elements of etching cost.
Fixed cost
Variable Cost per unit
2.b. Express the cost data in (2a) above in the form Y = a + bX.
3. If the company processes fifteen units next week, what would be the expected total etching cost?
Variable cost
Fixed cost
Total expected cost $0.00

Which of the following statements is correct? a. two firms with identical sales and operating costs but with different amounts of debt and tax rates will have different operating incomes by definition. b. free cash flow (fcf) is, essentially, the cash flow that is available for interest and dividends after the company has made the investments in current and fixed assets that are necessary to sustain ongoing operations. c. retained earnings as reported on the balance sheet represent cash and, therefore, are available to distribute to stockholders as dividends or any other required cash payments to creditors and suppliers. d. if a firm is reporting its income in accordance with generally accepted accounting principles, then its net income as reported on the income statement should be equal to its free cash flow. e. after-tax operating income is calculated as ebit(1 - t) + depreciation.

In year 1, the bennetts' 25-year-old daughter, jane, is a full-time student at an out-of-state university but she plans to return home after the school year ends. in previous years, jane has never worked and her parents have always been able to claim her as a dependent. in year 1, a kind neighbor offers to pay for all of jane's educational and living expenses. which of the following statements is most accurate regarding whether jane's parents would be allowed to claim an exemption for jane in year 1 assuming the neighbor pays for all of jane's support? a.no, jane must include her neighbor's gift as income and thus fails the gross income test for a qualifying relative.b.yes, because she is a full-time student and does not provide more than half of her own support, jane is considered her parent's qualifying child.c.no, jane is too old to be considered a qualifying child and fails the support test of a qualifying relative.d.yes, because she is a student, her absence is considered as "temporary." consequently she meets the residence test and is a considered a qualifying child of the bennetts.

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