Pennsylvania company provided the following information regarding its only product--skateboards. direct materials used $200,000 direct labor 80,000 fixed overhead 200,000 fixed selling and administrative costs 190,000 variable overhead 20,000 variable selling and administrative 90,000 selling unit price 70 units produced and sold 10,000 is the gross margin (gross profit) if the absorption approach is used. a. $200,000 b. $390,000 c. $470,000 d. $450,000

In the nation of wiknam, the capital share of gdp is 40 percent, the average growth in output is 4 percent per year, the depreciation rate is 6 percent per year, and the capital–output ratio is 5. suppose that the production function is cobb–douglas and that wiknam has been in a steady state. (for a discussion of the cobb–douglas production function, see chapter 3.) a. what must the saving rate be in the initial steady state? [hint: use the steady state relationship, sy = (δ + n + g)k.] saving rate = s = %

Factors like the unemployment rate,the stock market,global trade,economic policy,and the economic situation of other countries have no influence on the financial status of individuals. true or false

Kevin and jenny, who are both working full-time, have three children all under the age of ten. the two youngest children, who are three and five years old, attended eastside pre-school for a total cost of $3,000. ervin, who is nine, attended big kid daycare after school at a cost of $2,000. jenny has earned income of $15,000 and kevin earns $14,000. what amount of childcare expenses should be used to determine the child and dependent care credit?