The Great East Japan Earthquake of 2011 was centered off of the Pacific coast of which region of Japan?

Sherman Hats, Inc has two product lines—batting helmets and football helmets

The income statement data for the most recent year is as follows: Total Batting Helmets Football Helmets Sales revenue $930,000 $600,000 $330,000 Variable costs (550,000 ) (250,000 ) (300,000 ) Contribution margin $380,000 $350,000 $30,000 Fixed costs (172,000 ) (80,000 ) (92,000 ) Operating income (loss) $208,000 $270,000 $(62,000 ) Assuming the football helmets line is dropped, total fixed costs remain unchanged, and the space formerly used to produce the line is rented for $110,000 per year, how will operating income be affected? A) Operating income will increase by $80,000. B) Operating income will increase by $30,000. C) Operating income will decrease by $30,000. D) Operating income will decrease by $80,000.

Which of the following best describes the primary reason an independent auditor reports on financial statements?

A) To give stockholders some assurance that any fraudulent activities will be detected. B) To identify a poorly designed internal control structure that may produce unreliable financial statements. C) To provide expertise to management, which may not be totally knowledgeable of prevailing GAAP. D) To add credibility, where appropriate, since management may not be perceived as objective with respect to its own financial statements.