In the movie, "This History of Money," we saw that money was first developed as a medium of exchange

Nielson Corp. sells its product for $8,800 per unit. Variable costs per unit are: manufacturing, $4,800, and selling and administrative, $100. Fixed costs are: $24,000 manufacturing overhead, and $32,000 selling and administrative. There was no beginning inventory at 1/1/12. Production was 20 units per year in 2012 -2014. Sales was 20 units in 2012, 16 units in 2013, and 24 units in 2014. Income under absorption costing for 2013 is

a. $6,400. b. $11,200. c. $12,800. d. $17,600.

Midwest University has a new policy stating that all incoming freshman must purchase a laptop computer through the university's computer store. In order to forecast sales of laptops computers at Midwest University, which would be the most helpful?

a. A mail survey of incoming freshmen b. The number of high school seniors who have said they are coming to Midwest University c. Traffic counts outside the computer store d. A focus group of parents of high school seniors