I saw several ________(monkey) and ________(ox) at the zoo
A) monkeys/oxes
B) monkies/oxen
C) monkeys/oxen
D) monkies/oxes
Answer: C
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Boylan Company manufactures two products—toaster ovens and bread machines
The following data are available: Toaster Ovens Bread Machines Sales price $60 $150 Variable costs $30 $50 Boylan can manufacture six toaster ovens per machine hour and four bread machines per machine hour. Boylan's production capacity is 1,800 machine hours per month. Marketing limitations indicate that Boylan can sell a maximum of 5,100 toasters and 4,100 bread machines per month. Which product and how many units should the company produce in a month to maximize profits? (Round machine hour per unit to two decimal places and your final answer to the nearest whole dollar.) A) 7,200 bread machines B) 4,650 toaster ovens and 4,100 bread machines C) 5,400 toaster ovens and 3,600 bread machines D) 10,800 toaster ovens
The statutory tax rate differs from a firm's average tax rate due to which of the following reasons
a. the statutory tax rate is a marginal tax rate. b. some expenses are included in book income but do not enter into taxable income. c. the average tax rate is for a period of three years. d. the statutory tax rate does not effect GAAP measures of revenues and expenses.