In some cases oligopolies can benefit society by:a)earning abnormal profits.

b)taking advantage of scale economies to produce at low average cost.

c)raising prices and reducing output.

Demarco and Janine Jackson have been married for 20 years and have four children who qualify as their dependents (Damarcus, Janine, Michael, and Candice). The couple received salary income of $100,000 and qualified business income of $10,000 from an investment in a partnership, and they sold their home this year. They initially purchased the home three years ago for $200,000 and they sold it for $250,000. The gain on the sale qualified for the exclusion from the sale of a principal residence. The Jacksons incurred $16,500 of itemized deductions, and they had $3,550 withheld from their paychecks for federal taxes. They are also allowed to claim a child tax credit for each of their children. However, because Candice is 18 years of age, the Jacksons may only claim the child tax credit for other qualifying dependents for Candice. (Use the tax rate schedules.)

Apple Valley Corporation uses a job cost system and has two production​ departments, A and B. Budgeted manufacturing costs for the year​ are: Department A Department B
Direct materials ​$800,000 ​$120,000
Direct manufacturing labor ​$200,000 ​ $200,000
Manufacturing overhead ​$400,000 ​$500,000

The actual material and labor costs charged to Job​ #432 were as​ follows:

Total
Direct​ materials: ​$21,000
Direct​ labor:
Department A $11,000
Department B ​ $7,000
​$18,000

Apple Valley applies manufacturing overhead costs to jobs on the basis of direct manufacturing labor cost using departmental rates determined at the beginning of the year.

For Department A, the manufacturing overhead allocation rate is: _________
For Department B, the manufacturing overhead allocation rate is: _________
Manufacturing overhead costs allocated to Job #432 total: _________

Identify an advertisement or commercial that targets only one of the generational groups. Describe the promotion in detail and identify the intended group.

Beginning inventory Merchandise $302,000 Finished goods $604,000 Cost of purchases 420,000 Cost of goods manufactured 760,000 Ending inventory Merchandise 202,000 Finished goods 196,000 Compute cost of goods sold for each of these two companies for the year ended December 31, 2017.

Select each concept with its best description by selecting its letter in the dropdowns. Focuses on quality throughout the production process. Flexible product designs can be modified to accommodate customer choices. Every manager and employee constantly looks for ways to improve company operations. Reports on financial, social, and environmental performance. Inventory is acquired or produced only as needed.Just-in-time manufacturing 2. Continuous improvements 3. Customer orientation 4. Total quality management 5. Triple bottom line

At the start of the year, your firm's capital stock equaled $100 million, and at the end of the year it equaled $105 million. The average depreciation rate on your capital stock is 20%. Gross investment during the year equaled A) $1 million B) $5 million. C) $7 million D) $25 million