your grandma promises you a gift of $100 for your birthday. later, she decides she doesn't want to give you the money. is this a breach of a contract?

The given statement, "Business rules must be rendered in writing" is True (T) because business rules are an essential part of any business and must be rendered in writing to be useful because they can then be used to ensure that everyone in the company is on the same page.

Business rules are the constraints, requirements, and conditions that govern the operation of a business. They are necessary for ensuring that all of the company's activities and transactions are carried out correctly, efficiently, and in compliance with legal and regulatory requirements. Business rules can be related to anything from the types of products and services that the company offers to the methods used for conducting business with customers. They can also relate to the internal operations of the company, such as how employees are hired, trained, and managed.

Written business rules are important because they provide a clear and concise way to communicate the company's policies and procedures. This makes it easier for employees to understand what is expected of them and how to perform their jobs correctly.Written business rules also provide a record of the company's policies and procedures. This can be important in cases where legal or regulatory compliance is at issue because it demonstrates that the company has a system in place for ensuring that its activities are in compliance with relevant laws and regulations.

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The given statement " contingency reserves require a construction company to hold back some funds in an account just in case something happens that increases the overall project cost " is TRUE because of Contingency reserves require a construction company to hold back some funds in an account just in case something happens that increases the overall project cost.

Contingency reserves can be defined as a percentage of the total project cost that is held in reserve to pay for unforeseen expenses.

In the construction industry, there are always unforeseen events that can disrupt a project. Contingency reserves are set up in the event of these circumstances. Construction projects are usually subjected to unforeseen problems that might affect the project outcome, increase costs or delay the work's progress.

Therefore, construction companies typically reserve a percentage of their budget for unexpected costs that might occur during a project. These unexpected costs can result from such factors as inflation, delays, and changes in the cost of goods or services.

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The best way for the state to prevent conflicts of interest arising for clients who employ contract lobbyists is to require the lobbyists to register and disclose their clients and activities to the public.  Lobbyists are individuals or organizations that advocate for a particular interest group in order to influence public policy.

Lobbying is a profession that involves contacting and persuading legislators and other government officials to support a particular cause, such as business interests or environmental protection. There are many different types of lobbyists, including corporate lobbyists, public interest lobbyists, and citizen lobbyists.

The state can require lobbyists to register with the government and disclose their clients and activities. This way, the public can be aware of who is advocating for whom and what issues they are promoting. Additionally, the state can require lobbyists to follow certain ethical guidelines, such as avoiding conflicts of interest or undue influence.

For example, lobbyists may be prohibited from accepting gifts or campaign contributions from their clients. The state can also require lobbyists to disclose their expenditures, including their compensation and expenses incurred in lobbying activities.

This can help to prevent conflicts of interest by making it clear who is paying for lobbying efforts and how much they are spending. In summary, the state can prevent conflicts of interest arising for clients who employ contract lobbyists by requiring lobbyists to register and disclose their clients and activities to the public.

Additionally, the state can require lobbyists to follow certain ethical guidelines and disclose their expenditures.

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Along a Phillips curve, the inflation rate varies inversely with the unemployment rate.

Phillips curve demonstrates an inverse relationship between inflation and unemployment. The graph shows a downward-sloping curve, as shown below: On the vertical axis, we have inflation, and on the horizontal axis, we have unemployment. When unemployment is high, inflation is low, and when unemployment is low, inflation is high.

The Phillips curve was an influential tool in the development of macroeconomic policy during the 1960s. The Phillips curve demonstrated that policymakers could create a tradeoff between unemployment and inflation. The correct option is: The inflation rate varies inversely with the unemployment rate.

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The terrorist attacks on September 11, 2001 had a dramatic impact on the U.S. economy. In the two months immediately following the attack, consumer spending and consumer confidence both decreased significantly. This caused a decrease in demand for goods and services, leading to a sharp decline in economic activity.

Business investment also fell in the wake of the attacks, as uncertainty in the economy made it difficult for companies to make long-term commitments. Similarly, the stock market suffered, with the Dow Jones Industrial Average losing 14% of its value in the two months following the attacks. The Federal Reserve responded by cutting interest rates to encourage investment and consumer spending.

The attacks also led to a decrease in international tourism and travel, which had a further dampening effect on the economy. This was particularly evident in areas close to New York City, such as New Jersey and Connecticut, where airports and transportation hubs were shut down in response to the attack.

Finally, the attacks also caused an increase in government spending. This was primarily used to pay for military operations overseas, as well as to compensate individuals and families affected by the attacks.

In conclusion, the terrorist attacks on September 11, 2001 had a severe impact on the U.S. economy. In the two months following the attack, consumer spending, business investment, and stock market values all decreased significantly. Furthermore, international tourism and travel was reduced, and government spending increased.

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All of the following are true with respect to generic drugs except that they are generally less expensive than brand name drugs.(option d)

Generic drugs are sold under a chemical name instead of a brand name, and they contain the same active ingredients as their brand name counterpart.

They may not, however, have the same inactive ingredients as their brand name counterpart, which can affect how they are absorbed by the body.

It is also important to note that generic drugs are regulated by the FDA and must meet the same standards for safety, quality, and efficacy as brand name drugs.

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Complete question: All of the following are true with respect to generic drugs except that they

a) contain the same active ingredients as their brand name counterpart.

b) are sold under a chemical name instead of a brand name.

c) have the same inactive ingredients as their brand name counterpart.

d) are generally less expensive than brand name drugs.

True, an increase in the saving rate can lead to a higher growth rate of productivity in an economy.

Here's a step-by-step explanation:

1. Higher saving rate: When people in an economy save more of their income, the overall saving rate in the economy increases. This means that there is more money available for investments.

2. Increased investments: With a higher saving rate , financial institutions have more funds to lend to businesses and entrepreneurs. This leads to increased investments in capital goods, research and development, and new technologies.

3. Capital accumulation: As more investments are made, the economy's capital stock (machines, buildings, infrastructure) expands. Capital accumulation is an essential factor in enhancing productivity since it provides workers with better tools and resources to produce goods and services.

4. Technological advancements: Investments in research and development can result in technological advancements and innovations. These advancements can lead to better production techniques, increased efficiency, and improved goods and services, all of which contribute to higher productivity.

5. Human capital development: A higher saving rate can also result in investments in education and training. A well-educated and skilled workforce is better equipped to innovate and use new technologies, which can boost productivity.

6. Higher growth rate of productivity: As a result of capital accumulation, technological advancements, and human capital development, the economy's productivity growth rate increases. This means that the economy can produce more goods and services with the same amount of resources.

In summary, an increase in the saving rate can lead to a higher growth rate of productivity in an economy, as it enables more investments in capital goods, research and development, and human capital, ultimately contributing to better production techniques, increased efficiency, and improved goods and services.

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The given statement "one principal way that a company can act ethically toward employees and meet their expectations is by creating an occupational structure that fairly and equitably rewards employees for their contributions." is true because one principal way that a company can act ethically toward employees and meet their expectations is by creating an occupational structure that fairly and equitably rewards employees for their contributions.

This includes providing fair wages, benefits, and opportunities for professional development and advancement. Creating a workplace that is free from discrimination and harassment is also important for ethical treatment of employees. By valuing and investing in their employees, companies can cultivate a positive work culture and foster long-term loyalty and commitment from their workforce.

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The primary goal of advertising is to create interest and excitement among consumers so that they will take some action, usually buying the product or service. The correct answer is "to create interest and expectation in the consumer".

By presenting information in an appealing and creative way, advertising aims to draw attention to a product and make it more attractive to potential customers. Advertising also helps move consumers through the buying process, as it presents consumers with information they need to make informed decisions.

Additionally, advertising can create consumer communities that are interested in a particular product or service and provide feedback to help define a product's value.

In conclusion, the correct answer is ''create interest and consumer hype.''

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Increasing the discount rate - is the most common way a central bank in a system with limited reserves uses to combat a recession. (D)

The discount rate is the interest rate charged to financial institutions when they borrow funds from a central bank. A central bank raising the discount rate causes borrowing to become more expensive and discourages spending, which helps to slow down inflation and stimulate economic growth.

This helps to reduce the negative effects of a recession. In contrast, buying securities or reducing the reserve requirement may increase the money supply and stimulate spending, which could potentially worsen a recession. Increasing the federal funds rate, which is the rate at which banks lend to each other, does not directly affect the public and therefore does not have an effect on a recession.

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Adalyn ought to go into the meeting with a growth mentality, understanding that criticism is an opportunity to grow. By accepting responsibility for her behaviour and being receptive to constructive criticism.

Contrary to popular belief, constructive criticism is the most effective kind of feedback for assisting in the development of better judgements that will enhance and boost performance.

Answer: 1) It's crucial to respond to feedback, ideas, or criticism with a growth mindset as opposed to a fixed perspective. because somebody who has a growth mindset usually has more personal development and knowledge, they view mistakes and failures as opportunities for growth and improvement.

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The operating cycle of a merchandising company consists of the following transactions:

The operating cycle of a merchandising company refers to the process of purchasing, selling, and collecting payments related to the sale of merchandise. The cycle typically starts with the purchase of inventory and ends with the collection of cash from customers who have purchased the merchandise.

Here are the transaction types that are part of the operating cycle of a merchandising company:

Purchases of merchandise: This refers to the acquisition of inventory or goods that the company intends to sell to customers. Purchases of merchandise are typically made from wholesalers or manufacturers.

Sales of merchandise, often on account: This refers to the selling of merchandise to customers, often on credit or on account. In this case, the customer agrees to pay for the merchandise at a later date.

Collections of accounts receivable: This refers to the process of collecting payments from customers who have purchased merchandise on credit. The company sends invoices to customers, and when payments are made, they are recorded as collections of accounts receivable.

Payments for advertising services: This refers to the cost of promoting the company's merchandise through various advertising channels, such as print, online, or broadcast media.

Payments for salaries: This refers to the compensation paid to employees who work for the company. Salaries include wages, bonuses, and other forms of compensation.

Payments for rent: This refers to the cost of renting or leasing the physical space where the company operates. Rent is typically paid on a monthly or annual basis.

Overall, the operating cycle of a merchandising company involves a series of transactions related to the purchase, sale, and collection of payments for merchandise. By managing these transactions effectively, the company can ensure a steady stream of revenue and maintain profitability.

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Designing an international company's structure can be a daunting task for management. This is because such a company may have operations in different countries and deal with various languages, cultures, legal systems, and market conditions.

Therefore, the management must consider several issues to develop a structure that is effective and efficient. Some of the main issues to consider include the following:

Legal and regulatory framework: An international company must adhere to different legal and regulatory frameworks in different countries.

Market conditions: Different countries have different market conditions, including consumer preferences, purchasing power, and competition.

Culture and language: An international company may have employees, customers, and partners from different cultures and speaking different languages.

Organizational culture: An international company may have a diverse workforce with different values, beliefs, and work styles.

Communication and information management: An international company must have effective communication and information management

In conclusion, designing an international company's structure is a complex task that requires management to consider legal and regulatory frameworks, market conditions, culture and language, organizational culture, communication and information management, and other factors.

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Sunland Corporation would report a loss in its income statement for the year ended. The amount of the loss depends on a variety of factors such as expenses incurred, amount of revenue generated, and any other income or losses incurred.

To calculate the amount of loss Sunland Corporation would report, start by taking the total expenses for the year and subtracting it from the total revenue for the year. Any other income or losses, such as from investments, should be added or subtracted from this figure. The resulting figure is the total gain or loss for the year.

For example, if Sunland Corporation had total expenses of $500,000 and total revenue of $400,000 and a loss from investments of $100,000, then the total loss for the year would be calculated as follows:

Total Loss = Total Expenses - Total Revenue + Loss from Investments
Total Loss = $500,000 - $400,000 + ($100,000)
Total Loss = -$100,000

Therefore, Sunland Corporation would report a total loss of -$100,000 in its income statement for the year ended.

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False. Everything else being equal, the higher the discount rate, the lower the present value.

The present value is the worth of an amount of money in the future today, at a given discount rate.

The discount rate is the interest rate used to calculate the present value of future cash flows. The present value decreases as the discount rate increases, and it increases as the discount rate decreases. Therefore, the statement "the higher the discount rate, the higher the present value" is incorrect.

The opposite is true. The higher the discount rate, the lower the present value. This is because a higher discount rate implies a higher opportunity cost of money, meaning that future cash flows are worth less in today's dollars. Conversely, a lower discount rate means that future cash flows are worth more in today's dollars, resulting in a higher present value.

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The correct option is C, All else equal, a 20% increase in the aggregate price level will increase the quantity of money demanded by half the money multiplier.

A money multiplier is one of many closely related ratios of commercial bank money to central bank money (also known as the monetary base) in a fractional-reserve banking system, according to monetary economics. The money multiplier, often known as the real ratio of money to central bank money, is lower because some money is used as currency by the general people outside of banks. Moreover, banks may have surplus reserves, or reserves that are in excess of the central bank's reserve requirements.

The multiplier in the first (statistical) sense fluctuates continuously based on changes in central bank and commercial bank money (though it is only the theoretical multiplier), whereas the multiplier in the second (legal) sense depends only on the reserve ratio and is therefore unaffected by changes in the law.

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Complete Question: -

All else equal, a 20% increase in the aggregate price level will increase the quantity of money demanded by:

a the money multiplier

b 10%.

c half the money multiplier.

d. 20%.

If the broker's initial margin requirement is 50%, you would need to put up 50% of the value of the short position as cash or securities in your brokerage account. This come to $13,500.

Broker's initial margin requirement is the minimum amount of equity that an investor must have in their brokerage account to enter into a particular type of transaction, such as a short sale.

Thus, if the broker's initial margin requirement is 50%, you would need to put up 50% of the value of the short position as cash or securities in your brokerage account.

The value of the short position is:

270 shares x $100 per share = $27,000

So, you would need to put up:

50% x $27,000 = $13,500

Rounded to the nearest whole dollar, you would need to put up $13,500 in cash or securities in your brokerage account.

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The given statement, "Globalization has increased the ethical problems facing organizations," is true. The world is evolving into a global village with the rapid growth of communication and transportation, and the economy is becoming increasingly global.

Globalization has resulted in the integration of national economies, the growth of multinational corporations, and the establishment of global markets. Although globalization has many advantages, it also poses some ethical problems that businesses must address. Let's have a detailed look at how globalization has increased ethical issues for organizations.

1. Ethical considerations: With the rise of globalization, businesses now have a greater need to address ethical concerns in their operations. Companies must ensure that they meet ethical standards in all aspects of their business, including corporate governance, social responsibility, environmental sustainability, and labor practices.

2. Complex supply chain: The increase in global trade has led to complex supply chains, with businesses sourcing raw materials and components from various countries. This complexity makes it difficult for companies to track the conditions under which these goods are produced, the labor practices, and the social and environmental impacts of their activities.

3. Cultural differences: Globalization has led to the movement of people across borders, and this has resulted in cultural differences between employees in the same organization. These cultural differences can lead to misunderstandings and conflicts, and businesses must address these issues to create a harmonious work environment.

4. Cybersecurity: Globalization has also led to an increase in cybercrime, and businesses must ensure that they have robust cybersecurity measures in place to protect their customers' data and their own intellectual property.

In conclusion, globalization has increased the ethical problems facing organizations. To address these challenges, businesses must implement effective ethical standards, monitor their supply chains, address cultural differences, and protect their data and intellectual property.

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The correct answer for managers are kept from selfishly diversifying the firm for higher compensation is mainly because of concerns for their reputation and strong managerial talent market.

What is Managerial Talent?

Managerial talent refers to the set of skills that allows people to organize resources and bring out the best in employees to achieve common objectives. It involves a range of activities, including setting goals, delegating tasks, allocating resources, and monitoring performance.

Managerial talent is crucial to a company's success because it allows organizations to streamline their activities, improve efficiency, and deliver better results.

Compensation is the payment given to employees in exchange for their services. There are several forms of compensation, including salaries, wages, benefits, and bonuses. Compensation packages are designed to attract, retain, and motivate employees, as well s to align their interests with those of the company.

The reason that keeps managers from selfishly diversifying the firm for higher compensation is concerns for their reputation and strong managerial talent market.

Managerial talent is scarce and in high demand, making it difficult for firms to attract and retain top talent. Companies that are perceived as overly focused on short-term gains or that fail to provide opportunities for growth and development are likely to face challenges in attracting and retaining top talent.

As a result, managers are often motivated by concerns for their reputation to avoid actions that may harm the firm's long-term prospects or that are inconsistent with its values.

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The Norplant case, which is covered in Chapter 7, is similar to the case discussed in the question in that both cases involve contraceptives. Both Norplant and the case discussed in the question involve a pharmaceutical company promoting a product that can be used as a form of birth control.

However, there are several differences between the two cases. The Norplant case was focused around the marketing of the product, while the case discussed in the question involves a lawsuit over the product.

The marketing campaigns for the two cases were very different. For Norplant, the pharmaceutical company had an aggressive advertising campaign to promote the product, while the case discussed in the question does not appear to have any specific advertising campaign associated with it.

Additionally, the Norplant case resulted in multiple lawsuits, while the case discussed in the question does not appear to have any related lawsuits.

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As a company, Charles Schwab is most known for cutting trading fees. The correct answer is D.

Charles Schwab is an American financial corporation with headquarters in San Francisco, California. Charles Schwab provides various brokerage, banking, and financial advisory services, including stock brokerage and money management services. Charles Schwab is a direct-to-investor financial services firm that provides various banking and brokerage services.

The firm offers trading through its electronic trading platforms, such as web-based, desktop, and mobile trading apps. The company was founded in 1971 by Charles R. Schwab and is currently led by its founder, Charles Schwab.Charles Schwab is one of the largest publicly-traded investment firms in the United States with a market capitalization of $83.5 billion as of 2019.

The firm serves both retail and institutional clients and has approximately 28 million active brokerage accounts. Charles Schwab was the first discount brokerage firm to offer commission-free trades on U.S. stocks, ETFs, and options trades. As a result, the company is most known for cutting trading fees.

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When using a perpetual system, purchasing merchandise on account includes:

When using a perpetual system, purchasing merchandise on account includes the following:

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Answer:

See below, please.

Explanation:

11.True

12.True

13.True

14.True

15.True

16.False

17.False

18.True

19.False

20.False

As the default risk increases or decreases over time, the price of the CDS contract will also increase or decrease accordingly. The correct answer is: c. inversely; positively

What is a Credit Default Swap (CDS)?

Credit Default Swap (CDS) is a financial product that swaps the credit risk of fixed-income securities. The buyer pays the seller premiums and, in return, receives compensation if the underlying security defaults.A CDS can be used to transfer credit risk from one party to another, providing liquidity for the markets while reducing the risk of default. It is a type of insurance agreement on a credit default.

The price of a credit default swap (CDS) contract is inversely related to the default risk of the securities covered by the contract. In other words, as the default risk of the securities increases, the price of the CDS contract increases as well. This is because the CDS contract provides insurance against the possibility of default, and the higher the default risk, the more valuable the insurance.

However, the price of the CDS contract is positively related to the changes in default risk over time. As the default risk increases or decreases over time, the price of the CDS contract will also increase or decrease accordingly. This is because the CDS contract provides protection for a specific period of time, and the longer the time until maturity, the greater the chance that the default risk will change.

Therefore, the correct option is c. inversely; positively

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The price must be above $7 for him to gain a producer surplus if he gains producer surplus every time that he sells a basket at a price. Thus, option c is correct.

If he sells a basket above his mean cost of $7, then he will have a favorable producer surplus because he is selling the basket above his price of production. The price must be above $7 for him to gain a producer surplus. If he wants to continue his profit in the market he should maintain the surplus in his business.

If he sells a basket below his original cost of $10, then he will get a loss. Therefore, the cost of baskets must be above $10 to gain a producer surplus in the market.

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Finally, Konica/Minolta could use e-commerce to collect customer data and feedback. They could use this information to improve their products and services, as well as to create targeted marketing campaigns that appeal to their customers. Overall, e-commerce is an important part of any digital marketing strategy, and Konica/Minolta would be wise to incorporate it into their own strategy.

Konica/Minolta would be most likely to use e-commerce as part of their digital marketing strategy. This is because e-commerce is the process ofand selling products and services over the internet. E-commerce is an important tool for businesses because it allows them to reach a wider audience, sell more products, and provide better customer service.

There are several ways that Konica/Minolta could use e-commerce as part of their digital marketing strategy. One way is by creating an online store where customers can purchase their products. This online store could include product descriptions, images, and customer reviews to help customers make informed purchasing decisions. Konica/Minolta could also use e-commerce to sell their products on other websites, such as Amazon or eBay. Another way that Konica/Minolta could use e-commerce as part of their digital marketing strategy is by offering special promotions and discounts to online customers.

For example, they could offer free shipping or a percentage off the total order for customers who purchase through their online store. This would encourage more people to purchase their products online, which would increase their overall sales.

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True. Gambling expenses and losses to the extent of gambling winnings are reported as miscellaneous itemized deductions on Schedule A (Form 1040).

These miscellaneous deductions are subject to a 2% adjusted gross income (AGI) limitation. That means, you can only deduct the amount of these miscellaneous deductions that exceeds 2% of your AGI.

Miscellaneous itemized deductions include the unreimbursed employee expenses such as union dues, work-related travel, and professional memberships. Also, gambling losses such as the cost of buying lottery tickets and wagering losses on horse racing, slot machines, and bingo, are reported as miscellaneous itemized deductions.

You should keep accurate records of your gambling expenses and winnings, including the date and location of the wager, the type of gambling activity, the people you were with, and the amounts of your winnings and losses. You may also need to show the IRS proof of your gambling losses if they audit your return.

To claim your gambling losses on Schedule A (Form 1040), you should use Form W-2G to report your winnings, or Form 5754 if the winnings were received by someone other than the gambler.

To sum it up, gambling expenses and losses to the extent of gambling winnings are reported as miscellaneous itemized deductions on Schedule A (Form 1040). These miscellaneous deductions are subject to a 2% AGI limitation and should be supported with accurate records such as Form W-2G or Form 5754.

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The answer to your question is

The statement, most of the appliances that whirlpool sells in the uk are built in the eu. suppose the pound rises in value relative to the euro is True. If the pound rises in value relative to the euro, it will become more expensive for Whirlpool to buy components in the EU.

This will result in higher costs for Whirlpool, reducing their profit margin. However, if the exchange rate increases in favor of the pound, it will become more profitable for Whirlpool to sell their products in the UK, as their prices will be more competitive. This will increase their profit margin.

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It is False. If the pound rises in value relative to the euro, it would mean that it takes fewer pounds to buy one euro.

This would make the appliances that Whirlpool sells, which are built in the EU, cheaper for Whirlpool to purchase in euros. Assuming that Whirlpool maintains its prices, its profit margin would remain the same or decrease, as the cost of production would decrease.

Any increase in profit margin would depend on Whirlpool's pricing strategy and whether it passes on the savings to customers or keeps the prices constant.

However, any increase in profit margin would depend on Whirlpool's pricing strategy and whether it passes on the savings to customers or keeps the prices constant. Therefore, it is not accurate to assume that Whirlpool's profit margin will increase solely due to a rise in the value of the pound relative to the euro.

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Financial institutions are required to provide clear information about the costs and terms of interest-earning accounts in uniform terms due to the Truth in Savings Act (TISA).

The Truth in Savings Act is a federal law that requires financial institutions to disclose to consumers the terms and conditions of deposit accounts such as checking and savings accounts, in a uniform and easy-to-understand way. It also requires financial institutions to clearly disclose any fees, interest rates, and other important details related to deposit accounts, such as how interest is calculated, the minimum balance required to earn interest, and any penalties for early withdrawal or account closure.

By providing this information in uniform terms, financial institutions ensure that consumers have a clear and complete understanding of the costs and benefits associated with different deposit accounts, and can make informed decisions about which accounts best meet their needs.

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The net income under absorption costing for Belle Company is $494,000.

To compute the net income under absorption costing, we need to calculate the total cost of producing the units sold, including both variable and fixed costs, and then subtract that from the total revenue generated by the sales.

Data

Direct materials cost per unit = $25

Direct labor cost per unit = $27

Variable overhead cost per unit = $3

Total variable cost per unit = $25 + $27 + $3 = $55

Total fixed cost per unit = Total fixed overhead / Total units produced

= $658,750 / 85,000

= $7.75

Total cost per unit = Total variable cost per unit + Total fixed cost per unit

Total cost per unit = $55 + $7.75

Total cost per unit = $62.75

Total cost of goods sold = Total units sold x Total cost per unit

Total cost of goods sold = 51,000 x $62.75

Total cost of goods sold = $3,204,750

Total revenue = Total units sold x Selling price per unit

Total revenue = 51,000 x $81

Total revenue = $4,131,000

Finally, the net income under absorption costing will be:

= Total revenue - Cost of goods sold - Variable selling and administrative expense - Fixed selling and administrative expense

= $4,131,000 - $3,204,750 - (51,000 x $2) - $330,000

= $926,000 - $102,000 - $330,000

= $494,000.

Complete question "belle company reports the following information for the current year. all beginning inventory amounts equaled $0 this year. units produced this year 85,000 units units sold this year 51,000 units direct materials $ 25 per unit direct labor $ 27 per unit variable overhead $ 3 per unit fixed overhead $ 658,750 in total belle company's product is sold for $81 per unit. variable selling and administrative expense is $2 per unit and fixed selling and administrative is $330,000 per year. compute the net income under absorption costing".

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