The following are ABC Company’s unit costs of making and selling an item at a volume of 8,000 units per month (which represents the company’s capacity): Manufacturing:        Direct materials $4      Direct labor $5      Variable overhead $2      Fixed overhead $8 Selling and administrative:        Variable $1      Fixed $6   Present sales amount to 7,000 units per month. An order has been received from a customer in a foreign market for 1,000 units. The order would not affect regular sales. Total fixed costs, both manufacturing and selling and administrative, would not be affected by this order. The variable selling and administrative costs would have to be incurred for this special order as well as all other sales.   What is the financial advantage (disadvantage) for the company from this special order if it prices the 1,000 units at $20 per unit (PLEASE SHOW YOUR WORK BY USING THE HONORLOCK ON-SCREEN CALCULATOR)?

The following data are for One Hoss Town in the fiscal year starting July 1, 2017:   Budgeted town expenditures                                            $10,000,000 Estimated revenue from other than property taxes           $  5,000,000 Net assessed value of property                                         $500,000,000   Assume 100% collection rate, and that the calculated rate does not exceed any state imposed property tax rate and does not violate any state imposed property tax revenue limitations. One Hoss Town’s  property tax rate per $100 of net assessed value will be:

Part I Choice 2 – Indicate your choice of Question and answer the question.

Sergei Eisenstein’s Battleship Potemkin was created to depict the time of peace and prosperity in Russia.

Where did Islam begin?

Luckily, silent movies were very well preserved so that we still have many available to see.

Jesus’ resurrection formed the focus of early Christianity.

Ancestor worship is considered a unnecessary and foolish idea in Chinese culture.

Total Income    MinusAdjustments    EqualsAdjusted Gross Income    MinusStandard Deduction or Itemized Deduction (Taxpayer’s Choice)    AndPersonal Exemptions    EqualsTaxable Income    To which applyRate Schedule or Tax Table    To calculateTax    MinusCredits    EqualsTotal Tax    MinusWithholding, Estimated Payments, and Other PaymentsEqualsTax Refund or Tax Due——————————————— As provided in relevant tax law (e.g., the Federal income tax) , a dollar for dollar reduction in taxes owed/tax liability given certain expenditures by a household or firm (e.g., for installation of energy-saving devices, for child care costs)   is:

In a particular state, a family of three with total before tax income (AGI) of $100,000 pays an income tax of  $7000, with total before tax income(AGI)  of $50,000 pays $3000, and with total before tax income(AGI)  of $20,000 pays $1000.  If typical (assuming no shifting) , these results suggest that the system is: