On august 1, 2016, rocket retailers adopted a plan to discontinue its catalog sales division, which qualifies as a separate component of the business according to gaap regarding discontinued operations. the disposal of the division was expected to be concluded by june 30, 2017. on january 31, 2017, rocket's fiscal year-end, the following information relative to the discontinued division was accumulated: operating loss feb. 1, 2016–jan. 31, 2017 $115,000 estimated operating losses, feb. 1–june 30, 2017 80,000 impairment of division assets at jan. 31, 2017 10,000 in its income statement for the year ended january 31, 2017, rocket would report a before-tax loss on discontinued operations of:
a. $125,000.
b. $65,000.
c. $115,000.
d. $195,000.

Use the following account numbers and corresponding account titles to answer the following question. account no. account title (1) cash (2) merchandise inventory (3) cost of goods sold (4) transportation-out (5) dividends (6) common stock (7) selling expense (8) loss on the sale of land (9) sales which accounts would appear on the income statement?

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

Owns a machine that can produce two specialized products. production time for product tlx is two units per hour and for product mtv is four units per hour. the machine’s capacity is 2,100 hours per year. both products are sold to a single customer who has agreed to buy all of the company’s output up to a maximum of 3,570 units of product tlx and 1,610 units of product mtv. selling prices and variable costs per unit to produce the products follow. product tlx product mtv selling price per unit $ 11.50 $ 6.90 variable costs per unit 3.45 4.14 determine the company's most profitable sales mix and the contribution margin that results from that sales mix.