Storage solutionsstorage solutions produces plastic storage bins for household storage needs. the company makes two sizes of bins: large (50 gallon) and regular (35 gallon). demand for the product used to be so high that the company could sell as many of each size as it could produce. the same machinery is used to produce both sizes. the machinery is available for only 3 comma 0003,000 hours per period. the company can produce 1010 large bins every hour compared to 1515 regular bins in the same amount of time. fixed expenses amount to $ 110 comma 000$110,000 per period. product mix data follows: requirements1. which product should storeall emphasize? why? 2. to maximize profits, how many of each size bin should storeall produce? 3. given this product mix, what will the company�s operating income?

Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)