Koufax Materials Corporation produces plastic products for home appliances and electronics. The financial department has produced the following information for the year ended December 31. Administrative salaries$2,625,000 Depreciation on the administrative building 1,142,000 Depreciation on the manufacturing plant 1,750,000 Direct labor 4,692,500 Direct materials inventory, January 1 1,069,200 Direct materials inventory, December 31 1,235,000 Direct materials purchased during the year 8,956,000 Distribution costs 657,000 Finished goods inventory, January 1 1,642,000 Finished goods inventory, December 31 1,369,500 Indirect labor 542,000 Insurance (on manufacturing plant) 53,200 Legal fees 496,300 Maintenance (on the manufacturing plant) 215,400 Manufacturing plant utiities 784,100 Marketing costs 749,250 Other manufacturing plant costs 630,880 Sales revenue 22,654,920 Taxes (on manufacturing plant and property) 215,600 Work-in-process inventory, January 1 403,250 Work-in-process inventory, December 31 396,700

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

Mordica company identifies three activities in its manufacturing process: machine setups, machining, and inspections. estimated annual overhead cost for each activity is $156,960, $382,800, and $84,640, respectively. the cost driver for each activity and the expected annual usage are number of setups 2,180, machine hours 25,520, and number of inspections 1,840. compute the overhead rate for each activity. machine setups $ per setup machining $ per machine hour inspections $ per inspection

There's a cartoon that has become a social media meme. two pigs are chatting. the first pig says, "isn't it great? we have to pay nothing for the barn." the second pig replies. "yeah! and even the food is free." this cartoon is frequently linked to a quote that goes something like this: "if you're not paying for it, you're not the customer; you're the product being sold." what do these statements imply about social media? what are the specific ways that social media users become a product that is being sold?