Cockatoos are a kind of parrot that are often caught in the Australian wild and smuggled into the U. S. for sale on Craig's List as pets. This is illegal, but it happens anyway and the market is perfectly competitive. Suppose that the cost of capturing a cockatoo and transporting it to the U. S. is about $50 per bird. Typically, they are drugged and smuggled to the U. S. in suitcases. Half of the smuggled cockatoos die in transit. Each smuggled cockatoo (whether dead or alive) has a 20% probability of being discovered, in which case the cockatoo is confiscated and the smuggler is fined. If the fine imposed for each smuggled cockatoo is $1,000, then the equilibrium street-price of cockatoos in the U. S. will be A)$433.33 B)$500.00 C)$250.00 D)$50.00 E)$625.00

Landon mars, the company bookkeeper, recorded the $10,000 purchase of land as rent expense by decreasing cash and decreasing shareholders' equity. what is the effect of this error on the accounting equation

Vintage fun reproduces oldminusfashioned style roller skates and skateboards. the annual production and sales of roller skates is 950 units, while 1,750 skateboards are produced and sold. the company has traditionally used direct labor hours to allocate its overhead to products. roller skates require 2.5 direct labor hours per unit, while skateboards require 1.25 direct labor hours per unit. the total estimated overhead for the period is $114,300. the company is looking at the possibility of changing to an activityminusbased costing system for its products. if the company used an activityminusbased costing system, it would have the following three activity cost pools: the overhead cost per skateboard using the traditional costing system would be closest to: a. $9.31. b. $65.31. c. $25.05. your answer is not correct.d.

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