A drought hits corn-growing regions, reducing the supply of corn. (Click to select) b. The government announces a new subsidy to encourage consumers to purchase biofuels made from corn. (Click to select) c. A global recession reduces the incomes of consumers in poor countries who rely on corn as a staple food (assuming corn is a normal good). (Click to select) d. A new hybrid variety of corn seed causes a 15 percent increase in the yield of corn per acre. (Click to select) e. An advertising campaign by the beef producer's association highlights the health benefits of corn-fed beef.

Corey is trying to save money to buy a new tv. he invests $800 into an account paying 6.5% simple interest. for how long must he save if the tv costs $950? a. 2 years b. 3 years c. 4 years d. 5 years

Lynch company manufactures and sells a single product. the following costs were incurred during the company’s first year of operations: variable costs per unit: manufacturing: direct materials $ 12 direct labor $ 6 variable manufacturing overhead $ 1 variable selling and administrative $ 1 fixed costs per year: fixed manufacturing overhead $ 308,000 fixed selling and administrative $ 218,000 during the year, the company produced 28,000 units and sold 15,000 units. the selling price of the company’s product is $56 per unit. required: 1. assume that the company uses absorption costing: a. compute the unit product cost. b. prepare an income statement for the year. 2. assume that the company uses variable costing: a. compute the unit product cost. b. prepare an income statement for the year.

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