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Show work where appropriate. Read questions carefully. 70 points = 100%: 26 questions = 2 points… 1 answer below » Show work where appropriate. Read questions carefully. 70 points = 100%: 26 questions = 2 points each; questions 15 and 21 = 5 points each; questions 22 and 30 = 4 points each. 1. A perpetuity differs from an annuity because: A. perpetuity payments vary with the rate of inflation. B. perpetuity payments vary with the market rate of interest. C. perpetuity payments are variable while annuity payments are constant. D. perpetuity payments never cease. E. annuity payments never cease. Document Preview: View complete question » Show work where appropriate. Read questions carefully. 70 points = 100%: 26 questions = 2 points each; questions 15 and 21 = 5 points each; questions 22 and 30 = 4 points each. 1. A perpetuity differs from an annuity because: A. perpetuity payments vary with the rate of inflation. B. perpetuity payments vary with the market rate of interest. C. perpetuity payments are variable while annuity payments are constant. D. perpetuity payments never cease. E. annuity payments never cease. Document Preview: ShurShot Sports Inc. manufactures basketballs for the National Basketball Association (NBA). For the first 6 months of 2014, the company reported the following operating results while operating at 80% of plant capacity and producing 118,900 units. Amount Sales $4,637,100 Cost of goods sold 3,708,490 Selling and administrative expenses Net income 489,868 $438,742 Fixed costs for the period were cost of goods sold $1,080,800, and selling and administrative expenses $244,934. In July, normally a slack manufacturing month, ShurShot Sports receives a special order for 10,600 basketballs at $28 each from the Greek Basketball Association (GBA). Acceptance of the order would increase variable selling and administrative expenses $0.50 per unit because of shipping costs but would not increase fixed costs and expenses. Don’t show me this message again for the assignment (a) Prepare an incremental analysis for the special order. (Round all per unit co places, e.g. 15.25. Enter negative amounts using either a negative sign p parentheses e.g. (45).) Reject Order Revenues Accept Order $ Cost of goods sold Selling and administrative expenses Net income $ Attachments: Q-Attachment…..docx Q-Attachment-….docx View less » Jul 29 2015 06:03 PM
