1. Ariel, Inc. reported the following year-end financial information: Sales revenue $13,600 Sales discounts 700 Cost of goods manufactured 6,400 Cost of goods available for sale 7,400 Cost of goods sold 6,800 Operating expenses 4,100 What is the company's net income for the year?
2. How do you handle or react to allocation of overhead costs on a project that you have capital budgeted for the announcement that’s been accepted?