1. Baldwin has negotiated a new labor contract for the next round that will affect the cost for their product Bid. Labor costs will go from $3.00 to $3.50 per unit. In addition, their material costs have fallen from $6.80 to $5.80. Assume all period costs as reported on Baldwin's Income Statement remain the same. If Baldwin were to pass on half the new costs of labor and half the savings in materials to customers by adjusting the price of their product, how many units of product Bid would need to be sold next round to break even on the product?

Select: 1

	1,409
	1,466
	1,220
	2,398

The Andrews company currently has the following balances in their equity accounts:

Common Stock $19,338 Retained earnings $25,800

2. Suppose next year the Andrews company generates $46,300 in Net Profit, and declares and pays $16,000 in Dividends. What will Andrews ending balance in Retained Earnings be next year?

Select: 1

	$65,638
	$45,138
	$56,100
	$61,138