Amazon has provided the following financial information for the fiscal year ending December 31, 2023:

Item	Amount ($)
Net Sales	110,000,000
Cost of Sales	75,000,000
Administrative Expenses	25,000,000
Depreciation Expense	6,000,000
Interest Expense	4,500,000
Income Tax Expense	9,000,000
Dividends Paid	10,000,000
Beginning Retained Earnings	30,000,000

Requirements:

1. Draft an income statement.
2. Calculate the net income.
3. Prepare a statement of retained earnings.
4. Determine the earnings per share assuming 500,000 shares.
5. Analyze the impact of a 12% increase in net sales on net income.

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Boeing has received an order to manufacture three types of aircraft: 737, 747, and 787. The following information is available for each job:

Aircraft	Direct Materials	Direct Labor	Overhead Rate (% of Direct Labor)
737	$40,000,000	$20,000,000	150%
747	$60,000,000	$25,000,000	150%
787	$80,000,000	$30,000,000	150%

Requirements:

1. Compute the total cost for each aircraft.
2. Determine the total manufacturing overhead applied to each job.
3. Calculate the total job cost for Boeing.
4. Prepare a Job Cost Sheet for each aircraft.
5. Analyze the cost structure and suggest areas for potential cost reduction.

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