1. RRC Inc. sells widgets, model 55TF sells for $1,500. Along with the widget the customer receives a one-year warranty subscription worth $100. RRC records all the revenue when they sell the widget. (FR issue)

2. RRC Inc. does not keep track of its inventory and just estimates the value at year end. (WIR)

3. One if RRC's employees is given a company owned vehicle for work. The cost of the vehicle is $31,000 including taxes. The total km driven by the employee is 50,000 of which 40% is personal use. The vehicle was available to the employee for the full year. Please calculate the standby charge.

4. RRC sells another widget, the JWE28. It sells for $15. Variable costs are $6 and fixed costs associated with this widget are $57,850. RRC wants to know the break event for this widget.