Consider the following two separate events for a company dur…

Consider the following two separate events for a company during the year: (1) Interest revenue = $10 (2) Unrealized gain on investment from increase in fair value = $20 The company reports the unrealized gain as a component of other comprehensive income. By how much would these two events increase net income and comprehensive income, ignoring tax effects?

A component is inspected immediately after welding and then…

A component is inspected immediately after welding and then inspected again for the exact same weld characteristic before painting. Nothing happens to the weld between the two inspections. According to the Cost Reduction Formula, what should the engineer consider first?