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Aero, Inc. requires sales of $2,000,000 to cover its fixed costs of $700,000 and to earn net income of $200,000. What percent are variable costs of sales?
During the current year, the cost of direct materials purchased by a manufacturing firm was $340,000, and the direct materials inventory increased by $20,000. What was the cost of direct materials used during the year?
A new employee suggests that RedEx sponsor a company softball team as a form of advertising. The cost to sponsor the team is $1,792. How many more units must be sold to cover this cost?
the nelson company has 1312500 in current assets and 525000 in current liabilities. its initial inventory level is
At December 31, balances in Overhead are as follows: Lott Company-debit $1,500, Perez Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the adjustment is made to cost of goods sold.
in a job shop operation four jobs may be performed on any of four machines.nbsp the number of hours required for each
Fabrice Corp. requires a minimum $6,200 cash balance. If necessary, loans are taken to meet this requirement at a cost of 1% interest per month (paid monthly).
What amount of the acquired net capital loss of $80,000 can be used to offset Gate Corp's net capital gain for 2010?
The buyer assumed Juan's mortgage and gave Juan a note for $550,000 (plus interest at the Federal rate) due in the following year. What is the gross profit percentage?
The Central Valley Company is a merchandising firm that sells a single product. The company's revenues and expenses for the last three months are given below:
During the month, merchandise is sold for $23,500 cash and for $34,000 on account. The cost of merchandise sold is $41,500. What is the amount of gross profit?
On January 1, 2010, the balance in Kubera co.'s Allowance for Bad Debts account was$9720. during the year, a total of $23900 of delinquent account receivable was written off as bad debts, the balance in the allowance for bad debts account at Decem..
Lyn, age 65, and Robert, age 66, are married and support Lyn's father (no taxable income) and Robert's mother, who has $2,200 of gross income. If they file a joint return for 2011, how many exemptions may Lyn and Robert claim?
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