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Your profit P is determined by subtracting the cost C (the amount of money it costs to operate a business) from the revenue R (the amount of money you earn from selling your product). Profit can be represented algebraically by the equations Profit=Revenue-Cost
OR
P = R - C a) Rewrite the formula to solve for C. b) Suppose your profit for one day is $1,281, and the cost of running the business for the day is $1,463. What is the revenue for that day Explain your answer.
Ligon Enterprises has prepared a production budget for October. Management has determined that the total required production for October is 800,000 units when an ending inventory of 10,000 units is desired and the beginning inventory is 6,000 unit..
Assume simplified straight line depreciation , this machine is being depreciated down to zero a 34% marginal tax rate and a required rate of 12 %.
chae corporation uses the weighted-average method in its process costing system. this month the beginning inventory in
Evaluate the accounting ethics of creating, initiating, or adjusting transactions to repatriate excess cash for multinational firms in transfer pricing decisions and suggest a way that this practice may be implemented.
If the company plans to sell 270,000 units during the year, compute the number of units it would have to manufacture during the year.
You have a client considering plans for transferring her wealth over the next five to ten years. Given the uncertainty in this area of the tax code, what are some key factors to consider in deciding whether to accelerate transfers into 2012 or del..
Explain how the process compares to an acquisition (or should we say Statutory Merger) when the acquired subsidiary is dissolved in the year of acquisition.
What is a point of sale system? Does a point of sale system increase or decrease the likelihood that cash will be stolen by employees? Explain.
Madison Industries uses the straight-line depreciation method. One asset had been purchased for $9,000. Annual depreciation expense was $800 after considering a residual value of $1,000. What was the approximate life of the asset?
For 2009, PMD Inc. had set the following standards for production of metal tables: 35 pounds of iron at a standard cost of $2.60 per pound. During June the company produced 300 tables. The company bought 10, 625 pounds of iron at a cost of $25,500..
which of the following represents a point of disagreement between deming and juran?upper management requires training
Discuss circumstances under which Randy's decision would be acceptable under GAAP and circumstances under which it would definitely be unacceptable. (2 to 3 Paragraphs).
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