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Boswell company reported the following information for the current year:
Sales (50,000 units) $1,000,000,
direct materials and direct labor $500,000,
other variable costs $50,000, and
fixed costs $270,000.
What is Boswell’s break-even point in units?
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On December 31, 2010, TNT Company lists the following accounts in its adjusted trial balance:
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Chandler had 7,500 shares of common stock outstanding on January 1, and issued an additional 2,500 shares on June 1. There was no preferred stock, and net income was $124,700. How much is diluted earnings per share for the calendar year?
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