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Given: Revenue is 70,000... Expenses are purchases of prepared food $21,000, serving personnel 30,000, cashiers 5,500, administration is 10,000, university surcharge is 7,000, utilities is $1500, and threes a loss of $5,000.. How do I calculate the breakeven point from the University's perspective and from the company's perspective?
Prepare the entries that would be recorded by Oakbrook Inc. for the sale and for the receipts and interest on the following dates. (Assume that the effective-interest method is used for amortization purposes.)
Prepare a multiple-step income statement, a retained earnings statement, and a classified balance sheet and calculate the profit margin ratio and the gross profit rate.
A company issues $10,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2014. Interest is paid on June 30 and December 31. The proceeds from the bonds are $9,802,072. Using effective-interest amortization, how much interest expense will be recogn..
Write one page single space, comparing these two methods: key differences, and recommends which method should be used for this company and why.
Evaluate the predetermined overhead rate used during the year in the Research and Documents Department. Find the rate used in the Litigation Department.
verify the overall break-even point for the company.nbsplucido products markets two computer games claimjumper and
assignment 1. demonstrate an understanding of basic accounting concepts and how these apply apply to business2. outline
Direct Material Price variance, Direct Material Quantity Variance, Total Direct Material variance. Direct Labor rate variance, Direct labor efficiency variance, Total Direct Labor Variance. Given the above variances, what connection might they have t..
Understand why organizations budget and the processes they use to create budgets, and recognize situations that present potential ethical and legal issues and develop solutions for those issues.
general corporation employs a job order cost system. on may 1 the following balances were extracted from the general
Ayer Test Laboratoriesdoes neat testing (H I) and stress testing (ST) on materials and operates at capacity. Under its current simple costing system, Ayer aggregates all operating costs of $1,360,000 into a single overhead cost pool. Ayer calculates ..
Discuss the relative importance of different classifications of assets to total assets. What additional information would you expect to find in the notes to the financial statements about major classification of assets?
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