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Computing contribution margin
AirTel Company sold 10,000 units of its product at a price of $80 per unit. Total variable cost is $50 per unit consisting of $40 in variable production cost and $10 in variable selling and administrative cost. Compute the contribution margin.
Prepare an adjusted trial balance and Prepare an income statement, a statement of owner's equity, and a balance sheet.
During the 2011 holiday season, Bob, a barber, gave business gifts to 34 customers. The values of the gifts, which were not of a promotional nature, were as follows: For 2011, illustrate what is the amount of Bob's business gift deduction?
Use this information to prepare a monthly cash budget for Roche City for Jan, Feb, and March of 2006.
Evaluate of Dividend per share, Net Dividend per share and Retention Ratio. If each preferred shareholder pays an income tax of 33.33% on their dividend income, what will be their net dividend earning? What is the retention ratio?
Classification of cash flows in to Operating, Investing or Financing activities and Cash Flow Classifications
Prepare a 3-year schedule of interest bond and revenue discount amortization, applying the straight-line method ?
Illustrate what is the net present value if the cost of capital is 12 percent (ignore income taxes)? If required, round to the nearest whole dollar.
Give the appropriate journal entries for Lester Company through 31 st December, 2009. Based on the above lease contract, answer the following:-Item(s) and related amount(s) in years 2008 and 2009 reported on:1. Income Statement 2. Balance Sheet 3. S..
For each of the above dates, determine the intrinsic value and the time value of the option. and If the price of diesel fuel remained below $2.16 per barrel through November, calculate the effect on earnings traceable to the hedge.
Explain is there an alternative substantive procedure that you could perform that would provide convincing evidence that this balance is collectible?
Find Variable expense per unit, and total fixed expenses. Would you advise adopting this plan?
Compute the cost allocation rate for each activity. Calculate the average manufacturing cost of each sewing machine assuming direct Materials are $175 per machine.
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