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Use the following information to answer questions
Sale Revenue (1,000 units x $400 per unit) $400,000
Variable Cost per unit (1,000 units x $200 per unit) 200,000
Contribution Margin 200,000
Fixed Costs 110,000
Income $ 90,000
Problem 1: Calculate the Contribution Margin ratio
Problem 2: Calculate the number of units they need to sell to break even
Purchase furniture and equipment costing $33,000. A cash payment of 12,000 was made immediately; the reminder will be paid in 6 months
salaries were paid to employees on the last day of each month, and social security tax, Medicare tax, and federal income tax were withheld in the required amounts.
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What was the amount of its total liabilities at the end of the year? Sawaddee Enterprises began the year with total assets of $450,000
Who is responsible for detecting fraud within an organisation? What is the auditor’s responsibility? What should they do to meet their responsibility? Give specific examples.
Analyse the issues. Gillian Tool Ltd. (Gillian) is a small manufacturer of precision tools used by companies such as auto parts manufacturers.
If Farmington outsources the Engineering Department, what is the maximum they can pay an outside vendor without increasing total costs?
what is the lessor's amount to be amortized? Assume Wrenn's marginal tax rate is 40%
Shown below are selected data from the balance sheet of Pear, a small electronics store. What is the amount of working capital?
Might this report be different if the report was for your manager? Might this report be different if the owner of a business was your client?
Sibble Corporation is considering the purchase of a machine that would cost $330,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $50,000. Gull Inc. is considering the acquisition of equipment that cost..
Acme purchased a property that included both land and a building for $200,000. Acme hired an appraiser who determined that the market value of the land was $140,000 and the market value of the building was $50,000. At what amount should Acme record t..
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