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Exercise
Repairs has 200 auto-maintenance service outlets nationwide. It performs primarily two lines of service: oil changes and brake repair. Oil change-related services represent 60% of its sales and provide a contribution margin ratio of 20%. Brake repair represents 40% of its sales and provides a 45% contribution margin ratio. The company's fixed costs are $15,800,000 (that is, $79,000 per service outlet).
Calculate the dollar amount of each type of service that the company must provide in order to break even. (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)
The company has a desired net income of $52,000 per service outlet. What is the dollar amount of each type of service that must be performed by each service outlet to meet its target net income per outlet? (Use Weighted-Average Contribution Margin Ratio rounded to 2 decimal places e.g. 0.25 and round final answers to 0 decimal places, e.g. 2,510.)
schopp inc. has been manufacturing its own shades for its table lamps. the company is currently operating at 100 of
Calculate the amount of dividends declared during 20x8 on the nonconvertible preferred stock.
What is the net income to 2 decimal places for January? Enter monetary amount excluding any formatting, e.g. 9999.99. What was the total debit to the purchases account for January? What are the total sales from the sales journal
profitability ratios low carb diet supplement inc. has two divisions. division a has a profit of 100000 on sales of
Discuss the relative objectivity of the measurement process of accrual versus cash (pay-as-you-go) accounting for annual pension costs.
prepare journal entries for the following transactions involving notes payable for homer company whose fiscal year ends
There are several forms of corporations, each designed to meet the specific needs of its stockholders. The appropriate form is generally dependent on the size.
one of the benefits of excel is the ability to use formulas and functions. discuss the differences between formulas and
Professional standards require independence in fact and appearance in regards to assigning auditors to engagements. Briefly define the terms in fact and appearance. What are the ethical implications and rationale for these auditing procedures?
Who are the different users of accounting information? What are the differences between managerial and financial accounting? What is the role of the CPA and how does it differ from other accountants?
Do both public and nonpublic or not-for-profit organizations comply with the regulations of all regulatory bodies? Why or why not? Are there gray areas?
at the beginning of the period the cutting department budgeted direct labor of 155000 direct material of 165000 and
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