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Question - A company produces 3 products under one facility with shared fixed costs. The following data relates to these products.
X
Y
Z
Selling price
1800
1500
2200
Variable cost
1000
800
1300
The common fixed costs are 7800000.
Required - Calculate the net profit on a sale of 15000 units if the company adopts a sales mix ratio of 3.2.1.
Alpha is certain that it will be unable to collect the $550. Use this information to prepare the General Journal entry (without explanation) for August 15.
A capital budgeting decision is being considered that would involve an expansion and simultaneous replacement. What is the depreciation ?
A company sells a fixed asset (equipment) for $30,000. The asset originally cost $80,000 and had accumulated depreciation of $55,000 at the time of the sale. Select the journal entry to recognize the sale. Debit Cash $30,000 Debit Accumulated Depreci..
Sally's Hair Supply Income Statement For the Year Ended December 31, 2015 ($ in thousands) Sales revenue $ 15,000 Operating expenses: Cost of goods sold $ 5,000 Depreciation 400 Insurance 900 Administrative. Prepare Sally's Hair Supply's statement of..
SMC's incremental borrowing rate 6%. Find whether the lease is an operating or a finance lease from the perspective of Lessor Co.
Identify any internal control weaknesses and suggest improvements to strengthen the internal controls over machinery and equipment at Rider.
What is the effective rate of interest you will pay if you do not take advantage of the cash discounts given 2/10, n/30? (Do not round intermediate calculations
How many of the factors will have an effect on the amount of depreciation charged on an asset in a particular accounting period?
Blue should have taken $910 and $7,272 cost recovery in 2009 and 2010. On January 1, 2011, the asset was sold for $180,000. Calculate gain or loss on the sale of the asset in 2011.
If the required rate of return is 12%, evaluate the project's desirability using The net present value method,The profitability index method
Describes 2 main types of budgeting: static budgets and flexible budgets.Provide an example of the type of business or company.
Prepare Babbel's statement of cash flows for the year ended June 30, 2019, using the indirect method Make a reconciliation with the change in cash
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