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Question - Kate is considering going into business producing music books to sell to elementary schools. She has an offer from a publication firm that will charge her $5,000 setup fee and $1.50 per book. She estimates that she can sell; each book for $4.00. She plans to sell 3,500 books.
A. What is the contribution margin per book?
B. Prepare a contribution margin income statement.
C. How many books does Kate need to sell in order to break even?
D. Assume that Katie wants to earn a profit of $4,000. Calculate the number of books Katie needs to sell to earn a desired profit of $4,000.
E. Assume that Katir estimates that she can sell 3,500 books. What is Katie's margin of safety in number of units?
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win corporation sells a single product. budgeted sales for the year are anticipated to be 675521 units estimated
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On the basis of the explanation for each entry, prepare the entry that should have been made for the capital stocktransactions.
Net cash provided by jamison operating activities was?
FOR WSSI: The highlighted cells are the ones that should be completed. Opening stock, forward requirement and OTB should only be calculated for the first 3 months as indicated by the highlights
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Prepare the journal entries to reflect the above transactions. Prepare an Income Statement for the Quarter ended March 31, 2009.
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