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Problem 1: Calculate the sales value required to achieve a net profit of R150 000, using the marginal income ratio. Calculate the sales value required to achieve a net profit of R150 000, using the marginal income ratio
Total production and sales 2 300 unitsSelling price per unit R200
Variable manufacturing costs per unit:
Direct materials R60Direct labour R40Overheads R20
Fixed manufacturing overheads R200 000
Other costs:Fixed marketing and administrative costs R100 000Sales commission 10% of sales
How do journalize a transaction in accounting that is an uncollectable amount for instance Mar. 17 Received $275 from Shawn McNeely
In 2016, Dominique and Felix are married and file a joint tax return. Their AGI is $323,800, and they claim three exemptions. The personal exemption amount for 2016 is $4,050 and the phase out threshold for married filing a joint tax return is $311,3..
Based on the above the information, make cash flow statement and balance sheet for Dean and Brittany, also report the following financial ratios.
Provide an analysis of the accounting for each fixed asset item using US GAAP and IFRS. Assume the Company uses straight-line depreciation for all its fixed assets and takes a full year of depreciation in the year of the addition.
Discuss and conclude whether you agree with Foodage's stated reasons for their non-compliance with the King III requirements, based on the extracts from the 2012 corporate governance report.
Which Portion of deposit kept as a caution against possible bank illiquidity is best described by? Why governments issue the bonds
How much will you pay in interest, and how much will you pay in principal, during the 20th year (i.e., between 19 and 20 years from now)
December 31, 2018 and December 31, 2019, respectively. What is the compensation expense for 2019 as a result of the share appreciation rights?
One doctor has been sued for several million dollars as the result of a recent operation. Because of what appears to be this doctor’s very poor judgment, a patient died. What liability do the other six partners in this medical practice have in connec..
The dividend shares are issued on December 31. Prepare the entries for the declaration and payment of the stock dividend.
In the recent years, If Bus 2 was purchased on April 1 instead of January 1, what is the depreciation expense for this bus in 2018 and 2019?
What steps are involved in planning the costing framework, how much time should be expended on account review?
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