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Caldwell company produces three varieties of iron ore, X,Y, & Z from joint processing of raw mineral iron. The amount of each product produced in the first quarter of 2001 is 50,000 pounds, 150,000 pounds, and 300,000 pounds respectively. The selling price of each product per pound is $10, $7, & $3 respectively. The joint cost is $800,000. The seperable processing costs for each product is $40,000, $60,000 and $20,000 respectively. Determine the following: Joint costs allocated to each product X, Y, & Z using the physical volume method, relative sales value method, and net realizable value method. The unit cost of each product using the net realizable value method.
the note payable is dated june 30 2012 and is due on june 30 2014. interest at 6 is payable annually on june 30.
Martin Company sells a certain product for $15 per unit. The beginning inventory is 40,000 units, and the desired ending inventory is 32,000 units. If budgeted production is 100,000 units, what is the forecasted sales revenue from the product?
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If the firm issued no stock during the year, the dividends issued were $100, what's the net income over the period?
Maria Chevas bought a GIC (guaranteed investment certificate) on June 1 for $3,200. The certificate reached maturity on December 1 (it was a six-month certificate). On December 1, she cashed in the certificate and received her original $3,200 back..
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