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Carr Company produces a single product. During the past year, Carr manufactured 25,000 units and sold 20,000 units. Production costs for the year were as follows:Sales totaled $850,000, variable selling expenses totaled $110,000, and fixed selling and administrative expenses totaled $170,000. There were no units in beginning inventory. Assume that direct labor is a variable cost.
is an accounting entry necessary on the declaration date date of record or payment date when distributing a
While posting transactions, why do you need to record the respective General Journal and General Ledger page numbers in the post reference columns?
A construction company can lease an asset for the next four years by making lease payments that are equivalent to annual payments of $3,000 at year 0, $6000 at year 1, $7000 at year 2, $7000 at year 3 and $4000 at year 4. Use a 12% minimum acceptable..
If sales double in October, what is the projected operating income?
a company has 125 per unit in variable costs and 175000 per year in fixed costs. the company wants a markup of 40. what
At the beginning of 2008, a decision was made to change to the straight-line method of depreciation for this equipment. Assuming a 30% tax rate, the cumulative effect of this accounting change on beginning retained earnings, net of tax, is
purchased land and a small office building for a total price of 90000 of which 35000 was the value of the land and
In a statement of cash flows in which operating activities are reported by the direct method, which of the following would increase reported cash flows from operating activities?
a companys product sells at 12 per unit and has a 5 per unitvariable cost. the companys total fixed costs are 98000.the
buy-rite pharmacy has purchased a small auto for delivering prescriptions. the auto was purchased for 9000 and will
Write the details of each partner's contribution in narrative form. At least one of the partners must have contributed more than just cash. If other assets are introduced, they must be realistic. Explain where they came from if necessary.
what are at least four depreciation methods that are available to a company?what are their similarities and
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