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Collegebooks Company has two locations, downtown and on campus. During March, the company reported net income of $237,000 and sales of $1.2 million. The contribution margin in the downtown store was $320,000 (32% of sales). The contribution margin in the campus store is $110,000. Direct fixed costs are $90,000 in the downtown store and $93,000 in the campus location. How much are total variable costs?
Prepare a statement of financial condition for Mr. Holz as of December 31, 2008. Assume any gain on subsequent sale of the residence will not be tax-exempt.
1. which of the following procedures would an auditor most likely perform for year-end accounts receivable
louis company sells a single product at a price of 65 per unit. variable costs per unit are 45 and total fixed costs
hirams lakeside is a popular restaurant located on lake washington in seattle. the owner of the restaurant has been
a your company is constructing a factory building for its own use and takes out a 2 million loan 10 interest rate from
On January 1, 2006, Solomon Company purchased the following two machines for use in its production process. The journal entry to record its purchase on January 1, 2006.
Prepare a schedule showing a horizontal analysis for 2012, using 2011 as the base year.
the alphonse company allocates fixed overhead costs by machine hours and variable overhead costs by direct labor hours.
on july 23 of the current year dakota mining co. pays 4836000 for land estimated to contain 7800000 tons of recoverable
Prepaid Insurance $3,600; Cash $15,400; Supplies $5,200, and Short-term Investments $6,700. Prepare the current assets section of the balance sheet, listing the accounts in proper sequence.
the executive officers of rouse corporation have a performance-based compensation plan. the performance criteria of
at ruth company events and transactions during 2012 included the following. the tax rate for all items is 30.1
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