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A merchandising firm sells a single product. the companies revenues and expenses for the last three months are given below.
April May Junesales in units 4500 5250 6000sales revenue 630000 735000 840000COGS 252000 294000 336000Gross Margin 378000 441000 504000Selling & Admin Expenses:Shipping Exp 56000 63500 71000Adv. exp 70000 70000 70000sal and Comm 143000 161750 180500insurance exp 9000 9000 9000depreciation exp 42000 42000 42000total selling&admin exp 320000 346250 372500Net Operating Exp 58000 94750 131500
Required:
a) Determine which expenses are mixed and, by use of the high low method, seperate each mixed expense into its variable and fixed components. state the cost formula for each mixed expense.
b) Compute the company's total contribution margins for May.
Construct a single month's cash budget with the information given. What is the average cash gain or (loss) during a typical month for Chadmark Corporation?
General Motors Corp. is the world's largest automaker and has led the auto industry worldwide in sales since 1938. GM employs over 324,000 people worldwide, with manufacturing operations in 32 countries and sales operations in 200 countries.
Evaluate the potential impact an upgrade can have on cost identification during the various stages of production an upgrade can have on cost identification during the various stages of production
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Which of the following 3 bonds should I invest in assuming a 7% interst rate? Please show how you manually calculated this.
The common stock equivalents added to the company's weighted average shares outstanding used for basic earnings per share was computed using the treasury stock methods.
The managing partner of the firm decides to accept the engagement. A major factor in the decision is that the firm does not have any clients in the construction industry and this will provide valuable experience. He promptly calls the president an..
The purpose of this assignment is to get a picture of the various roles managers play and the skills required to perform effectively in an accounting role.
Speculate which regulatory changes will be the top priority for management. Then, suggest a timetable in which management should start getting ready for the change.
Regarding the gift splitting provision of 2513, comment on the following.
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