Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Using thefollowing Income Statement for ABC's Company, compute the firm's breakeven point.
Sales (30,000units) $150,000
Variablecosts 100,800
ContributionMargin $ 49,200
Fixed Manufacturing Costs 24,000
OperatingIncome $ 25,200
Interest 18,000
Earnings beforetaxes $ 7,200
Taxes(30%) 2,160
NetIncome $ 5,040
The breakeven point is:
(a) 4,800 units
(b) 14,634 units
(c) 7,142 units
(d) 18,000 units
For January, February, and March, prepare a schedule of monthly cash receipts, monthly cash payments, and a complete monthly cashbudget with borrowings and repayments.
List some Accounting Information system (AIS) and Management information system.
A substantive test of transactions to test the completeness assertion includes?
A company expected its annual overhead costs to be $ 600000 and direct labor costs to be $ 1000000. Actual overhead was $ 580000 and actual labor costs totaled $ 1100000. how much is the company's predetermined overhead rate to the nearest rent?
Ashland Burglar Alarms Inc. sells a single product. The product has a selling price of $50 per unit and variable expenses of 80% of sales. If the company's fixed expenses total $150,000 per year, then it will have a break-even point in sales dolla..
Determine for each plan the earnings per share of common stock, assuming that the income before bond interest and income tax is $2,600,000. Discuss the advantages and disadvantages of each plan.
A company paid $500,000 for 12% bonds with a par value of $500,000. The bonds pay 6% interest semiannually on September 1 and March 1. The company intends to hold the bonds until they mature. Prepare the journal entries for the following dates and..
What might a manager do during the last quarter of a fiscal year if she wanted to improve current annual net income?
Mayberry Gas Corp. sells $200,000 of bonds to private investors. The bonds are due in five years, have an 8% coupon rate, and interest is paid semi-annually. The bonds were sold to yield 6%. What proceeds does Mayberry receive from the investors?
2,000,000 shares of capital stocks at $3 par value were issued the company issued half of the stock for cash at $8 per share, and earnded $90,000 during the first three months of operation, and declared a cash dividend of $15,000 what would be the..
On September 3, 2009, Able purchased S 1244 stock in Red Corporation for $6,000. On December 31, 2009 the stock was worth $8,500. On August 15,2010 Able was notified that the stock was worthless. How should able report this item on his 2009 and 20..
Prepare any necessary adjusting entries relative to depreciation (use straight-line) and amortization (use effective-interest method) on December 31, 2011.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd