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Question - In the month of April, Avante Salon gave 3,100 haircuts, shampoos, and permanents at an average price of $30. During the month, fixed costs were $20,900 and variable costs were 75% of sales.
Instructions - Show and label all calculations
(a) Determine the contribution margin in dollars, per unit, and as a ratio.
(b) Using the contribution margin technique, compute the break-even point in dollars and in units.
(c) What sales are necessary to earn an income of $50,000?
(d) Compute the margin of safety dollars and as a ratio.
Morgan transfers consideration more than the company's net assets. How should the payment in excess of the fair value be accounted
First Lincoln Bank agreed to settle the debt in exchange for land having a fair value of $16 million but carried on Rothschild Chair Company's books at $13 million.
What strictly military lessons have you learned from the course so far that would help you accomplish your mission more effectively?
Write a 700- to 1,050-word paper in which you explain the nature and functions of auditing. Relate your explanation to the audit functions in your organization, or an organization with which you are familiar. In your paper, be sure to address the ..
Which of the following is true regarding the contribution margin ratio of a single product company?
Write a paper about Job-Order Costing in service Companies. Select one of the items you find in your search that you found particularly helpful in learning the topic and post a summary of the resource and a link to the resource.
On 22 July 2019, the directors became aware of broken glass found in their pre-packaged sandpits. Determine the treatment required in the financial statements
Compute the 2019 standard deduction for the following taxpayers. Frazier, age 55, is married but is filing separate return. His wife Emma itemizes her deduction
wayne amp compnay inc. a construction equipment manufacturer leased equipment that it manufactured to indiana
macy had a lot of medical expenses this year that were not covered by her insurance either due to a deductible
The accountant in a factory that produces biscuits for fast-food restaurants wants to assign costs to boxes of biscuits. Which of the following costs can be traced directly to boxes of biscuits?
What is the all-in-cost (i.e., the internal rate of return) of the York loan including the LIBOR rate, fixed spread and upfront fee? What portion of the cost of the loan is at risk of changing?
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