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Question - The Rapid Meal has two restaurants that are open 24 hours a day. Fixed costs for the two restaurants together total $450,000 per year. Service varies from a cup of coffee to full meals. The average sales bills per customer is $8. The average cost of food and other variable costs for each customer is $3.20. The income tax is 30%. Target net income is $105,000. Compute the revenue needed to earn the target net income.
P Ltd sells goods to a company based in the US on 1 April 2017. How much will P Ltd receive from the sale of US$750 000 to the bank, in Australian dollars
Why did Abbott acquire Solvay Pharmaceuticals? What policies did Abbott follow in accounting for the acquisition?
The prize in last year's Vegas lottery was estimated to be worth $60 million. If interest rates are 8 percent compounded annually, what is the present value
Gandolph Game Company has established the following standards for the prime costs of one unit of its chief product, dartboards.
Ignoring income taxes, prepare the journal entry relating to the machine for 2016
What do you feel was the most useful information gained from the more advanced costing system implementations discussed in the articles?
December 1, 2018 disclaiming the car. In all cases, the disclaimers pass the interest to his son (the next heir under state law). The Federal gift tax applies
You are given the following information for last year for Four Corners, Inc. (FCI). What was the change in net working capital during last year
in january the knox comapny requisitions raw materials for production as follows job 1 900 job 2 1400 job 3 700 and
Describe activity-based costing system and the common cost drivers that could be used
Prepare June flexible budgets showing expected sales, costs, and net income assuming 20,000, 25,000, and 30,000 units of output produced and sold
In what ways are the characteristics of e-business different from e-commerce?
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