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Ellis Quilting Company makes blankets that it markets through a variety of department stores. It makes the blankets in batches of 1,000 units. Ellis made 20,000 blankets during the prior accounting period. The cost of producing the blankets is summarized her.
Required a. Kent Motels has offered to buy a batch of 500 blankets for $56 each. Ellis's normal selling price is $90 per unit. Based on the preceding quantitative data, should Ellis accept the special order? Support your answer with appropriate computations. b. Would you answer to Requirement a change if Kent offered to by a batch of 1,000 blankets for $56 per unit? Support your answer with appropriate computations. c. Describe the qualitative factors that Ellis Quilting Company should consider before accepting a special order to sell blankets to Kent Motels.
corporate ethics and fraud have received much media attention through reporting of scandals at major corporations. you
Top management has decided the transfers between the two divisions should be at $19. Compute the effect of the transfer on the net income for the Battery Division, Automotive Division, and the total company
West County Bank agrees to lend Drake Builders Company $100,000 on January 1. Drake Builders Company signs a $100,000, 6%, 6-month note. What is the adjusting entry required if Drake Builders Company prepares financial statements on March 30?
A cash basis calendar year C corporation in Athens, Georgia, had $100,000 of accounts receivable on the date of its conversion to an S corporation on February 14. By the end of the year, $60,000 of these receivables had been collected. Calculate a..
the stockholdersu2019 equity accounts of ashley corporation on january 1 2012 were as follows.preferred stock 8 49 par
interfund transactions are reciprocal or nonreciprocal. prepare journal entries to record the following interfund
Provide at least one college level paragraph. Examples would be helpful and appreciated, Thank you.
wenner furnace corp. purchased machinery for 421290 on may 1 2012. it is estimated that it will have a useful life of
The following questions concern independence and the Code of Professional Conduct or GAAS. Choose the best response.
Depreciation of general capital assets is not recorded in the accounts of any of the governmental funds. If a building is transferred from the General Fund to an internal service fund because the character of its use changes, should the internal s..
employee benefits. al flies for aaa airlines. aaa provides its employees with several fringe benefits. al and his
Manufacturing costs consisited of direct labor,$30000,direct materials $32000,varible manufaacturing overhead,$3500,fixed manufactring overhead $21500.Selling and administrative costs are all fixed and totaled $24000.Beginning inventory consists o..
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