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Information for Pueblo Company follows:
Product A Product B
Sales Revenue $55,000 $54,000
Less: Total Variable Cost $10,400 $16,850
Contribution Margin $44,600 $37,150
The total fixed costs are $30,000.
Problem 1: Determine target sales needed to earn a $25,000 target profit.
Create journal entries to record the transactions on 30 June 2019 and 30 June 2020 in accordance to IAS 36/AASB 136 Impairment of Assets requirements.
Calculate the current ratio. Long-Term Liabilities 5,000. Total Liabilities 15,000. Total Equity $10,000. Net Profit Margin 8%. Total Sales 20,000
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Required: Profit and Loss Account for the year ended 31 December 2015. Balance Sheet as at 31 December 2015
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Becton Labs, Inc., produces various chemical compounds for industrial use. One compound, called Fludex, is prepared using an elaborate distilling process. The company has developed standard costs for one unit of Fludex, as follows: Standard Quantity ..
Garliet Company has entered into a long-term assignment agreement. Prepare the journal entry on Garliet Company's book to record the transactions.
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