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The Poseidon Swim Company produces swim trunks. The average sellling price for one of their swim trunks is $ 88.72. The variable cost per unit is $18.60, Poseidon Swim has average fixed costs per year of $6,590.
Question 1: Determine the degree of operating leverage for the level of production and sales 314 swim trunks. Round the answer to two decimal places.
Inventory valuation methods determine the cost of goods sold and the inventory balance. (1) Explain how the Last in First out (LIFO) method is applied (15 points) and (2) provide an example of the impact that this method of inventory valuation will h..
George company has two service department mainteance, department, and personnel department, and two producing departments, Y and Z. The maintenance department costs of 120,000 are allocated on the basis of standard service used. The personnel departm..
Which of the following statements is not an advantage of a database?
When Enron, with $62 billion in assets, declared bankruptcy in December 2001, it was the largest bankruptcy in U.S. history. In June 2002, Arthur Andersen, once the largest CPA firm, collapsed. In response to these problems, Congress passed the Sarba..
Dodge, Incorporated acquires 15% of Gates Corporation on January 1, 2011, for $105,000 when the book value of Gates was $600,000. During 2011 Gates reported net income of $150,000 and paid dividends of $50,000. On January 1, 2012, Dodge purchased an ..
How the interest expenses is calculated ? simple or compound interest and why. Why the principle loan payment is not considered in the capital budgeting ?
calculation of no. of days in conversion cycle.primrose corp has 15 million of sales 2 million of inventories 3
His drawings were: cash £750 per week for 52 weeks, cheque payments £1,500. Draw up statements to show the profit or loss for the year.
your friend comments i just ignore the income statement when im making an investment decision. all i care about is the
Carla Carter, the manager of Edge Products’ Brazilian Division, is trying to set the production schedule for the last quarter of the year. The division can rent warehouse space to store up to 1,000 units. The minimum inventory level that the division..
Oslo Company prepared the following contribution format income statement based on a sales volume of 1,000 units. If the selling price increases by $1.50 per unit and the sales volume decreases by 100 units, what would be the net operating income?
If you want to make sure your active strategy adds value, how much can you spend on security analysis?
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