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Question - Procter and Gamble is budgeting for next year. For one of its brands, P&G projects it will operate at 80% production capacity next year and forecasts the following:
Sales $80,000,000
Total Fixed Costs $20,000,000
Total Variable Costs $50,000,000
Total Costs $70,000,000
Net Income $10,000,000
Required - Determine the net income if sales are higher than expected and P&G realizes 90% production capacity?
Calculate the following for the company: gross accounts receivable at end-x8; allowance for bad debts at end-x8 (round to nearest 000); bad debt expense recognised in x8.
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Adger Corporation is a service company that measures its output based on the number of customers served
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