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ABC Solar Company produces garden lamps. the annual fixed costs are $110,00 and variable cost to make the solar garden lamps is $7.00 per unit. The expected selling price is $15.00.
1. Determine the numbers of units need to sell to break even.
2. What is the sales dollars to breakeven?
3. What the numbers of unit need to sell to make a $100,000 profit?
4. If only 10,000 lamps are sold, what is the profit or loss?
Prose Corp. owns 70% of the common stock of Script Co. Script's revenues for 20x1 totaled $200,000. What amount of Scripts' revenues would be included in the consolidated total under the economic unit concept?
What aspects of the company can you change in order to reduce the amount of fraud that is accruing? Use five most known factors relating to creating a culture of honesty, openess, and assistance to explain your answer.
Joe Jones has been a trusted employee for over 10 years. He is responsible for ordering merchandise inventory, receiving the inventory items, and authorizing the payment for these items. Which internal control principle, if any, is being violated?
problem
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evaluated that the total estimated life should be 10 years with a salvage value of $5,490 at end of that time. Consider straight-line depreciation.
Lara Co. traded its old computer for a new model. The following information is pertinent to this transaction: How much loss should Lara immediately recognize on this trade-in?
Audit Procedures for fraud detection in the revenue process. Assume that you have been assigned to the audit of Itakian Home Stores., which sells Italian furniture and home furnishings in two retail shops and on a website for online sales. Describe t..
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classification of different cash flow activities.cash flow classificationsfor each of the following items indicate
The truck is expected to have a salvage value of $4,000 at the end of its 5-year useful life. Calculate annual depreciation for the first and second years using the straight-line method.
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