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Donnelly Corporation manufactures and sells T-shirts imprinted with college names and slogans. Last year, the shirts sold for $7.50 each, and the variable cost to manufacture them was $2.25 per unit. The company needed to sell 20,000 shirts to break even. The after tax net income last year was $5,040. Donnelly's expectations for the coming year include the following: • The sales price of the T-shirts will be $9 • Variable cost to manufacture will increase by one-third • Fixed costs will increase by 10% • The income tax rate of 40% will be unchanged. The number of T-shirts Donnelly Corporation must sell to break even in the coming year?
On November 28, 2010, she sold 48 shares, which could not be specifically identified, for $576 and on December 8, 2010, she sold another 25 shares of $188, What was her recognized gain or loss?
What is the adjusted balance on the bank reconciliation? Journalize any necessary entries for ABC, Inc. based on the bank reconciliation.
wilson company has a predetermined overhead rate of 70 of direct labor cost. during the month 350000 of factory labor
Adverse selection problems increased in prominence in the 1980s - as deregulation required savings and loans and mutual savings banks to be more cautious.
Manchester Foundry produced 45,000 tons of steel in March at a cost of £1,150,000. In April, the foundry produced 35,000 tons at a cost of £950,000. Using only these two data points, determine the cost function for Manchester.
a review of the ledger of terrell company at december 31 2012produces these data pertaining to the preparation of
the andrew jackson corporation a manufacturer of the hickory walking sticks made of hickory gathered the following
the standard factory overhead rate is 7.50 per machine hour 6.20 for variable factory overhad and 1.30 for fixed
which variance will be unfavorable due to employees working more hours than allowed for the actual number of units
southlake corporation issued 900000 of 8 bonds on march 1 20x1. the bonds pay interest on march 1 and september 1 and
krew kutters net income was 100000 last year. the company has 10000 shares of common stock and 4000 shares of 200 par
Dalton construction contracted to build a bridge for $5,000,000. Construction began in 2010 and was completed in 2011. Data relating to construction are:
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