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A company is estimating its costs based on past information. The total costs incurred by the company at different levels of output were as follows:
Output Total costs
(units) $
160,000 2,420,000
185,000 2,775,000
190,000 2,840,000
The company uses the high-low method to separate total costs into their fixed and variable elements. Ignore inflation.
The estimated total costs for an output of 205,000 units is
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problem at the beginning of the year a company bought three new machines for its production facilities. the machines
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it had a retail price of $37,000. In addition, Tighe’s employer gave him $5,000 with which to pay the taxes on the prize. How much must Tighe include in his gross income?
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Perez Company uses both standards and budgets. For the year, estimated production of Product X is 547,200 units. Total estimated cost for materials and labor are $1,203,840 and $1,586,880. Compute the estimates for (a) a standard cost and (b) a budge..
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T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
You have $20,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with an expected return of 11 percent. Assume your goal is to create a portfolio with an expected return of 12.55 percent. How..
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