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Kelsie Co. recorded operating data for its shoe division for the year. The company's desired return is 5%.
Sales P1,000,000
Contribution margin ratio 40%
Total direct fixed costs - controllable 130,000
Total direct fixed costs - uncontrollable 54,000
Total Indirect fixes costs 12,000
Average total operating assets 400,000
Problem 1: How much is the amount to be used for the performance evaluation of the segment?
big chuck wishes to maintain a 10000 minimum cash balance at all times. additional financing is available and retired
In the case of convertible bond that are assumed to be converted and are dilutive, elucidate how they are handled for purposes of diluted EPS computations.
Select Current Date in the appropriate field. Assets should be listed in order of liquidity, so Cash should be listed first. Liabilities should be reported in a
A taxpayer reports $45,000 as net profit on Schedule C. The taxpayer reports wageincome of $79,500. The .s deduction for AGI for the employer's share of the self employment tax
Prepare, in good form, the Income Statement for year ended December 31, 2019 with the two prior years shown for comparative purposes.
Purpose the journal entry on Partner's books for the acquisition of Sizemic Corporation's net assets.
Prepare journal entries required at December 31,2018 and December 31, 2019, assuming that the inventory is recorded at LCNRV, using a perpetual inventory
What has been the company's financial strategy? Why does Mr. Butler have to borrow so much money to support this seemingly profitable business? Has he been managing his company's cash flow wisely
Net income after tax of $60,000 is required. Find out the total sales revenue required to cover all costs, tax, and net income after tax target of $60,000.
Reacquired shares at $58 per share and then retires the other half. The journal entry to record the Retirement of the shares include which of the following?
Dividing An unincorporated business form consisting of two or more persons conducting business as co-owners for profit.Partnership Net Income. Stevens and Conyers had $43,000 and $171,000, respectively, in their January 1 capital balances. Net income..
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