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Haywood Company sells a single product with a contribution margin of $5 per unit, fixed costs of $74,400, and sales for the current year of $100,000. What is the break-even point?
a. 5,120 units
b. $25,600
c. 6,200 units
d. 14,880 units
On jan 1 2011 pearce com purchased an 80% interest in the capital stock of searl com for 2460000. at the time searl co had capital stock of 1500000 amd retaines earnings of 300000. Calculate the controlling interest in consolidates net income for 2..
How much different is it to be able to take losses when the taxpayer is not active in the business but merely a "passive investor"?
An accountant for Jolley, Inc., a merchandising enterprise, has just finished posting all year-end adjusting entries to the ledger accounts and now wishes to close the appropriate account balances in preparation for the new period.
the balance sheet of the Indian River Electronics Corporation as of December 31, 2012, included 12.25% bonds having a face amount of $90 million.
a) Calculate the material price and usage variances for the month. b) Calculate the labor rate and efficiency variances for the month.
It reported $270,000 cash provided by operating activities. In order to maintain production at 5,200 laptops, Drake invested in $8,000 in equipment. Drake paid $2,000 in dividends. What is Drake's free cash flow?
At the time of purchase, the equipment had a list price of $20,000. When the balance sheet was prepared, the value of the equipment later rose to $22,000. What is the relevant amount at which to present the equipment on the balance sheet?
Didde Company issued $400,000 of 8%, 20-year bonds on January 1, 2010 at face value. Interest is payable annually on January 1. Prepare the journal entries to record the following events:
on may 1 dandy company had a work-in-process inventory of 10000 units. the units were 100 complete for material and 30
Pierce had no restrictions on the use of the advance rental payments and renders no services connection with the rental income. What amount of gross income should Pierce report on its 2009 tax return?
Expects to spend $1,050,000 more in the future. What is the net profit that the company will recognize in the current year related to these contracts?
desai inc. has the following data in thousands. assuming a 365-day year what is the firms cash conversion cycle? annual
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