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Hollis Industries produces flash drives for computers, which it sells for $20 each. Each flash drive costs $12 of variable costs to make. During April, 1,000 drives were sold. Fixed costs for March were $2 per unit for a total of $1,000 for the month. How much is the contribution margin ratio?
the fasb asc paragraph 810-10-45-16 states acirceurooeligthe noncontrolling interest shall be reported in the
You are an investment manager who is currently managing assets worth $6 billion. You believe that active management of your fund could generate between an additional one tenth of 1% return on the portfolio. If you want to make sure your active str..
nbspmike purchased a heavy-duty truck five yearclass recovery property for his delivery service on april 302008. the
Describe how the perpetual inventory system works. What are some advantages of using the perpetual inventory system? Is it necessary to take physical inventory when using the perpetual system?
Explain how the process compares to an acquisition (or should we say Statutory Merger) when the acquired subsidiary is dissolved in the year of acquisition.
Using the information outlined above, what is the value of the ending inventory for a perpetual inventory system using the FIFO inventory valuation?
the cardinal co. produces t-shirts for promotion. the costs of producing and selling a single t-shirt at the companys
company prepared the following absorption-costing income statement for the first year of operations. the income
define the generally accepted accounting principles that justify making adjusting entries and speculate on the primary
1. on january 1 2005 wintz corporation acquired machinery at a cost of 600000. wintz adopted the straight-line method
The common shares have a market price of $22.50 per share on the grant date. Suppose Magnetic Optical expected a 10% forfeiture rate on the restricted shares prior to vesting Determine the total compensation cost.
marty and michelle hall both under 65 years of age file a joint return for 2013. their adjusted gross income for the
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