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National investor group is opening an office in Portland. Fixed monthly costs are office rent (8500, depreciation on office furniture ($2000), utilities ($2100), special telephone lines ($1100), connection with brokerage service ($2800), and the salary of a financial planner ($4500). Varible cost include payments to financial planner (8% of revenue), advertising (13% of revenue), supplies and postage 3% of revenue and usuage fees for telephone lines 6% of revenue.
Use the Contribution margin ratio CVP formula to compute National breakeven in dollars. If the average trade leads to $1000 in revenue for National how many trades must be made to break even?
Determine amount of interest to be capitalized in 2010 in relation to the construction of the building. Prepare the journal entry to record the capitalization of interest and the recognition of interest expense, if any, at December 31, 2010.
Affects the bank or book side of bank reconciliation and (ii) represents an addition or a subtraction in bank reconciliation
Prepare journal entries in the General Fund of the Brownville School District.
During 2010, the S corporation reported an $80,000 ordinary business loss and no separately stated items. Explain how much of the ordinary loss is deductible by Jamaal if he owns 50% of the S corporation?
What is the cost of the raw materials requisitioned in June for each of the three jobs?
Explain the advantage of using a flexible budget. Also, why are flexible overhead budgets based on an activity measure, such as hours or process time or machine time?
Use an available tax research service to determine how much income, if any, does Latrell have to recognize as a result of purchasing an airline ticket with Skymiles earned from business travel.
What factors might increase the credibility of the signal provided by BHP Billiton's announcement and media attention? What factors might decrease the credibility of this signal?
In 2011, Julia is single and earns a salary of $65,000. Her allowable deductions for adjusted gross income total $1,200 and she has $4,200 of allowable itemized deductions. What is Julia’s taxable income?
Interest upon how much of the mortgage can they deduct for regular tax purposes and where is it deducted if it is deductible? Interest upon how much of the mortgage can they deduct for AMT tax purposes?
Fluent, an investor in stocks and bonds, wanted to increase his portfolio but wanted to minimize his tax liability on the income from the bonds. Which should he choose for his investment?
Determine the amount of interest Jonathan should capitalize as part of the cost of the building in 2008 and 2009. Evaluate the total cost of the building?
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