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Question - A manufacturer has invested $120,000 in a new product and wants to set a price to earn a $80,000 profit. The variable cost per unit is $20 and the company sells the units at $100. How many units does the company need to sell to reach the target profit?
Journalize the following transactions in the accounts of Linden Company, a restaurant supply company that uses the allowance method of accounting for uncollectible receivables:
The Thompson Corporation projects an increase in sales from $1.5 to $2 million, What is the effective, or equivalent, annual cost of the trade credit
The company uses an internally generated cost index to convert ending inventory to base year.
Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding
Determine John parents cannot claim as dependent in current year.If they were to file separately. John would report a $0 tax liability. John's wife would report
assume that you have been offered cash discounts on merchandise that can be purchased from either of two suppliers.
Michigan Mfg. makes electronic products. How many of each product should the Chicago plant make? Explain your answer
Access EDGAR online (www.sec.gov) and locate the 2009 year 10-K report of Amazon.com (ticker AMZN) filed on January 29, 2010.
the following transactions occurred during 2013. assume that depreciation of 10 per year is charged on all machinery
During November, Arrow purchased 160,000 pounds of direct materials at a total cost of $304,000. What is the direct labor price (rate) variance for November
Price Manufacturing assigns overhead based on machine hours. Department A logs 1,200 machine hours and Department B shows 2,000 machine hours for the period. If the overhead rate is $5 per machine hour, the entry to assign overhead will show a:
1. in 2012 mordica co. issued 300 000 of its 500 000 authorized shares of 10 par value common stock at 35 per share. in
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