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The Foggy Daze Company sells a one size fits all rain poncho for $11.50. Varaible costs per unit is $3.50 and toal fixed costs are $572,200. The corporate tax rate is 20% and the company wants to earn an after-tax profit of $240,000. How many units must be sold to achieve the after tax profit goal?
What were Coca-Cola's and PepsiCo's net revenues (sales) for the year 2007? Which company increased its revenues more (dollars and percentage) from 2006 to 2007?
On hearing that you are undertaking a subject in accounting as a part of your degree you are approached by a friend, Michael Graham, to give him advice regarding the potential purchase of a business.
Ways in which creative accounting activities are exercised in financial reporting and the extent to which the responses of UK and US legislators and standard setters have succeeded in minimising the scope for such activities.
What is total estimated cost for August if 30,000 units are projected to be produced and sold?
What is the market value of 10% bonds sold on bond issue date; 10 yr life; interest payable semiannually; effective rate,12% and what formulas do I use ? PV = FV x IF with my present value of a single payment
The ending merchandise inventory is $25,000. Elucidate a cost of goods sold section for the year ending August 31 (periodic inventory.
Evaluate the ethical implications of Acme's “deferral” of income taxes and who could be harmed by Acme's ability to “defer” income taxes payable for several years, despite positive earnings.
What is the interest rate, to the nearest percent, used in discounting this purchase transaction Assume the interest rate is constant over the entire investment.
Current Liabilities: entries and disclosures. 1-Dec borrowed $10,000 from First City Bank by signing a 3 month, 15% note payable. Interest and payment are due at maturity.
Evaluated the given variances for materials quantity variances and price.
As one of your first assignments as a new hire on the corporate treasurer’s staff of Global Enterprises, Ltd., you are asked to prepare an exchange rate forecast for the Zonolian ecru (ZOE). Specifically, you are expected to forecast what the spot ra..
In calculating the allowance for doubtful debts last year (year ended 30 June 2013) the accounts clerk who did the calculation made a big error is his excel spreadsheet and understated the amount significantly.
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