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Tim Taylor has written a self improvement book that has the following cost characteristics:
Selling Price $16.00 per book
Variable cost per unit:
Production $4.00
Selling & administrative 2.00
Fixed costs:
Production $90,400 per year
Selling & administrative 18,900 per year
Question 1: How many units must be sold to break-even? Round to two decimal places.
ACCT495- Correct the trial balance by putting the accounts in the typical account number order. Record the adjusting journal entries. Compute the adjusted trial balance amounts.
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Prepare journal entries to record the following retirement. (Show computations and round to the nearest dollar.) The bonds were issued on December 31, 2012 at 95, with interest payable on June 30 and December 31. (Use straight-line amortization.) On ..
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