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Questions -
Q1) John Jones wrote a 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 $90,600 per year
Selling & administrative 21,300 per year
How many units must be sold to break-even? Round to two decimal places.
Q2) Assume Blu Skies Co. expects to sell 150 fans next month. The fans sales price is $90, fans variable cost is $40, and the fixed costs per month are $5,000. The margin of safety in terms of sales revenue is?
Phelps, Inc., had assets of $67,646 and liabilities of $15,466 at the close of 2013 with 10,718 shares, Calculate the Price/Earnings Ratio for 2014
Compute the equivalent units of input resources for the Coating Department
During the month, Gilbert Labs Co. has a substantial number of transactions affecting each of the following accounts.
Banc Six Corp. provides the following information related to its postretirement benefits for the year 2017. Compute postretirement benefit expense for 2017.
Bowie Sporting Goods manufactures sleeping bags. The manufacturing standards per sleeping bag, Find the materials price variance
Calculate the book value of each asset and determine which assets are impaired. What amount of impairment loss will Axel report on December 31, 2017
What caused the budget to actual variances. Please explain and discuss the implications to the company if these trends continue
presented below is pre-tax financial information of the mickey corporation for 20x8.cost of goods
Compute the ending inventory under the following cost flow assumptions. lower of cost or market (based on average cost),FIFO
List some of the problems with the use of ROE, and in your own words, explain the nature of these problems.
Based on interview with purchasing manager prepare a document flowchart to document the acquisition to payment system that currently exists at Oriental Traders
Determine the pretax and after-tax profit margins for the construction company in Figures 6-1 and 6-2. What insight does this give you into the company's.
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