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Question - Vaughn Manufacturing has three product lines. Its only unprofitable line is Corn Nuts, the results of which appear below for 2013:
Sales $1390000
Variable expenses 910000
Fixed expenses 600000
Net loss (120000)
Required - If this product line is eliminated, 30% of the fixed expenses can be eliminated. How much are the relevant costs in the decision to eliminate this product line?
There are three partners in Stewart Enterprises: Stewart, Tedder and Armstrong. At the end of the year, the partners' capital accounts were in the ratio of 2:1:2, respectively. Compute the ending capital balances of the three partners.
Prepare the budgets for the year. Show data for each product. You do not need to prepare quarterly budgets sales
What is the total cost of inventory of the unsold handbags? HBO consigned to GEO 10 laptops costing P15,000 each, paying freight charge of P15,000.
Gross profit is $100,000 for 2019 and $120,000 for 2020. What is the amount and percentage of increase or decrease in gross profit
Keith had to move house to Sydney to look after his sick grandparents. Calculate the total amount, if any, to be included in Keith's assessable income
PT C plans to implement a project that requires an initial investment of $45,000 with a project life of 5 years. Calculate the Payback Period of the project
How much will George have to repay to the bank at the end of each month after interest has been compounded. in order to clear his debt in 25 years?
Compute the number of equivalent units produced by the department.
Records all its inventory acquisitions in a General Ledger account Purchases
The net assets of the firm as of this date approximate their fair values. If no bonus shall be allowed, how much should C invest in the partnership?
On August 14, Park Avenue Bank lent $210,000 to City Coffee Shop on a 75 day, 4?% note. What is the maturity value of the note?
at a sales volume of 37500 units thoma corporations sales commissions a cost that is variable with respect to sales
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