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Question - Americana Replics is owned and operated by a craftsman who makes replicas of historic firearms for museums, sportsmen, and collectors. He is currently producing 63 flintlock muskets per month. Cost data for the muskets are as follows: Price per unit $750 Variable costs per unit 480 Fixed costs per month 8,400.
If Rustic expects to sell 60 units per month, how much is his margin of safety expressed in sales revenue?
Schumacher Company uses the perpetual inventory system, and it engaged in the following transactions during 2012.
The Retained Earnings balance was $24,100 on January 1. What was the amount of dividends declared during the year
Krizum Industries makes heavy construction equipment. The standard for a particular crane calls. How many actual direct labor-hours were worked?
Prepare to Owner Capital and Income Summary accounts. Prepare post-closing trial balance at July 31? How do I Prepare the closing entries.?
An amortization schedule for bonds issued at a premium: A. Summarizes the amortization of the premium, a contra-asset account with a credit balance. B. Is reported in the balance sheet.
silverado company purchased equipment having an invoice price of 8000. the terms of sale were 210 n30 and silveradopaid
Carleton Service Center just purchased an automobile hoist for $15,000.The hoist has a 5-year life and an estimated salvage value of $1,080. Installation costs were $2,900, and freight charges were $820. Carleton uses straight-line depreciation.
What is the most important output of the accounting cycle? Do all companies have an accounting cycle? Explain using examples
Assuming that these are the only transactions, what is the amount of the net cash flows from operating activities on Behren's cash flow statement
Assume that the minimum subscription was reached, the offer closed on 15 March 2013, Prepare the journal entries required to be processed
A company has gross payroll of $30,000; federal income tax withheld of $6,000; How much will the income statement show for salary expense
As the controller and a management accountant, what is your responsibility to this project? What is the net present value of the proposed investment
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