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Question - Andre Fezzick manages a giant company in ND. Fixed costs are $10,000, direct labor is $3.50 per unit, and material is $4.50 per unit. Each unit sells for $12.50.
a. What is the break-even point in units?
b. How much revenue does Andre need to break even (i.e., what is the revenue break-even point using the previously rounded UP number of units)?
Tamarisk Mining Company declared, on April 20, a dividend of $582,000 payable on June 1. Prepare the April 20 and June 1 entries for Tamarisk
Prepare correcting general journal entries required at December 31, 2019, assuming that the books have not been closed. (If no entry is required)
Hoyle Locking produces keys for homes and cars. Total production of 3.000,000 keys at a tatal cost of $20,000 in 2014, what is the variable cost per key
aaa lock manufacturing co. makes and sells several models of locks. the cost records for the zforce lock show that
During the year, net sales were $250,000; gross profit was $100,000, net income was $40,000; Calculate the cost of goods sold
pension data for barry financial services inc. include the following in 000s discount rate 8 expected
On September 30th, 12,000 shares of common stock were reacquired as treasury stock. What is the appropriate number of shares
Determine cash flows (include all relevant expenses/costs.Compute IRR, NPV, Payback, Discounted Payback to make decision.Evaluate a major financial decision
1.Refer to KTM's most recent balance sheet in Appendix A. Identify and list its 7 current assets.
A. Compare the details of the cash receipts journal entries to the details of the corresponding daily deposit slips. B. Obtain the January bank statement and compare the cleared checks to the year end December bank reconciliation.
The income statement of Mid-South Logistics includes $12 million for vested past service cost. Does Mid-South Logistics prepare its financial statements according to U.S. GAAP or IFRS? Explain.
SSP sold 1.2 million units last year. what was their gross profit
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