Reference no: EM131291868
Laredo, Inc. has a contribution margin ratio of 45%. This month, sales revenue was $200,000, and profit was $40,000. If sales revenue increases by $20,000, by how much will profit increase?
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When the stock-option plan was adopted
: Berg Company adopted a stock-option plan on November 30, 2013, that provided that 77,200 shares of $6 par value stock be designated as available for the granting of options to officers of the corporation at a price of $10 a share. The market price wa..
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Who worked on construciton of capital project
: The capital projects fund of Petit City paid salaries to city employees who worked on construciton of a capital project. The debit for the entry in the capital projects fund to record this event should be to: A. departmental expense accounts; B. sala..
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What are break-even sales and contribution margin ratio
: Boise Corp had a margin of safety of $386,000 last month, with sales revenue of $1,000,000 and fixed costs of $270,160. What are break-even sales? What is the contribution margin ratio? How much profit did Boise earn last month?
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Find the probability of obtaining exactly five heads
: Find the probability of obtaining exactly 5 heads when a coin is tossed 10 times. The capital projects fund of Petit City paid salaries to city employees who worked on construciton of a capital project. The debit for the entry in the capital projects..
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How much will profit increase
: Laredo, Inc. has a contribution margin ratio of 45%. This month, sales revenue was $200,000, and profit was $40,000. If sales revenue increases by $20,000, by how much will profit increase?
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What amount should be recorded as capital assets
: The following general capital assets were owned by Fearville City: City Buildings: $4,100,000 Equipment: $1,100,000 Streets, sidewalks, and water mains: $2,900,000 what amount should be recorded as capital assets in the City's governmental activities..
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Account for treasury stock using the cost method
: The following is a summary of all relevant transactions of Vicario Corporation since it was organized in 2014. In 2014, 15,800 shares were authorized and 7,230 shares of common stock ($54 par value) were issued at a price of $61. Prepare the stockhol..
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Opportunity cost associated with staying at her current job
: Jackie has the following information to evaluate—her current salary of $74,000 versus total revenues of $100,000 and expenses of $65,000 from starting a new business. How much is the opportunity cost associated with staying at her current job?
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Which gives it the ability to significantly influence evan
: Evan Company reports net income of $170,000 each year and declares an annual cash dividend of $50,000. The company holds net assets of $2,140,000 on January 1, 2014. On that date, Shalina purchases 40 percent of the outstanding stock for $1,047,000, ..
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