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Assume that March's budgeted sales are 10,000 units. Beginning finished goods inventory contained 1,000 units, and 1,500 units are desired to be on hand at month end. Conversely, beginning direct materials inventory consisted of 1,500 units, but only 1,000 units are desired to be on hand at month end. Each finished unit requires 2 units of raw materials and 1 hour of direct labor. Raw materials cost $6 per unit, direct labor costs $9 per hour, factory overhead is applied at $7 per hour, and the company has no work in process. How much will raw material purchases amount to for March?
Fowler and Ericson share income and losses equally. Determine the amount received by Fowler as a final distribution from liquidation of the partnership.
Calculating Profitability Ratios Music Row, Inc. has sales of $32 million, total assets of $43 million, and total debt of $9 million. If the profit margin is 7 percent, what is net income? What is ROA? What is ROE?
During the year, total liabilities increased $100,000 and owner's equity decreased $70,000. What is the amount of total assets at the end of the year?
Their net income is $880,000 and they paid $10,000 in preferred dividends. Compute Tonga's earnings per share as of December 31.
Calculate the estimated uncollectible - Prepare the adjusting entry at December 31, 2008 to record bad debt expense.
Calculate Gluco's earnings per share for 2010 that would have been reported in the 2010 annual report.
Discuss any trends in the net cash provided in operating, investing and financing activities for Home Depot and Lowes in FYE2008.
Find what is the net present value of this investment and evaluate the internal rate of return?
Prepare an income statement and a retained earnings statement for May assuming the data are not included -
Calculate break-even in pounds if the sales price increases by 10% and fixed costs increase by £12,000 and calculate break-even in pounds if total sales increases by 10% and fixed costs increase by 10%.
Prepare a cash budget in good form for June. Clearly show any borrowing needed during the month - Compute the budgeted cash receipts for June.
What is the equilibrium interest rate if money supply and What needs to happen for this economy to be in equilibrium? Explain this and illustrate it on your diagram.
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