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Haunted Forest, Inc.is selling fog machines.
Use the following information about Haunted Forest, Inc. to answer the following questions.
Average selling price per unit $315.
Variable cost per unit $211
Units sold 302
Fixed costs $15,717
Interest expense $3,141
Question 1: Based on the data above, what will be the resulting percentage change in earnings per share if they expect units produced and sold to change 4.4 percent? (You should calculate the degree of total (combined) leverage first). Round the answer to two decimals
If the company is able to reduce variable costs by $2.50 per unit in 2012 and other costs and unit revenues remain unchanged, how many units will the company have to sell in order to earn a net profit of $60,000?
Which of the following changes would cause a company's break-even point in sales to increase? A bank believes it has sufficient controls to ensure good reporting, except that an executive is able to deliberately misrepresent records to a bank regulat..
Create a statement of shareholder's equity in proper format for the year ended December 31, 2019. Booked a before - tax prior period adjustment of $25,000
Corporation has ordinary income of $260,000, a short-term capital loss of $60,000, and a long-term capital gain of $20,000.
Also, how to calculate the amount of intangible assets subject to amortization as a percent of the company's total intangible assets (excluding goodwill)
Pricing is a key aspect of a product or service. Think of a product you use, it can be a convenience, shopping or specialty product. Identify the likely pricing objective and the possible pricing strategy used. Support your conclusions.
Larry formed Sleuth Corporation in order to incorporate the detective agency business that he had been operating for several years as a sole proprietorship. In exchange for the assets transferred, Larry received 100 percent of the stock of the corpor..
In cell P2, enter a formula using the VLOOKUP function to determine the cost of each employee’s medical plan as described below: Use a structured reference to the Medical Plan field as the Lookup_value parameter value.
Explain the revenue principle and its implication on the financial statements. Define the matching principle and why it is critical in the preparation of the accrual-based financial statements.
On December 31, 2012, Ed Abbey Co. performed environmental consulting services for Hayduke Co. Hayduke was short of cash, and Abbey Co. agreed to accept a $291,500 zero-interest-bearing note due December 31, 2014, as payment in full. Prepare the jour..
On January 1, Zabel Corporation purchased a 25% equity in Helbert Corporation for $198,100. At December 31, Helbert declared and paid a $57,400 cash dividend and reported net income of $237,700. Journalize the transactions. Determine the amount to be..
If the annual depreciation recorded for the second year after purchase would be? A company purchased factory equipment for $700000.
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