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In May of 2018, the Town of Anthrop receives a $60,000 grant restricted for transporting all senior citizens to polling locations on Election Day in November of 2018.
Required:
Problem 1: Prepare the journal entry, and identify the fund in which it is recorded, to record the receipt of the grant.
Classify each measure as lean or traditional (standard costing). If traditional, discuss the measure's limitations for a lean environment. If it is a lean measure, describe how the measure supports the objectives of lean manufacturing.
Dilley Corporation issues $311,600 of bonds for $327,180. Prepare the journal entry to record the issuance of the bonds
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Unit sales price, $300; unit variable costs, $180; total fixed costs, $270,000; and projected sales, $900,000. What is the margin of safety
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