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Katie Enterprises reports the year-end information from 20X8 as follows: Sales (70,000 units) $560,000; Cost of goods sold 210,000; Gross margin 350,000; Operating expenses 200,000; Operating income $150,000. Katie is developing the 20X2 budget. In 20X2, the company would like to increase selling prices by 4%, and as a result expects a decrease in sales volume of 10%. All other operating expenses are expected to remain constant. Assume that COGS is a variable cost and that operating expenses are a fixed cost. What is budgeted sales for 20X2?
What is the amount of interest expense Herman will show with relation to these bonds for the year ended December 31, 2010?
On June 30, 2009, half the bonds were converted when Blair's common stock had a market price of $30 per share. What journal entry should Blair make record when recording the conversion?
Margaret Brown and Joel Lee each own 50% of Designs Inc. with no other class of stock authorized. On June 6, 2009, they formed to provide design services. Their business activity code is 541400.
Patience and kindness has been the key to your business success.
What amount of bad debts expense will Hamilton Company report if it uses the direct write-off method of accounting for bad debts?
on june 15 2013 sanderson construction entered into a long-term construction contract to build a baseball stadium in
1. when a companys activities involve production through natural growth or aging of biological assets plant or living
what is the best way to handle manufacturing overhead costs in order to get the most timely job cost information?a. the
Define the term expenditure and distinguish between that term and the following terms: expense, disbursement, encumbrance and other financing use.
Describe one researched accounting position
What is CVP analysis? Why is this an important analysis for a company to perform?
What is a statement of cash flows and Brad Strath maintains that the statement of cash flows is an optional financial statement.
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