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Lion Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $500,000, variable expenses of $375,000, and fixed expenses of $150,000. Therefore, the gloves and mittens line had a net loss of $25,000. If Lion eliminates the line, $40,000 of fixed costs will remain.
Prepare an analysis showing whether the company should eliminate the gloves and mittens line.Analyze whether to eliminate unprofitable segment
Ganzalez, Inc., manufactures stereo speakers in two factories: one in Vandalia, Illinois and another in Modesto, California. The Vandalia factory uses DL$ for its overhead rate and the Modesto factory uses machine-hours (MHs) for its overhead rate..
A business is considering a cash outlay of $500,000 for the purchase of land, which it could lease for $40,000 per year. If alternative investments are available which yield a 21% return, the opportunity cost of the purchase of the land is:
reagan and carter are partners. their partnership agreement provides that dividing profits each is to be allocated
you are the director of a washington d.c. think tank focusing on tax and economic policy issues. you were recently and
the units in process at the end of the month are 100 percent coomplete with respect to materials and 50 percent
Assume that the fair value of the Dryer division is $1,100,000 instead of $1,250,000. Prepare the journal entry to record the impairment loss, if any, on December 31, 2004.
Prepare a schedule analyzing the changes in each of the plant asset accounts during 2011. this schedule should include columns for beginning balance, increase, decrease and ending balance for each of the plant asset accounts.
Victor called you and was in a panic as he had just received a letter from the IRS, requesting an audit of his business. The letter specifically asked for support for the $ 150,000 truck operating expense. Victor had no receipts.
research the history of process costing in the united states. when did it begin to be used in manufacturing companies?
how do retiree health benefits differ from pension benefits with respect to accounting funding regulation and employee
find a journal article online about just-in-time inventory systems. in the subject line of your post include the title
on februrary 182011 union corporation purchased 10000 shares of ibm common stock as a long-term investment at 60 per
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