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Swifty Corporation reported the following results from the sale of 6600 hammers in May: sales $264000, variable costs $158400, fixed costs $60000, and net income $45600. Assume that Swifty increases the selling price of hammers by 10% on June 1. How many hammers will have to be sold in June to maintain the same level of net income?
journalize entries - December, 350 shares of treasury stock were sold for $15 per share. No dividends were declared in 2017
Net amount of operating cash flows ______. Net amount of financing cash flows ______. Cash received from the sale of land ______.Cash spent on new equipment ______.
Assume something has reduced production and increased total variable costs by an additional 10% of sales.
Explain the management accountant's role in helping organisations design stronger incentive systems for their employees. Explain the role of benchmarking in evaluating managers.
Explain the importance of separation of duties to a system of internal controls - do than clean house, they hire someone to come in and clean once each week
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A business received an offer from an exporter for 20,000 units of product at $15 per unit. The acceptance of the offer will not affect normal production or domestic sales prices.
CollegePak Company produced and sold 60,000 units throughout the year just ended at an average price of $20 per unit. Variable manufacturing costs were $8 per unit, and variable marketing costs were $4 per unit sold.
If Costello uses the direct write-off method to account for uncollectible accounts, journalize the adjusting entry at December 31, assuming Costello determines
Sixty percent of the customers of a fast food chain order the whopper, French fries and a drink. If a random sample of 15 register receipts is selected, what is the probability that 10 or more will show that the above three food items were ordered?
Is the direct or indirect method used to report operating activities? What is the largest adjustment to net income in reconciling net income and cash flows from operations in the most recent year?
For each of the following items, calculate the amount of revenue or expense that should be recognized on the income statement for Ryco Co. for the year ended December 31, 2013:
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