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Question - In an accounting conference, discussion turned to the possibility of preparing of financial statement from the key accounts, together with the financial or cost accounting ratios. The General Manager of the participating firm provided the following data; pretax income of the year, Rs. 1200000; the rate of pretax income rate on sales is 10%; Gross profit rate is 45%; rate of marketing expenses to sales, 20%; 7% bonds payable represent 37.5% of the total liabilities of Rs. 2000000. Make an Income statement for the year based on the above information.
If BMOC expects to sell 250 tickets to the mixer at $10 each, which of the following arrangements with the band will be in the best interest of the fraternity?
Worton Distributing expects its September sales to be 25% higher than its August sales of $153,000. Compute the ending cash balance on September
Another trader's order executes at 11:25 AM at a price of $36.20 for 850 shares. The best bid and ask prices,Calculate the 'closing price of the day' benchmark?
Identify two ways to finance the remaining $20,000 you will need, so you can pay all of the liabilities when they are due
the four-variance method, calculate the overhead variances - Georgia Gasket Company budgets 8,000 direct labor hours for the year.
Commissions on the sale of the record: 5% of sales price. How many units do they need to sell to break even
Proceeds from expected equipment sales each year are expected to amount to $10000. Annual payments of $81171 on the loan also begin in 2010. The beginning cash balance in 2010 was $20000.
Write a report to the dean that evaluates the quality of this analysis. In particular, focus on concerns about the accuracy of the data and the limitations of cost-volume-profit analysis.
Compostela Farms, Inc. grows and sells tomatoes and tomato products. Each plot yields 1,500 pounds, Which alternative is more cost effective and by how much?
Required to compute the labour variances. The standard hours for manufacturing two products M and N are 15 hours per unit and 20 hours
What is the value of DEL to be deducted from the joint manufacturing costs? CONSO Inc. manufactures joint products ALT and TAB, and a by-product DEL.
Beginning reatained earnings, Sept, 1 $20,150 net income is 13,410 and dividend of 4000. what is the ending earnings, Sept. 30?
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