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Marshalls Company reported the following results from the sale of 10,000 units in May: sales $368,000, variable costs $146,000, fixed costs $77,000, and net income $145,000. Assume that Marshalls increases the selling price by 19% on June 1. How many units will have to be sold in June to maintain the same level of net income?
Soap Corporation issued a $350,000, 6% 15-year mortgage note to obtain needed financing for new office. The terms of the note call for semiannual payments of $17,857 each. Prepare the entries to record the mortgage loan and the first installment.
watson clinic is evaluating a project that costs 52100 and has expected annual net cash inflows of 11500 for eight
The job required Nkr 3,800 in direct materials and 30 hours of direct labor time at a total direct labor cost of Nkr 6,649. The job contained only four units. If the company bills at a price 70% above the unit product cost on the job cost sheet, w..
why would a state or local government establish a capital projects fund? what type of project might be considered a
profitability ratios alpha industries had an asset turnover of 1.4 times per year. if the return on total assets
In August, Gold Company sold 770 units of their only product. For the month, fixed costs were $10,400, variable costs were 57% of sales, and the average sales price was $62.
sapp truckings balance sheet shows a total of noncallable 45 million long-term debt with a coupon rate of 7.00 and a
assume the same facts as in problem c11-43. assume further that raider corporation reports 75000 of ordinary income
in the following article christopher nobes suggests that there are several reasons for the differences in accounting
quality supplier inc accepts cash or credit card payment from customer. during june quality provided 170000 worth of
If you were a member of the School District board, what factors would you consider in evaluating the two bids?
slim corp. requires a minimum 8000 cash balance. if necessary loans are taken to meet this requirement at a cost of 1
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