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Case: Using the Demo File (posted under the Document Folder on Class Blackboard page) and demonstration of Nov 15, 2022, solve the following:
Break Even Calculation: Assuming that ABC LLC manufactures calculators and the selling price per unit = $15, fixed cost for manufacturing = $5,000, and variable cost per unit = $10, solve for the number of units the company have to produce to break-even.
Max Revenue: Assume the Profit per Table = 9 and Profit per Chair = 7; Maximum carpentary hours = 2000 and it takes 3 hours to build one table and 5 to build one chair; Maximum painting hours available are 1500 and each table takes 3 hours to paint and each chair takes 2 chairs to paint; Maximum Chairs the company can make is: 500 and Minimum tables a company can make is 150. Solve for maximum possible profits with these constraints.
Financial Statement Analysis and Preparation
Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?
An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.
Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.
This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited
Prepare general journal entries for Goela Ltd
Prepare the journal entry to record the acquisition of the assets.
Prepare general journal entries to record the transactions, assuming use of the periodic inventory system
Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.
Explain the IASB Conceptual Framework's perspective of users and their decisions.
T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .
Computation of Free Cash Flow
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