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McIntosh Enterprises produces giant stuffed bears. Each bear consists of $12 of variable costs and $9 of fixed costs and sells for $45. A wholesaler offers to buy 8,000 units at $14 each, of which McIntosh has the capacity to produce. McIntosh will incur extra shipping costs of $1.25 per bear. Determine the incremental income or loss that McIntosh Enterprise would realize by accepting the special order.
Selling and administrative expenses include $39 million in restructuring costs.
White Corporation decides to discontinue the business and distributes all of the $4 million of insurance proceeds collected as a result of the fire to Helen and Gray Corporation in redemption of 20 shares of stock from each shareholder. Determine ..
During the year, Mac withdrew $93,000 from the business for his personal living expenses. Assuming MACS is a sole proprietorship, how do these transactions affect Mac's taxable income for the year?
Puckett Co. has office furniture that cost $75,092 and that has been depreciated $49,709 - Record the disposal under the assumptions.
many u.s. businesses have changed their management philosophies to become more competitive. these changes include
the hokie corporation is considering two mutually exclusive projects. both require an initial outlay of 10000 and will
Wheeler Corporation had retained earnings of December 31, 2008 of $ 12 million. During 2009, Wheeler's net income was $ 4 million. The retained earnings balance at the end of 2009 was equal to $ 13 million. Therefore, _________
outback outfitters sells recreational equipment. one of the companys products a small camp stove sells for 110 per
Cash sales of $836.15 on May 12 were deposited in the bank. The cash receipts journal entry and the deposit slip were incorrectly made for $886.15. The bank credited Logan Company for the correct amount.
Determine the unrealized profit in Salt's inventory at December 31, 2004. Compute Petrel's income from Salt for 2005.
problem 12-8 at dec 31 2013 the investments in securities available-for-sale of beale developments were reported at 78
Gannon Company is considering purchasing a machine. The machine will produce the following cash flows: Year 1 $60,000 Year 2 $90,000 Gannon requires a minimum rate of return of 10%. What is the maximum price Gannon should pay for this machine?
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