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Minden Company manufactures a high-quality wooden birdhouse that sells for $20 per unit. Variable costs are $6 per unit, and fixed costs total $180,000. During 2004, the company sold 24,000 birdhouses to customers. The president of Minden Company believes the following changes should be made in 2005:
1. the selling price of the birdhouse should be reduced by 10%
2. increase advertising by $30,000Assume these changes are made. Calculate the number of units Minden Company must sell in 2005 in order to break-even.
On January 2, 2011, Jansing Corporation acquired a new machine with an estimated useful life of five years. The cost of the equipment was $40,000 with a residual value of $5,000.
Your firm has the following income statement items; sales of 50,250,000; income tax of 1,744,000.00; operating expenses of 10,115,000; cost of goods sold of 35,025000 and interest expense of 750,000. What is the amount of the firm's gross profit.
in your personal investment portfolio what have you done to minimize unsystematic risk? has it been successful? explain
List one difference that can cause a corporations book income to differ from its taxable income. Provide an example of a transaction to illustrate this difference. Why do you think these differences exist, and that IRS and GAAP/IFRS regulations ca..
How much higher (or lower) would the company's first-year net income have been if absorption costing had been used rather than variable costing? Show computations.
Dresser Company uses a standard cost system and sets predetermined overhead rates on the basis of direct labor-hours. The following data are taken from the company's budget for the current year: Prepare an analysis of the variance for material and ..
the basic financial statements of a pension plan provide only limited amounts of information as to its economic
bonita beauty corporation manufactures cosmetic products that are sold through a network of sales agents. the agents
Which scheme does not inflate sales? A) Recognizing sales on disputed claims against customers. B) Recognizing sales without shipping the goods. C) Understanding allowances for sales discounts. D) Recognizing full sales amount for partial shipments.
In connection with the issue of bonds at a premium or a discount, what does the term carrying value of bonds mean? What would the carrying value be at maturity date?
An introduction to internal controls, explaining in your own words the two primary goals of internal control.
Does the budget suggest that additional workers are needed? Suppose the wage rate is $20 per hour. How many additional labor hours are needed in May?
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