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Norton company reports the following operating results for the month of August: sales $310,000 (units 5,000); variable costs $210,000; and fixed costs $75,000. Management is considering the following independent courses of action to increase net income. 1) increase selling price by 10% with no change in total variable costs or sales volume, 2) reduce variable costs to 58% of sales, 3) reduce fixed costs by $20,000.
Instructions: Compute the net income to be earned under each alternative. which course of action will produce the highest net income?
he company charges a price of 6.50 total fixed cost is 314400 per year and the break even point is 131000 units. what
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Equity method of accounting for Investments
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sweeten company had no jobs in progress at the beginning of march and no beginning inventories. it started only two
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Montana Co. has determined its year-end inventory on a FIFO basis to be $600,000. Information pertaining to that inventory is as follows: What should be the carrying value of Montana's inventory?
A certificate of deposit has an annual rate of 6% compounded quarterly. Find the effective rate of interest. Show all work
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a company uses the weighted average method in its processing costing system and a normal costing system in the
Conrad, who is single, had agi of $361,850 during the year. He incurred the following expenses and losses during the year:
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